S&P Dow Jones Indices, a leading provider of financial market indices, is set to consult on the impact of Russian sanctions on its indices.
The consultation is looking at which indices hold only Russian securities and whether or not sanctioned securities should be removed.
The index provider is also debating how long a notice period should be given if the securities were to be removed.
Also under consideration is how to treat sanctioned securities that appear on different sanction lists from the US and European countries.
The review comes as the US Treasury, in response to the current Ukraine crisis, has announced another handful of sanctions on Russian securities.
In a statement, the index provider said: “While S&P Dow Jones Indices believes that its indices are not directly impacted by these actions, we do recognise that some licensees may be required to divest holdings of sanctioned companies.”
The consultation was launched on July 31 and will close on August 15.
