April 2024

Industry Classification
Benchmark (ICB)
Challenges and Appeals
v1.7

lseg.com/en/ftse-russell

Industry Classification Benchmark (ICB), v1.7, April 2024

Contents

Section 1 Challenges and appeals ..................................................................................................................................... 3
Further information .............................................................................................................................................................. 5

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Industry Classification Benchmark (ICB), v1.7, April 2024

Section 1

Challenges and appeals

1.

Challenges

1.1

If a constituent or prospective constituent company (or professional advisor acting on behalf of thecompany) wishes to challenge its classification in ICB they should complete the ICB classification data formwhich can be found at ICB_Classification_Data_Form.pdf. The reasons for proposing a change ofclassification should be stated, having regard to the ICB classification Ground Rules and attaching any
documentary evidence in support of its claim. In considering the claim, FTSE Russell may only take accountof publicly available information. The form and any supporting evidence should be sent to FTSE Russell
client services at info@ftserussell.com

1.2

The FTSE Russell ICB Technical Forum will review the company’s classification based on its own analysis
and evidence provided by or on behalf of the company. If a classification change is supported, the change
will be announced through a FTSE Russell technical notice. If an ICB change is not supported by FTSERussell, the complainant will be informed of this outcome via the FTSE Russell client services team with therationale for the decision.

2.

Appeals

2.1

Should a complainant disagree with the decision reached by the FTSE Russell ICB Technical Forum andwish to submit an appeal, they may do so by contacting FTSE Russell client services atinfo@ftserussell.com. In such an event, the FTSE Russell Industry Classification Advisory Committee will berequested to provide a recommendation based on the information provided by the complainant and FTSE
Russell’s analysis.

2.2

The recommendation of the advisory committee will be presented to the FTSE Russell Index Governance
Board for a final decision. The FTSE Russell Index Governance Board’s decision will be communicated tothe complainant by the secretary to the FTSE Russell Index Governance Board via the client services team,with an explanation, including relevant data. If a change in classification is supported, the change will beannounced through a FTSE Russell technical notice.

3.

Implementation

3.1

If a challenge or appeal results in a change to a company’s ICB classification, FTSE Russell will implement
the change with a minimum of two days’ notice.

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Industry Classification Benchmark (ICB), v1.7, April 2024

4.

The FTSE Russell complaints procedure can be accessed using thefollowing link:
Benchmark_Determination_Complaints_Handling_Policy.pdf

5.

The FTSE Russell Appeal Process can be accessed using thefollowing link:Appeals_Against_Decisions.pdf

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Further information

Further information
For further information on FTSE Russell indices please visit www.lseg.com/en/ftse-russell/ or e-mailinfo@ftserussell.com. Contact details can also be found on the website.

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