FTSE Russell:Written question - 167172

Asked by Bill Wiggin
(North Herefordshire)
Asked on: 23 July 2018
FTSE Russell
To ask the Chancellor of the Exchequer, whether he has discussed with the London Stock Exchange the amount of discretion that its subsidiary FTSE-Russell has over decisions on constituents of the FTSE 100; and if he will make a statement.
Answered by: John Glen
Answered on: 10 September 2018

Criteria for inclusion within an index are a matter for the benchmark administrator, rather than for the government or regulator. It is therefore FTSE Russell’s decision as a private company and not for HM Treasury to comment on an ongoing decision. FTSE’s methodology is made publicly available at (http://www.ftse.com/products/downloads/FTSE_UK_Index_Series.pdf) and discretion is available within this framework.

Treasury Ministers and officials have meetings with a wide variety of organisations in the public and private sectors, including the London Stock Exchange, as part of the process of policy development and delivery. Details of ministerial and permanent secretary meetings with external organisations on departmental business are published on a quarterly basis and are available at: https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-giftsand-overseas-travel

Grouped Questions: 167165 | 167171 | 167177

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