Benchmark GOVERNANCE & Regulation
Our Role as a Benchmark Administrator
SIPA has demonstrated a commitment to high standards of benchmark administration through its adoption of IOSCO principles and compliance with the EU benchmark regulation. Here we outline SIPA's regulatory status as a benchmark administrator under the EU benchmark regulation ("EU BMR").
SIPA Pte Ltd secured authorization from ESMA as an EU benchmark administrator for SIPA infra300 and infra100 unlisted equity indices, infraDebt100 private debt indices, and InfraGreen index on 20 Septmber 2022. Subsequently, SIPA expanded its regulated benchmark coverage to privateMetrics. SIPA operates as an EU regulated benchmark administrator, authorized under Article 32 of the EU BMR and listed on the ESMA register.
Under Article 6.5 of the EU BMR, SIPA clients may request access to the SIPA BMR Control Framework by request.
Benchmark Statements
- SIPA infra300 and infra100 unlisted equity indices- benchmark statement
- SIPA infraDebt100 private debt indices - benchmark statement
- SIPA InfraGreen index family - benchmark statement
- SIPA privateMetrics index family – benchmark statement
ESG Disclosures
- ESG disclosures for indexes follow the amended EU BMR (based on Commission Delegated Regulation (EU) 2020/1816 of July 17, 2020) requirements.
- ESG factors in benchmark statements, where relevant, are accessible through the individual benchmark statements.
- ESG factors in methodologies can be found alongside the methodology documents governing specific SIPA indexes within the respective benchmark families.
List of Benchmarks
- The comprehensive list of SIPA indexes within the infra300, infra100, infraDebt100, InfraGreen, and privateMetrics index benchmark families eligible under EU BMR is available to clients upon request.
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