February 2024

IOSCO Statement

London Stock Exchange Group (“LSEG”) is a leading global financial markets infrastructure and data provider, trusted to deliver
excellence by customers, partners and markets around the world. We play a vital social and economic role in the world’s financialsystem. With our trusted expertise and global scale, we enable the sustainable growth and stability of our customers and theircommunities.
LSEG offers benchmark and index solutions through FTSE Russell. FTSE Russell is a global index provider of benchmarks,
analytics, and data with capabilities across asset classes. FTSE Russell’s indices are used by clients to inform asset allocation
decisions, support portfolio construction and conduct risk and performance analysis. FTSE Russell has two authorised benchmark
administrators:••

FTSE International Limited (“FIL”) is authorised in the UK by the FCA under the UK Benchmark Regulation (“UK BMR”);
andRBSL is authorised in the UK by the FCA under the UK BMR and designated as a benchmark administrator for CDOR
under the Canadian Securities Administrators Benchmark Rule (“CSA Benchmark Rule”) and Ontario Securities
Commission Rule 25-101 (“OSC Rule”). For the list of benchmarks currently administered by RBSL please visit FTSE
Russell benchmarks (the “RBSL Benchmarks”).

In addition, FTSE Russell also calculates and publishes certain benchmarks and indices outside of these two authorised benchmark
administrators. For these indices we are generally aligned with the International Organization of Securities Commissions (“IOSCO”)
Principles for Financial Benchmarks (the “IOSCO Principles”). iIOSCO is a global body comprised of representatives from the world’s financial regulators. In 2013 IOSCO produced a set ofprinciples on governance, the quality of benchmark determinations, the quality of the methodologies used, and the accountability ofthe benchmark administrator.
In line with by the IOSCO Principles, FTSE Russell affirms its aim to be generally aligned with these Principles. FTSE Russell works
to improve the calculation, management, and governance of the benchmarks and indices it calculates, publishes, or administers toensure they reflect the highest standards and meet all applicable regulation and industry guidance.
For the RBSL benchmarks, we have made a commitment to ensure that methodologies are codified and available to stakeholders,that governance principles and control frameworks protect the integrity of the benchmark-setting process and that, where applicable,
submitters are subject to a code of conduct. We believe it is the responsibility of everybody providing such data to ensure its integrity
and we actively work to maintain confidence in these fundamental data on which the global financial system depends.
RBSL has published a Statement relating to the IOSCO Principles for the WMR Financial Benchmarks. In addition, FIL has
published an IOSCO Statement of Compliance.
For the remaining indices calculated and published by FTSE Russell, we fully support IOSCO’s approach, which applies a common
set of principles across all jurisdictions, and we have been working to ensure full observance of these principles across theseindices..ii
To learn more about FTSE Russell benchmark services, please visit FTSE Russell benchmarks.

http://www.iosco.org/library/pubdocs/pdf/IOSCOPD415.pdf
Principle 17 requires the appointment of an independent internal or external auditor with appropriate experience and capability to periodically review and report on theAdministrator’s adherence to its stated criteria and the requirements of the Principles. FTSE Russell is subject to both internal and external audits on a regular basis, including for
certain benchmarks and indices specific IOSCO reviews and where required UK BMR regulatory audits.
iii

ABOUT FTSE RUSSELL
FTSE Russell is a leading global provider of index and benchmark solutions, spanning diverse asset classes and investment objectives. As a trustedinvestment partner we help investors make better-informed investment decisions, manage risk, and seize opportunities.
Market participants look to us for our expertise in developing and managing global index solutions across asset classes. Asset owners, asset
managers, ETF providers and investment banks choose FTSE Russell solutions to benchmark their investment performance and create investment
funds, ETFs, structured products, and index-based derivatives. Our clients use our solutions for asset allocation, investment strategy analysis andrisk management, and value us for our robust governance process and operational integrity.
For over 35 years we have been at the forefront of driving change for the investor, always innovating to shape the next generation of benchmarks
and investment solutions that open up new opportunities for the global investment community.
CONTACT US
To learn more, visit lseg.com/ftse-russell; email info@ftserussell.com; or call your regional Client Service team office:
EMEA +44 (0) 20 7866 1810

Asia-PacificNorth America +1 877 503 6437

Hong Kong +852 2164 3333
Tokyo +81 3 6441 1430
Sydney +61 (0) 2 7228 5659Disclaimer© [2024] London Stock Exchange Group plc and its applicable group undertakings (“LSEG”). LSEG includes (1) FTSE International Limited (“FTSE”), (2) Frank Russell Company(“Russell”), (3) FTSE Global Debt Capital Markets Inc. and FTSE Global Debt Capital Markets Limited (together, “FTSE Canada”), (4) FTSE Fixed Income Europe Limited (“FTSE FIEurope”), (5) FTSE Fixed Income LLC (“FTSE FI”), (6) FTSE (Beijing) Consulting Limited (“WOFE”) (7) Refinitiv Benchmark Services (UK) Limited (“RBSL”), (8) Refinitiv Limited (“RL”)
and (9) Beyond Ratings S.A.S. (“BR”). All rights reserved.
FTSE Russell® is a trading name of FTSE, Russell, FTSE Canada, FTSE FI, FTSE FI Europe, WOFE, RBSL, RL, and BR. “FTSE®”, “Russell®”, “FTSE Russell®”, “FTSE4Good®”,“ICB®”, “Refinitiv”, “Beyond Ratings®”, “WMR™”, “FR™” and all other trademarks and service marks used herein (whether registered or unregistered) are trademarks and/or service
marks owned or licensed by the applicable member of LSEG or their respective licensors and are owned, or used under licence, by FTSE, Russell, FTSE Canada, FTSE FI, FTSE FI
Europe, WOFE, RBSL, RL or BR. FTSE International Limited is authorised and regulated by the Financial Conduct Authority as a benchmark administrator. Refinitiv Benchmark
Services (UK) Limited is authorised and regulated by the Financial Conduct Authority as a benchmark administrator.
All information is provided for information purposes only. All information and data contained in this publication is obtained by LSEG, from sources believed by it to be accurate andreliable. Because of the possibility of human and mechanical inaccuracy as well as other factors, however, such information and data is provided “as is” without warranty of any kind.
No member of LSEG nor their respective directors, officers, employees, partners or licensors make any claim, prediction, warranty or representation whatsoever, expressly or impliedly,
either as to the accuracy, timeliness, completeness, merchantability of any information or LSEG Products, or of results to be obtained from the use of LSEG products, including but notlimited to indices, rates, data and analytics, or the fitness or suitability of the LSEG products for any particular purpose to which they might be put. The user of the information assumes
the entire risk of any use it may make or permit to be made of the information.
No responsibility or liability can be accepted by any member of LSEG nor their respective directors, officers, employees, partners or licensors for (a) any loss or damage in whole or inpart caused by, resulting from, or relating to any inaccuracy (negligent or otherwise) or other circumstance involved in procuring, collecting, compiling, interpreting, analysing, editing,transcribing, transmitting, communicating or delivering any such information or data or from use of this document or links to this document or (b) any direct, indirect, special,consequential or incidental damages whatsoever, even if any member of LSEG is advised in advance of the possibility of such damages, resulting from the use of, or inability to use,such information.
No member of LSEG nor their respective directors, officers, employees, partners or licensors provide investment advice and nothing in this document should be taken as constituting
financial or investment advice. No member of LSEG nor their respective directors, officers, employees, partners or licensors make any representation regarding the advisability ofinvesting in any asset or whether such investment creates any legal or compliance risks for the investor. A decision to invest in any such asset should not be made in reliance on any
information herein. Indices and rates cannot be invested in directly. Inclusion of an asset in an index or rate is not a recommendation to buy, sell or hold that asset nor confirmation thatany particular investor may lawfully buy, sell or hold the asset or an index or rate containing the asset. The general information contained in this publication should not be acted upon
without obtaining specific legal, tax, and investment advice from a licensed professional.
Past performance is no guarantee of future results. Charts and graphs are provided for illustrative purposes only. Index and/or rate returns shown may not represent the results of theactual trading of investable assets. Certain returns shown may reflect back-tested performance. All performance presented prior to the index or rate inception date is back-testedperformance. Back-tested performance is not actual performance, but is hypothetical. The back-test calculations are based on the same methodology that was in effect when the index
or rate was officially launched. However, back-tested data may reflect the application of the index or rate methodology with the benefit of hindsight, and the historic calculations of anindex or rate may change from month to month based on revisions to the underlying economic data used in the calculation of the index or rate.
This document may contain forward-looking assessments. These are based upon a number of assumptions concerning future conditions that ultimately may prove to be inaccurate.
Such forward-looking assessments are subject to risks and uncertainties and may be affected by various factors that may cause actual results to differ materially. No member of LSEG
nor their licensors assume any duty to and do not undertake to update forward-looking assessments.
No part of this information may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise,
without prior written permission of the applicable member of LSEG. Use and distribution of LSEG data requires a licence from LSEG and/or its licensors.