Index Regulations

On 5 March 2018, MSCI Limited (located and registered at Ten Bishops Square, 9th Floor, London E1 6EG, UK) was granted authorization by the UK’s Financial Conduct Authority (“FCA”) as a UK benchmark administrator. Initially, the authorization covered MSCI equity and blended indexes. On 13 June 2019, MSCI notified the FCA in relation to specific UK MSCI Private Real Estate Indexes used as regulated benchmarks under the BMR. On 16 December 2019, MSCI notified the FCA in relation to the MSCI fixed income indexes.

MSCI Limited is listed on the FCA Financial Services Register. The list of MSCI indexes covered by MSCI’s authorization with the UK’s Financial Conduct Authority (“FCA”) as a UK benchmark administrator can be found as described below.

For information on MSCI Limited’s authorization with the FCA, MSCI’s benchmark families and benchmark statements, relevant compliance statements and the indexes covered by MSCI’s authorization, please see:

• Information related to MSCI Limited's authorization
   
• Benchmark Statements
  • MSCI equity benchmark family - benchmark statement
  • MSCI blended benchmark family - benchmark statement
  • MSCI fixed income family - benchmark statement
  • MSCI property benchmark family - benchmark statement
  • MSCI property fund (with published NAVs) benchmark family - benchmark statement
  • MSCI Real Estate - BMR Benchmarks Methodology Specifications


• ESG Disclosures
  • The ESG disclosures for indexes are provided as per the amended EU BMR (based on the Commission Delegated Regulation (EU) 2020/1816 of 17 July 2020) and the UK BMR.
  • ESG factors in the benchmark statement are available through the MSCI Index Profile Tool for all of the MSCI Indexes in the MSCI equity benchmark family, MSCI blended benchmark family and MSCI fixed income benchmark family.
  • ESG factors in the methodology can be accessed together with the methodology documents governing a specific MSCI Index for the MSCI equity benchmark family, MSCI blended benchmark family and MSCI fixed income benchmark family.
   
• List of Benchmarks
  • The list of MSCI indexes in the MSCI equity benchmark family and MSCI blended benchmark family are available to clients on MSCI’s client support site. 
  • The list of MSCI Private Real Estate Indexes in the MSCI property benchmark family and the MSCI Property fund (with published NAV) benchmark family can be found in the “MSCI Real Estate – BMR Benchmarks Methodology Specifications” above.
   
• Brexit

  All non-EU benchmarks are permitted to be used in the EU until the end of the EU BMR transitional period, currently 31 December 2023. During this time, MSCI will execute on its post Brexit plans well in advance of the deadline.

• ESMA Register

  Prior to the expiration of the Brexit transition period on December 31, 2020, MSCI Limited was found on both the FCA’s register and on ESMA’s register for benchmark administrators. Pursuant to ESMA's notice on 9 March 2021, as of the date of the expiration of the Brexit transition period, UK administrators (including MSCI Limited) have been removed from the ESMA register and become third country administrators in the EU. However, during the EU BMR transitional period (as defined in EU BMR Article 51) EU supervised entities can use third country benchmarks even if they are not included in the ESMA register. This EU BMR transitional period for all non-EU administrators continues until 31 December 2023. Non-EU administrators will need to be permissioned into the EU under the EU BMR from 1 January 2024. The EU BMR transitional period will allow MSCI to execute its Brexit plans. This does not affect MSCI’s authorization with the UK FCA as a UK administrator, and MSCI will continue to appear on the UK Financial Services Register.