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In July 2013, the International Organization of Securities Commissions ("IOSCO") published the Principles for Financial Benchmarks to promote the reliability of Benchmark determinations, and address Benchmark governance, quality and accountability mechanisms. In accordance with these Principles, Nasdaq has prepared an adherence statement supported by a reasonable assurance examination performed by an independent accounting firm.
Thank you for your interest in the Nasdaq Inc.’s [Report] (“Report”) on Nasdaq’s adherence to the criteria of the Principles for Financial Benchmarks Final Report published by the Board of the International Organization of Securities Commissions dated July 2013 (“IOSCO Principles”) and available at https://www.iosco.org/library/pubdocs/pdf/IOSCOPD415.pdf. This Report is being provided solely for use and information of Nasdaq, Inc. (“Nasdaq”), users and prospective users of Nasdaq indices, entities providing services to such users, regulators and others who have sufficient knowledge and understanding of: the nature of the services provided by Nasdaq; internal control and limitations, criteria of the IOSCO Principles, and the risks that may threaten the achievement of the criterial of the ISOCO Principles and how the Nasdaq controls address such risks. The Report is not intended for use by any other persons.
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Adherence to the IOSCO Principles Benchmark is voluntary. The Principles suggest that each Benchmark Administrator use proportionality in implementing the Principles. Accordingly, the Report and Nasdaq’s adherence with the Principles reflect Nasdaq’s interpretation of the Principles based on its experience and index operations in relation to the principle of proportionality.
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There are no third-party beneficiaries of these terms other than Corporations. Terms used herein and not otherwise defined have the meanings assigned to them in the Principles. These terms may be updated from time to time. These terms were last updated on June 4, 2021.
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