CODE OF CONDUCT FOR INDEX PROVIDERS

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..... t of its business. 2. An Index Provider shall fulfil its obligations in a prompt, ethical and professional manner. 3. An Index Provider shall at all times exercise due diligence, ensure proper care and exercise independent professional judgement in order to achieve and maintain objectivity and independence in the Index or Benchmark determination process. 4. An Index Provider shall have a reasonabl .....

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..... ty to make a fair, objective and unbiased determination of Indices or Benchmarks. Further it shall ensure that no conflict of interest exists between any member of its oversight committee and that of its client. 9. An Index Provider shall not make any untrue statement, suppress any material fact or make any misrepresentation in any document, report, paper or information furnished to the Board, cli .....

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..... rovider shall provide adequate freedom and powers to its compliance officer for the effective discharge of his duties. 14. An Index Provider shall ensure that good corporate policies and corporate governance are in place. 15. An Index Provider shall not, generally and particularly in respect of administration of Index or Benchmark, be party to or instrumental for (a) creation of a false market; (b .....

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