Index Regulations Intro

Various regulatory bodies and other organizations have turned their attention to the provision and use of benchmarks. MSCI has been actively monitoring these developments and engaging in dialogue with the relevant parties. MSCI Responses to Regulatory Consultations


Index Regulations Intro

Various regulatory bodies and other organizations have turned their attention to the provision and use of benchmarks. MSCI has been actively monitoring these developments and engaging in dialogue with the relevant parties. MSCI Responses to Regulatory Consultations


Index Governance, Policies and Procedures


Index Governance, Policies and Procedures

MSCI provides overall oversight and governance for its indexes through committee’s structure. Each of these committees has a Terms of Reference:

 

How MSCI Manages Conflicts of Interest

Learn More

MSCI Real Estate Data Provider Code of Conduct

Code of Conduct


Benchmark Regulations


Benchmark Regulations

MSCI has been committed to high standards in benchmark administration long before the EU benchmark regulation was enacted, as evidenced through our long history as a respected benchmark provider and our adoption of the IOSCO Principles for Financial Benchmarks (described below). We fully support the aims of the EU and UK benchmark regulation and have been an active contributor to the development of the benchmark regulation from the outset.


General

Index Regulations Tabs

Benchmark Regulation

  • Status as a regulated benchmark administrator under EU and UK benchmark regulation
  • Regulatory Navigator (Regulatory related links)
  • Benchmark Statements
  • ESG Disclosures
  • List of Benchmarks
  • Brexit


 

Benchmark Regulation

  • Status as a regulated benchmark administrator under EU and UK benchmark regulation
  • Brexit


 

MSCI voluntarily adheres to the International Organization of Securities Commissions Principles for Financial Benchmarks (“IOSCO Principles” or “Principles”). First published in July 2013, the IOSCO Principle’s objective is to create an overarching framework of principles for benchmarks used in financial markets.

MSCI supports the IOSCO Principles and their objective. MSCI has a long history of defining and applying sound practices in its index product lines. MSCI believes there are many dimensions to having an effective and transparent high-quality index capability, including strong governance and controls over methodologies and processes. These ideas have been part of MSCI’s culture and operating framework for many decades.

In 2014, MSCI began to publish statements of adherence to the IOSCO Principles across its indexes. In 2018, MSCI became a registered benchmark administrator under the EU Benchmarks Regulation (BMR), which in turn is based on the IOSCO Principles. MSCI has integrated its approach to adherence with the IOSCO Principles into its framework for complying with the BMR.

Clients of MSCI may request further detail regarding MSCI’s adherence to the IOSCO Principles here.

 

DATA SUBMITTERS TO MSCI PRIVATE REAL ESTATE INDEXES

We ask data submitters to adhere to our MSCI Real Estate Data Provider Code of Conduct so that the submission processes for data included in the MSCI Private Real Estate indexes and benchmarks are in line with the IOSCO Principles and best practices.

The ‘Data Submitter Code of Conduct – IPD Indexes and Benchmarks” has been updated and renamed to the “MSCI Real Estate Data Provider Code of Conduct” on November 26, 2018.

For further information and if you provide data to us, please read the document below:

 

Other Regulations


Other Regulations


Other Regulations tabs

United States IRS 871 (M) Regulations Relating to the Definition of a ‘Qualified Index’



 

CSRC Guidelines on Index Funds

  • CSRC Guidelines on Index Funds (Client Service contact)


中国证券监督管理委员会指数基⾦指引

点击此处查看中文指数信息

MIFIR

As required by Article 37 and/or Article 38 of the Markets in Financial Instruments Regulation (“MiFIR”), MSCI makes available the following licenses of MSCI indexes to certain central counterparties (CCPs) and trading venues (as defined by MiFIR):

Trading and Clearing Licence is required for CCPs and trading venues to list, trade and clear futures and options based on MSCI indexes.
CCPs and trading venues wishing to exercise their access rights under MiFIR are required to complete the request form.



 

ESMA Guidelines

For a copy of the MSCI Equity Index policy document on the ESMA Guidelines on ETFs and Other UCITS Issues, please contact MSCI Client Service.

Index constituents information as per ESMA Guidelines can be found here.



 

Formal Index Complaints


Formal Index Complaints

While we strive to provide quality products and services, if you have a formal index complaint regarding our index products, please follow the procedure as outlined below. Formal index complaints include complaints regarding whether a specific index appropriately represents the market, segment or strategy it seeks to measure, complaints regarding a proposed change to the index determination process, complaints regarding an application of the methodology in relation to a specific index determination, and complaints regarding other decisions in relation to the index determination process.

Formal index complaints must be submitted through the web form found here.

MSCI’s formal index complaints policy can be found here. For the avoidance of doubt, this process covers formal index complaints only. For general questions about our equity indexes, please contact MSCI Client Service. For general questions about MSCI Private Real Assets Indexes, please contact the MSCI Real Estate Client Services team via realestate@msci.com.


Index Regulations Related Content