| Field | Value | Source text | Reading (model) |
|---|---|---|---|
| G1 Scope, precedence and principles · 6 fields | |||
| Index duration principle | Indices are generally intended to be available for an indefinite period rather than established for a specific period. | In principle, an Index is not set up for a specific period of time but should be available for an indefinite period of time.Open p.3 ↗ |
An index is generally not established for a specific period and should remain available indefinitely. |
| Covered indices | All BMR-administered indices or indices provided by Solactive in accordance with the IOSCO Principles globally; the rules also apply in principle to indices offered by Solactive but not BMR-administered or IOSCO-provided. | This policy applies globally to all BMR Administered Indices or Indices provided by Solactive in accordance with the IOSCO Principles. The rules contained in this policy apply in principle also to Indices offered by Solactive, but not administered in accordance with the BMR or provided in accordance with the IOSCO Principles.Open p.3 ↗ |
The termination policy applies globally to BMR-administered or IOSCO Principles indices provided by Solactive, and in principle also to other indices offered by Solactive. |
| Principles | Each index has a predefined objective describing the market or economic reality it intends to measure., Solactive seeks to maintain and continue an index through a methodology change whenever feasible if its objective can no longer be achieved., An index is terminated only when discontinuation is absolutely necessary and unavoidable. | Each Index has a predefined objective that describes the underlying market or economic reality the relevant Index intends to measure. If the market situation with respect to the Index changes to such an extent that the objective of the relevant Index can no longer be achieved, Solactive will nevertheless seek to maintain and continue the Index by means of a change to the methodology of such Index whenever and wherever it is feasible.Open p.3 ↗ |
Solactive seeks to maintain each index where feasible and terminates it only when discontinuation is absolutely necessary and unavoidable. |
| Administrator | Solactive AG | Solactive AG German Index Engineering Platz der Einheit 1 60327 Frankfurt am Main GermanyOpen p.7 ↗ |
The policy is issued by Solactive AG. |
| Rulebook version | 1.3 | 19 March 2026Open p.1 ↗ |
The document version is 1.3. |
| Effective date | 2026-03-19 | 19 March 2026Open p.1 ↗ |
Version 1.3 is dated 19 March 2026. |
| G8 Governance, changes and termination · 9 fields | |||
| Licensed index definition not provided | The policy distinguishes Licensed Indices from non-Licensed Indices but does not define the term in the provided sections. | o verify with the Client Services Team whether the Index is a Licensed Index; o start a consultation process with the relevant stakeholder or subscribers in the case of a Licensed Index;Open p.4 ↗ |
The procedure depends on whether an index is a Licensed Index, but the provided text does not define that term. |
| Record retention | Termination decisions and reasons are documented and retained in accordance with Solactive's Record Keeping Policy. | The decision, including the reasons for the termination of the Index, will be documented, and the documentation will be retained in accordance with Solactive’s Record Keeping Policy.Open p.4 ↗ |
Solactive documents the termination decision and reasons and retains the documentation under its Record Keeping Policy. |
| Oversight body | Index Committee | Any department of Solactive (including the Index Committee) can identify the necessity to terminate an Index.Open p.4 ↗ |
The Index Committee may be involved in index termination decisions for licensed indices, while any Solactive department including the Index Committee may identify the need for termination. |
| Discretion points | Solactive may decide whether to make available a summary of stakeholder comments after a consultation., Solactive may terminate a non-licensed index with a shorter notice period., Solactive may give licensed indices shorter notice than 30 days when reliant on an external data provider unable to deliver data. | However, this period may be shorter if Solactive is reliant on an external Data Provider who is no longer able to deliver the relevant data. o In the case the Index is not a Licensed Index, Solactive may terminate the Index with a shorter notice period.Open p.4 ↗ |
Solactive has discretion over publication of stakeholder-comment summaries and shorter notice for non-licensed indices or licensed indices affected by external data-provider failure. |
| Consultation procedure | For a licensed index, the Index Management Team starts a consultation process with the relevant stakeholder or subscribers. | The Index Management Team will then: o consider the suggestion to terminate the Index; o verify with the Client Services Team whether the Index is a Licensed Index; o start a consultation process with the relevant stakeholder or subscribers in the case of a Licensed Index; and o propose (if the case may be) to the Index Committee the termination of the Index (providing all relevant information).Open p.4 ↗ |
Index Management consults the relevant stakeholders or subscribers before termination when the index is a licensed index. |
| Notice period | 30 calendar days | will terminate the Index with a notice period of at least 30 days in advance in order to provide sufficient time for adjusting any financial instrument linked to the Index (if required). However, this period may be shorter if Solactive is reliant on an external Data Provider who is no longer able to deliver the relevant data.Open p.4 ↗ |
A licensed index is terminated with at least 30 days' advance notice, unless external data-provider failure permits a shorter period; non-licensed indices may receive shorter notice. |
| Cessation policy | Policy: Termination occurs only when discontinuation is absolutely necessary and unavoidable; Solactive first seeks a methodology change where feasible; Circumstances: The data provider no longer provides data or other required information in the form, quality or frequency needed to determine or rebalance the index., Insufficient clients use the index and/or revenues linked to the index are insufficient., Legal or regulatory changes occur., Geopolitical events occur., A significant market-infrastructure change affects use of the index in financial instruments and hedging., Methodology convergence or low usage affects the index., Any other event makes the index no longer representative of its intended scope., Other reasons independent of the index, including economic reasons, may justify termination | Nevertheless, there might also be reasons for terminating the Index that are based on reasons independent of the Index, including, but not limited to, economic reasons. Solactive will terminate an Index only in the event that the discontinuation of the relevant Index is absolutely necessary and unavoidable.Open p.3 ↗ |
An index may be terminated only when discontinuation is absolutely necessary and unavoidable, including for data, client usage, revenue, legal, regulatory, geopolitical, market-infrastructure, convergence, representativeness, or economic reasons. |
| Termination procedure | Any Solactive department, including the Index Committee, may identify the need to terminate an index., The identifying department informs the relevant Index Management Team., Index Management considers the suggestion and verifies with Client Services whether the index is a licensed index., For a licensed index, Index Management starts a consultation with relevant stakeholders or subscribers and, if applicable, proposes termination to the Index Committee with all relevant information., Index Committee involvement is not required for an index that is not a licensed index at termination., If requested, the Index Committee decides on termination and confirms the decision to Index Management., For licensed indices, Index Management informs stakeholders or subscribers and terminates with at least 30 days' notice, subject to a shorter period where an external data provider cannot deliver data., For non-licensed indices, Solactive may terminate with shorter notice., Solactive announces the termination on its website and may publish a summary of stakeholder comments at its sole discretion., The decision and reasons are documented and retained under Solactive's Record Keeping Policy. | Any department of Solactive (including the Index Committee) can identify the necessity to terminate an Index. In the event such necessity to terminate an Index has been identified, Solactive will perform the following steps:Open p.4 ↗ |
Termination may be identified by any department, assessed by Index Management, consulted for licensed indices, decided by the Index Committee where requested, announced to stakeholders and on the website, documented, and retained. |
| Disclosure channels | Solactive website, Direct notice to relevant stakeholders or subscribers for licensed indices | The Index Management Team will inform the relevant stakeholder or subscribers about the termination; andOpen p.4 ↗ |
Terminations are announced on Solactive's website and, for licensed indices, communicated to relevant stakeholders or subscribers. |
Open points · 16Model-written, for reference
- 1No statement found on how this termination policy prevails over or supplements an individual index methodology.
- 2No definition of guiding principles such as representativeness, investability, or transparency beyond termination-specific principles.
- 3No methodology review frequency stated.
- 4No external review procedure beyond stakeholder or subscriber consultation for licensed indices.
- 5No definition of material change stated.
- 6No general methodology change procedure stated beyond seeking a methodology change where feasible.
- 7No complaints procedure found.
- 8No usage restrictions found.
- 9The 30-day notice period is not expressly labelled calendar days, business days, or trading days; it was recorded as calendar days because no business/trading qualifier appears.
- 10The term Licensed Index is used but not defined.
- 11Not coveredG2 Calculation and publication: not covered by this edition
- 12Not coveredG3 Prices and market data: not covered by this edition
- 13Not coveredG4 Corporate events: not covered by this edition
- 14Not coveredG5 Shares, free float and weight factors: not covered by this edition
- 15Not coveredG6 Disruption, emergencies and corrections: not covered by this edition
- 16Not coveredG7 Review and constituent changes: not covered by this edition
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