FAQJanuary 2024

FTSE UK Index Series
Index Review Reference Data cut-offdates for 2024

lseg.com/en/ftse-russell

FTSE UK Index Series, January 2024

ContentsFTSE UK Index Series Schedule 2024 ............................................................................................................................... 3
FAQ……………………………………………………………………………………………………………………………………5
1.

Index rebalance market cap data cut-off ..................................................................................................................... 52.

ICB review cut-off date ................................................................................................................................................ 5

3.

Quarterly share and free float changes ........................................................................................................................ 6

4.

Annual Liquidity Testing Period ................................................................................................................................... 6

5.

New issues cut-off date ............................................................................................................................................... 6

6.

Nationality Review of Companies ............................................................................................................................... 77.

Rebalance effective date ............................................................................................................................................. 7

Further information .............................................................................................................................................................. 8

FTSE Russell | FTSE UK Index Series Review Reference Data, January 2024

2 of 9FTSE UK Index Series, January 2024

FTSE UK Index series review
schedule 2024
Indicative review schedule 2024 – FTSE 100 and FTSE 250
Note: Indicative index membership changes to the FTSE 100 and FTSE 250 are published quarterly in advance of theactual review.

Quarterly Review - March Annual Review - June
2024
2024

Quarterly Review September 2024

Quarterly ReviewDecember 2024

Indicative Review Market
Capitalisation data cut-off16 February 2024

24 May 2024

23 August 2024

22 November 2024

Notification of indicative index
membership changes to theFTSE 100 and FTSE 250

20 February 2024

28 May 2024

27 August 2024

26 November 2024

FTSE UK Index series review schedule 2024
Quarterly Review- March 2024

Annual Review - June2024

Quarterly Review September 2024

Quarterly Review- December 2024

27 February 2024

4 June 2024

3 September 2024

3 December 2024

31 January 2024

30 April 2024

31 July 2024

31 October 2024

31 January 2024

30 April 2024

31 July 2024

31 October 2024

Release of Indicative Files(Free Float and Shareupdates)

16 February 2024

24 May 2024

23 August 2024

22 November 2024

Release of Final Files (FreeFloat and Shares updates) incorporates any revisions toindicative file

1 March 2024

7 June 2024

6 September 2024

6 December 2024

Index Rebalance Market
Capitalisation data cut-off

1

2
ICB Review Cut-Off Date
Quarterly Free float and Sharechanges cut-off (only updates
captured up to and including
this date will be processed at3
the index review)

FTSE Russell | FTSE UK Index Series Review Reference Data, January 2024

3 of 9FTSE UK Index Series, January 2024

Query Period (window forclients to query the data
visible within the files)

19 February 2024 to

27 May 2024 to

26 August 2024 to

1 March 2024

7 June 2024

6 September 2024

25 November 2024
to6 December 2024

Lock-Down Period (openof)

4 March 2024

10 June 2024

9 September 2024

9 December 2024

Annual Liquidity Screen
4Periodn/a2 May 2023 to
30 April 2024

n/an/aNew Issues cut-off in order
to meet 20 day minimum
5
trading requirement

31 January 2024

7 May 2024

6 August 2024

6 November 2024

Nationality Screen cut-off
6date

31 January 2024

7 May 2024

6 August 2024

6 November 2024

Notification of Index
Membership Changes (FTSE
notice and indicative reviewproducts) Circulated (after UK
1market close)

28 February 2024

5 June 2024

4 September 2024

4 December 2024

Review Effective Date (open of)
718 March 2024

24 June 2024

23 September 2024

23 December 2024

Note: Dates may be subject to change. Clients will be notified of any changes.

FTSE Russell | FTSE UK Index Series Review Reference Data, January 2024

4 of 9FTSE UK Index Series, January 2024

FAQ

1.

Index rebalance market cap data cut-off
The market capitalisation cut-off date used in the ranking process to determine rebalance changes at index
reviews will be on the Tuesday before the first Friday in March, June, September and December.
For the avoidance of doubt, the share number and close price used in the calculation of the full market
capitalisation will be reflected in the Monitored List as at close on the relevant cut-off date.
For illustration purposes: the market capitalisation cut-off date for the March 2024 quarterly review willtake place at close of business on Tuesday 27 February 2024. The rebalance changes will be announced
after close Wednesday 28 February 2024.

2.

ICB review cut-off dateCut-off date:
March 2024
The cut-off date for the receipt of data for consideration at periodic review will be the last business day ofJanuary.
June 2024
The cut-off date for the receipt of data for consideration at periodic review will be the last business dayof April.
September 2024
The cut-off date for the receipt of data for consideration at periodic review will be the last business dayof July.
December 2024
The cut-off date for the receipt of data for consideration at periodic review will be the last business dayof October.
Implementation: periodic changes to the industry classification of a company will be implemented after theclose on the third Friday of March, June, September and December.
Monthly announcements: on the first business day of each month an indicative list of pending periodic
review changes will be announced.
Quarterly periodic review announcement: the confirmed periodic review changes will be announced on
the Wednesday following the second Friday of February, May, August and November. Any revisions tothose announcements may be made up until the Friday two weeks prior to the implementation date.
Revisions after this date will only be considered under exceptional circumstances.

FTSE Russell | FTSE UK Index Series Review Reference Data, January 2024

5 of 9

FTSE UK Index Series, January 2024

3.

Quarterly share and free float changes
March 2024
The cut-off date for normal quarterly share and free float changes will be the last business day in January.
For illustration purposes: for the March 2024 quarterly review, the cut-off date will be Wednesday
31 January 2024.
June 2024
The cut-off date for normal quarterly share and free float changes will be the last business day in April.
For illustration purposes: for the June 2024 quarterly review, the cut-off date will be Tuesday 30 April2024.
Please note: in June 2024, all normal quarterly share and free float updates will be implemented
regardless of size (i.e. the respective 1% and 3% buffers will not be applied). Please refer to the following
FAQ document for further details:
Shares and Free Float Maintenance FAQs
September 2024
The cut-off date for normal quarterly share and free float changes will be the last business day in July.
For illustration purposes: for the September 2024 quarterly review, the cut-off date will be Wednesday
31 July 2024.
December 2024
The cut-off date for normal quarterly share and free float changes will be the last business day in October.
For illustration purposes: for the December 2024 quarterly review, the cut-off date will be Thursday
31 October 2024.

4.

Annual Liquidity Testing Period
The annual liquidity test in June will be carried out over a period starting from the first working day in May ofthe previous year to last working day in April of the current year.
For illustration purposes: Liquidity testing period for the June 2024 review will be from 2 May 2023 to 30
April 2024.
Please refer to the UK Guide to Median Liquidity for further details:
Guide_to_Calculation_Methods_for_UK_Liquidity.pdf

5.

New issues cut-off date
New issues will be required to have a minimum 20-day trading record when reviewed.
The 20-day trading period will run up to the Tuesday before the first Friday in March, June, September andDecember.

FTSE Russell | FTSE UK Index Series Review Reference Data, January 2024

6 of 9

FTSE UK Index Series, January 20246.

Nationality Review of Companies
FTSE Russell will announce nationality assignments at least 20 business days before the FTSE UK IndexSeries market capitalisation cut-off date.

7.

Review Month

FTSE Nationality Assignment NoticeMarch 2024

31 January 2024

June 2024

7 May 2024

September 2024

6 August 2024December 2024

6 November 2024

Rebalance effective date
The FTSE UK Index Series is reviewed on a quarterly basis in March, June, September and December.
Any constituent changes will be implemented after the close of business on the third Friday of the review
month (i.e. effective Monday).

FTSE Russell | FTSE UK Index Series Review Reference Data, January 2024

7 of 9

FTSE UK Index Series, January 2024

Further information

If you have any questions and would like to speak to a client services individual directly, please do not hesitate tocontact us on the numbers below, or via email at info@ftserussell.com.
Hong Kong +852 2164 3333
London +44 (0) 20 7866 1810
Milan +39 02 3604 6953
New York +1 888 747 FTSE (3873)
Sydney +61 (2) 9293 2864
Tokyo +81 (3) 3581 2811

FTSE Russell | FTSE UK Index Series Review Reference Data, January 2024

8 of 9

Disclaimer© 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 International Limited is authorised and regulated by the Financial Conduct Authority as a benchmark administrator. Refinitiv Benchmark Services (UK) Limited is authorised andregulated by the Financial Conduct Authority as a benchmark administrator.
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®”,“WMR™”, “FR™”, “Beyond Ratings®” and all other trademarks and service marks used herein (whether registered or unregistered) are trade marks and/or service marks owned orlicensed 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.
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.

9 of 9