COB 9.4.2
(1) An
(2) A
(3) For the purposes of (1), the
(a) have fair and non-discriminatory procedures for establishing prices of Investments which are made public.
(b) demonstrate adequate and appropriate transparency over the methodology, calculation and inputs to allow users to understand how the benchmark or index is derived and its potential limitations;
(c) where appropriate, give priority to concluded transactions in making assessments and adopt measures to minimise selective reporting;
(d) be of good standing and repute as an independent and objective price reporting agency or index provider;
(e) have a sound corporate governance framework;
(f) have adequate arrangements to avoid its staff having any conflicts of interest where such conflicts have, or are likely to have, a material adverse impact on price establishment process; and
(g) adequate complaint resolution mechanisms to resolve any complaints about the Price Information Provider's assessment process and methodology.
[Added] DFSA RM123/2013 (Made 13th June 2013) [VER22/07-13]