Definitions

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....or index;  (ii) determining a benchmark or index through the application of a formula or through another method of calculating the information or expressions of opinions provided for that purpose; and  (iii) dissemination to subscribers, including any review, adjustment and modification to this process.  (c) "Audit Trail" means the documentation and retention of all relevant data, submissions, other information, judgments, including the rationale for any inclusion or exclusion of data, analysis and identities of submitters of information used in the benchmark setting process for an appropriate period;  (d) "Benchmark" or "Index" means prices, estimates, rates or values, used in relatio....

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....(i) "Submitter" means a person providing information to an Index Provider in connection with the determination of a Benchmark or an Index; (j) "Contribution of input data" means providing any data not readily available with the Index Provider in connection with the computation of Benchmark or an Index; (k) "Expert Judgement" means the exercise of discretion by an Index Provider or Submitter with respect to the use of data in determining a Benchmark with due documentation of the rationale and includes extrapolating values from prior or related transactions or adjusting values for factors that might influence the quality of data such as market events or impairment of the credit quality of a buyer or seller; (l) "For....

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....or supervised or both by a Regulatory Authority; (r) "Regulatory Authority" means a governmental or statutory body not being a Self-Regulatory Organisation that is mandated to regulate the securities or commodities and futures market or both; (s) "Schedule" means a schedule to these regulations; (t) "Securities" shall have the meaning assigned to it under clause (h) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956); (u) "Significant Indices" means Indices administered by an Index Provider, which are tracked or benchmarked by domestic mutual fund schemes with the cumulative assets under management exceeding the limits as may be specified from time to time. Explanation: T....