| Field | Value | Source text | Reading (model) |
|---|---|---|---|
| G1 Scope, precedence and principles · 8 fields | |||
| Index types | STANDARD INDICES, CUSTOMIZED INDICES | SOLACTIVE provides 'STANDARD INDICES' and 'CUSTOMIZED INDICES'.Open p.4 ↗ |
Solactive provides standard indices and customized indices, with all indices not classified as customized treated as standard. |
| Methodology document scope | Index Guidelines, Bond Index Methodology, Equity Index Methodology, Equity Basket Calculation Methodology, Currency Hedge Indices Methodology, Solactive Country Classification Framework, Bond Market Classification Framework, Guideline for Extraordinary Corporate Actions, Correction Policy, Disruption Policy, Methodology Policy methodology-change procedure | This includes the following documents: Index Guidelines; the Bond Index Methodology; the Equity Index Methodology; the Equity Basket Calculation Methodology; the Currency Hedge Indices Methodology;Open p.3 ↗ |
Index methodology includes index guidelines, bond, equity, basket and currency-hedge methodologies, classification frameworks, extraordinary action, correction and disruption policies, and this methodology policy's change procedure. |
| Policy purpose | Governs new index approval and changes to index methodologies in response to BMR and IOSCO requirements. | This document describes the procedure to govern the process of developing new INDICES (NEW INDEX APPROVAL PROCESS), as well as to govern any changes to the INDEX METHODOLOGY.Open p.3 ↗ |
The document describes procedures for developing new indices and governing changes to index methodologies. |
| Covered indices | All Solactive indices administered under the EU Benchmarks Regulation or provided in accordance with IOSCO Principles globally; in principle also other Solactive-offered indices not administered under BMR or provided under IOSCO Principles. | This policy applies globally to all BMR ADMINISTERED INDICES or INDICES provided by SOLACTIVE in accordance with the IOSCO PRINCIPLES.Open p.3 ↗ |
The policy applies globally to all BMR-administered indices or indices provided by Solactive in accordance with IOSCO Principles, and in principle also to other indices offered by Solactive. |
| Principles | Accuracy, Integrity, Reliability, Independence, Transparency, controlled and auditable index approval and methodology change processes | To ensure the accuracy, integrity, reliability, independence and transparency of the INDEX METHODOLOGY, a process for the creation and approval of new INDICES (NEW INDEX APPROVAL PROCESS) has been implemented, as well as a process for INDEX METHODOLOGY changes.Open p.4 ↗ |
Solactive states accuracy, integrity, reliability, independence and transparency of index methodologies, supported by controlled and auditable approval and change processes. |
| Administrator | Solactive AG | Solactive AG German Index Engineering Platz der Einheit 1 60327 Frankfurt am Main GermanyOpen p.19 ↗ |
The administrator issuing the policy is Solactive AG. |
| Rulebook version | 1.6 | Version 1.6 31 August 2026Open p.1 ↗ |
The document version is 1.6. |
| Effective date | 2026-08-31 | 31 August 2026Open p.1 ↗ |
Version 1.6 is dated 31 August 2026. |
| G8 Governance, changes and termination · 17 fields | |||
| New index approval steps | Index structuring and guideline drafting, Index structuring approval, Operational acceptance by index management, Finalization, publication and filing | The NEW INDEX APPROVAL PROCESS will follow the steps described in detail as follows:Open p.5 ↗ |
New indices proceed through structuring, structuring approval, operational acceptance, and finalization with publication and filing. |
| Clarification definition | A minor change to index methodology documents that does not adjust or amend the index methodology. | A ‘CLARIFICATION’ is to be understood as a minor change to the INDEX METHODOLOGY documents that does not adjust/amend the methodology of the INDEXOpen p.9 ↗ |
A clarification is a minor documentation change that does not alter the index methodology, such as typos, layout changes, obvious-error corrections, or methodology-neutral external updates. |
| Clarification announcement policy | No announcement generally issued | Once the above steps have been performed, the respective INDEX METHODOLOGY documents will be updated. SOLACTIVE will generally not issue an announcement for a CLARIFICATION.Open p.10 ↗ |
Solactive generally does not issue an announcement for a clarification. |
| Non material change definition | A change that does not affect the core of the index methodology, or an update from existing methodology principles, minor improvements, adjustments or corrections without changing the overall concept or nature of the index. | A ‘NON-MATERIAL CHANGE’ is to be understood as a change not affecting the core of the INDEX METHODOLOGYOpen p.10 ↗ |
A non-material change does not affect the methodology core or overall index concept and includes minor improvements, adjustments, corrections, or applications of existing principles. |
| Significance thresholds | Weighting change non significant below percent: 5; Performance impact non significant below basis points per year: 5; Historical period years: 5 | A change in the total weightings of the components of less than 5% is generally considered non-significantOpen p.11 ↗ |
A weighting change below 5% is generally non-significant, and performance impact below 5 basis points per year over five historical years is generally non-significant. |
| Minimum consultation period | 4 weeks | The length of the consultation period and lead time provided for implementation will be typically no less than four weeks.Open p.11 ↗ |
For material changes to standard indices, the consultation period and implementation lead time are typically no less than four weeks, unless a shorter period is appropriate. |
| Implementation timing | Generally the next index selection date; immediate implementation is allowed in urgent cases. | The change may be implemented as of the next INDEX selection date. However, in urgent cases, immediate implementation may be necessary.Open p.11 ↗ |
Approved methodology changes may be implemented at the next index selection date, or immediately in urgent cases. |
| Compliance controls | Ex-post spot checks may be used; controls need not cover every newly approved index. | Compliance control is not expected to be performed for every new INDEX that is approved. As compliance control is focused on correct application of the NEW INDEX APPROVAL PROCESS, it will be sufficient for this to be in the form of ex-post spot checks.Open p.8 ↗ |
Compliance controls verify correct application of the new index approval process through methods such as ex-post spot checks rather than necessarily reviewing every new index. |
| Oversight body | Oversight Committee; Index Committee handles methodology-change decisions and approvals but not BMR/IOSCO oversight. | Oversight Committee: The OVERSIGHT COMMITTEE is, in accordance with requirements under the BMR and the IOSCO PRINCIPLES, responsible for the oversight of SOLACTIVE’S control framework, the oversight of all aspects of the provision of the INDICES.Open p.5 ↗ |
The Oversight Committee oversees Solactive's control framework and all aspects of index provision, while the Index Committee decides on and approves methodology changes. |
| Discretion points | Index Committee determines whether a proposed change is material or non-material, Index Committee may require additional information or an implementation-practicality assessment, Index Committee approves or rejects proposed methodology changes, Solactive may determine a shorter consultation period for time-sensitive material changes, Index Committee may shorten the standard notice period in specified circumstances, Index methodologies must describe situations where discretion may be exercised, such as extraordinary events | The INDEX COMMITTEE determines whether the change is a MATERIAL CHANGE as defined above. In case such determination is not possible, the proposed change shall be classified as a MATERIAL CHANGE.Open p.11 ↗ |
Discretion applies to change classification, information requests, approval decisions, consultation timing, shortened notice periods and extraordinary-event handling described in index methodologies. |
| Methodology review frequency | At least annually for the New Index Approval Process; regular methodology reviews are required, but no universal frequency is stated. | The process itself is initially approved and regularly reviewed (at least annually) by the OVERSIGHT COMMITTEE.Open p.4 ↗ |
The New Index Approval Process is reviewed at least annually, and index methodologies must include a process for regular review. |
| External review | For material changes, standard indices require a public market consultation; customized indices use targeted subscriber consultation, with a public consultation optional in certain cases. | In the event a MATERIAL CHANGE is considered, a market consultation will be conducted inviting market participants and other external parties to comment.Open p.11 ↗ |
Material changes to standard indices undergo public market consultation, while customized indices generally undergo targeted consultation and may require or permit broader consultation depending on impact. |
| Material change definition | A material change includes a change in index objective, or a methodology change altering the overall concept or nature of the index and affecting integrity and continued comparability, with expected significant impact on composition, weighting or level; uncertain classifications default to material. | A ‘MATERIAL CHANGE’ is considered in the following events: change in the objective of the INDEX (e.g., change in the market or economic reality that the Index is intended to represent;Open p.10 ↗ |
A material change changes the index objective or overall concept/nature, affects integrity and comparability, and is expected to significantly affect composition, weighting or index level; ambiguous changes are treated as material. |
| Change procedure | Submit a proposal with rationale and draft amendments to the Index Committee, Index Committee may request additional information or implementation assessment, Classify the change as non-material or material, Conduct consultation where required for material changes, Index Committee approves or rejects and the decision is documented, Announce approved changes according to the announcement procedure, Amend the index methodology documents and update change history, Implement generally on the next index selection date, or immediately in urgent cases | Any proposals for a methodology change are to be submitted to the INDEX COMMITTEE. Such proposals need to contain detailed information about the requirement of such change, including a justification as to why the amendment is necessary, as well as a draft of the amendmentsOpen p.11 ↗ |
Methodology changes are proposed with a justification and draft, assessed and classified by the Index Committee, consulted when required, decided, documented, announced, incorporated into methodology documents and implemented. |
| Consultation procedure | Standard indices: Public consultation published on Solactive's announcements webpage; standard-index subscribers are informed by email; Customized indices: Targeted consultation with subscribers by email; public consultation may be used if necessary; clients or third-party selectors may be consulted where affected; Contents: Detailed description of proposed changes, Draft index-guideline wording where applicable, Rationale or initial considerations, Specific questions, Contact details for feedback, Timetable for implementation; Feedback rule: Feedback is accepted only during the stated consultation period, and the Index Committee is not bound by feedback | The market consultation will be published on the SOLACTIVE website https://www.solactive.com/announcements and subscribers of SOLACTIVE STANDARD INDICES will be informed by email.Open p.11 ↗ |
Consultations describe the proposal and rationale, pose questions, provide contact details and a timetable, collect feedback within a fixed period, and the Index Committee makes the final decision without being bound by feedback. |
| Notice period | 10 trading days | Changes to the INDEX METHODOLOGY will generally be announced on the SOLACTIVE website https://www.solactive.com/announcements ten (10) INDEX calculation days prior to implementation.Open p.14 ↗ |
Methodology changes are generally announced 10 index calculation days before implementation, subject to shortening in specified cases. |
| Disclosure channels | Solactive website announcements page, Email to subscribers, Other communication channels for subscribers, Index guidelines published on the Solactive website where required | The INDEX MANAGEMENT TEAM will ensure the public, via announcement on the SOLACTIVE website, and subscribers, via email or other communication channels, are provided with detailed informationOpen p.14 ↗ |
Changes are published on Solactive's website and communicated to subscribers by email or other channels; required index guidelines are published on the website. |
Open points · 12Model-written, for reference
- 1No explicit precedence rule stating whether this Methodology Policy or a specific index methodology prevails was found.
- 2No separate external auditor or independent third-party review requirement was found; the supplied text covers market consultation and internal oversight.
- 3No index cessation policy or termination procedure was found.
- 4No complaints-handling procedure was found.
- 5No specific usage restrictions or licensing terms for index data were found.
- 6The supplied document is dated 31 August 2026, but it does not explicitly use the phrase 'effective date' for that date.
- 7Not coveredG2 Calculation and publication: not covered by this edition
- 8Not coveredG3 Prices and market data: not covered by this edition
- 9Not coveredG4 Corporate events: not covered by this edition
- 10Not coveredG5 Shares, free float and weight factors: not covered by this edition
- 11Not coveredG6 Disruption, emergencies and corrections: not covered by this edition
- 12Not coveredG7 Review and constituent changes: not covered by this edition
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