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CCData is committed to administering its benchmarks in accordance with the IOSCO Principles and other relevant industry standards and has taken proactive steps in response to developing industry and regulatory standards on financial benchmarks.
The Board of the International Organization of Securities Commissions (“IOSCO”) published its final report entitled “Principles for Financial Benchmarks” on 17 July 2013 (the “Final Report”). The objective of the Final Report is to create an overarching framework of principles for benchmarks used in financial markets. The Final Report sets out nineteen principles (the “IOSCO Principles”) which can be viewed as a set of recommended practices to be implemented by administrators of, and submitters to, financial benchmarks. IOSCO has recommended that administrators of benchmarks publicly disclose the extent of their compliance with the IOSCO Principles on an annual basis.
This compliance statement is provided by CC Data Limited (CC Data) which is the benchmark administrator for the Crypto Coin Comparison Aggregated Index, which is a proprietary family of benchmarks for pricing digital assets (“Benchmarks”). Where the indices are owned or administered by it, CC Data serves as an Administrator as described within the IOSCO Principles.
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