Professionals

32. What conditions must a selection of indexes fulfil?

A selection of indexes is considered, for the purposes of the moratorium, as an accessible underlying of the derivative component under the following (cumulative) conditions:

  • the indexes that make up the selection must be securities indexes that have sufficient renown, track record and transparency, and that serve as benchmarks;
  • they must comply, by analogy, with the provisions included in the moratorium regarding the selection of individual shares.