Benchmark GOVERNANCE & Regulation

The 2013 IOSCO Principles’ create an overarching framework of principles for financial benchmarks. Scientific Infra & Private Assets (SIPA) adheres to the International Organization of Securities Commissions Principles for Financial Benchmarks on a voluntarily basis.  Coming from an academic background and favouring a scientific approach to benchmark construction, SIPA applies IOSCO principles in its index methodologies. A transparent high-quality indices with strong governance and controls are paramount for this.  In 2022, SIPA became a registered benchmark administrator under the EU Benchmarks Regulation (BMR), which is based on IOSCO Principles.

Index Oversight Committee

The Index Oversight Committee oversees and reviews actions relating to the regulated benchmarks, helping to promote the integrity of all aspects of the provision of the benchmarks administered by the Company.

  • Chairman: Xavier Gendre

  • Voting members: Edward Grossi, Moataz Farid

Index Review Committee

The Index Review Committee is responsible for interpreting index methodologies in exceptional cases when discretion is required in the application of the Index determination and calculation rules in the Company.

  • Chairman: Abhishek Gupta

  • Voting members: Jack Lee, Srinivasan Selvam; Non-voting members: Tim Whittaker

Research and Index Offering Committee

The Research and Index Offering Committee is the decision-making authority in matters of methodologies for new offering and changes to existing methodologies and cessation of existing benchmarks in the Company.

  • Chairman: Tim Whittaker

  • Voting members: Fabrice Lee Choon, Jianyong Shen

  • Non-voting members: Abhishek Gupta

EU Benchmarks Regulation

The Regulation (EU) 2016/1011, entered into force on 30 June 2016 and since 1 January 2018, its provisions apply and affects both EU and non-EU entities that administer indices that are used in the EU as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds. This Regulation aims to "ensure the accuracy and integrity of indices used as benchmarks in financial instruments and financial contracts, or to measure the performance of investment funds in the Union."

In compliance with EU Benchmark Regulation (BMR), Scientific Infra Pte. Ltd., the benchmark administrator for the EDHECinfra indices, establishes governance, processes, and controls for the calculation and reporting of its benchmarks.

On 20 September 2022, Scientific Infra Pte. Ltd. acquired Recognition by the European Securities and Markets Association (ESMA) as a third-country administrator in accordance with Article 32 of the EU BMR. The benchmarks provided by Scientific Infra Pte. Ltd. that acquired Recognition by ESMA are listed and maintained in the Register (ESMA Registers (europa.eu)) under Article 36 of the EU BMR.

Benchmark Statements

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infra300 and infra100 unlisted equity indices

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infraDebt100 private debt  indices

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InfraGreen index family

Index Documentation

infraMetrics index calculation and construction methodologies are available here.

Index Governance & Policies

infraMetrics indices are governed by state-of-the-art rules and committees in accordance with IOSCO principles and guidance.

  • Index Methodology Change and Consultation Policy - Download
  • Complaint Policy - Download
  • Index Recalculation Policy - Download
  • Index Termination Policy - Download
  • Outsourcing Management Framework and Policy - Download
  • Trading Halt and Market Disruption Policy - Download

  • Whistle Blowing Policy - Download