October 2023

Oversight Committee Nominations
Statement
Refinitiv Benchmark Services (UK) Limited (RBSL)

Benchmark Administrators are required to establish and maintain an effective oversight function to ensure oversight of material
aspects of the provision of their benchmarks. Refinitiv Benchmark Services (UK) Limited (‘RBSL’) has established a number ofOversight Committees in order to fulfil this requirement. The overarching role of an Oversight Committee (“OC”) is to provide
independent challenge and advice to RBSL on salient matters aligned to the ongoing governance, enhancement, and functioning ofthe benchmark.
Each OC adheres to the RBSL OC Terms of Reference which outlines the oversight function responsibilities.
The composition of an OC is in accordance with the relevant obligations of the Benchmark Regulation (‘BMR’), Multilateral
Instrument 25-102 Designated Benchmarks and Benchmark Administrators (‘CSA Rule’) and the criticality of the benchmarks. An
OC comprises of members who have been nominated by the Administrator CEO and approved by a simple majority vote of theRBSL Board of Directors. RBSL focuses on 3 main pillars of nomination criteria to evaluate members composing a Benchmark
Oversight Committee – 1) Experience, 2) Fit & Proper, 3) Conflict of Interest, and an additional evaluation to determine whether
potential members can meet the time commitments required, taking into account their role in any other oversight function.
All actual or perceived conflicts of interest must be disclosed by the prospective member to RBSL, in accordance with the RBSL
Conflicts of Interest Disclosure Statement. Persons directly involved in the provision of the benchmark may be an observer of theOC but shall not be a member.
OC members are required to execute a letter of appointment prior to serving on the Committee. The letter of appointment prescribes
the term of membership on the OC. However, it should be noted that members’ appointment can be terminated at the discretion of
the member or RBSL.
Details of the membership of the Benchmark Oversight Committee(s) may be made public along with any declarations of any conflictof interest, where relevant and required.

ABOUT FTSE RUSSELL
FTSE Russell is a leading global provider of index and benchmark solutions, spanning diverse asset classes and investment objectives. As a trusted
investment 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
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