- BENCHMARK REPORT ERROR
BENCHMARK REPORT ERROR
In accordance with Principle 11 (Content of Methodology) of the International Organisation of Securities Commissions (“IOSCO”) Principles for Financial Benchmarks (“PFB”), a Benchmark Methodology should contain procedures for dealing with error reports, including the case for the revision of a Benchmark when applicable.
Consequently, recognising the importance of the robustness and transparency of financial benchmarks to the good-functioning of the financial markets, FMDQ Securities Exchange Limited (“FMDQ Exchange” or the “Exchange”), as the Administrator of the FMDQ Exchange Benchmarks, has established a Benchmark Error Policy drawing reference from prevailing international recommendations and best practices.
In line with the precepts of the BEP, FMDQ Exchange shall publish on its website on a quarterly basis, the incidences of errors.