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The FTSE ST Advisory Committee has approved the following changes to the Ground Rules of the FTSE ST Index Series. The change under section 4.1.3 will be implemented with immediate effect.
Previous Rule
4.1.3 For the purposes of the FTSE ST Index Series, where a security is listed on the SGX Main Board and is primary traded on the SGX trading system, that security will be considered Singaporean for the purposes of nationality and therefore eligible for the FTSE ST Index Series, subject to conforming to all other eligibility criteria.
New Rule
4.1.3 For the purposes of the FTSE ST Index Series, where a security is listed on the SGX Main Board, that security will be considered Singaporean for the purposes of nationality and therefore eligible for the FTSE ST Index Series, subject to conforming to all other eligibility criteria. Companies that are listed on the SGX Main Board, that have traded for one calendar year prior to the index review, will be excluded from the review universe if they have traded 20 trading days or less.
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