Announcement of a Consultation on Changes to the Methodology for Certain Benchmarks within the CF Digital Asset Category Index

The Administrator announces that it is launching a consultation on proposed changes to the CF Digital Asset Category Index Methodology. The Administrator proposes changes relating only to the sections of the Methodology below:

• Section 2.1 – Index Aims
• Section 4.1 – Index Parameter Table (only applicable to Smart Contracts Platform Indices, all variants)

A table outlining proposed changes follows.

Likely Impacts

The proposed methodology changes mean that product providers that replicate or utilize the CF Smart Contract Platforms Indices (both Spot Rates and Settlement Prices) may need to factor these changes into their processes and products when transacting in instruments that are linked to Spot Rates and Settlement Prices of the CF Smart Contract Platforms Index. The financial value of contracts, instruments and funds that directly reference or are settled using these indices may be impacted by the proposed changes.

Implementation Timeline

The Administrator proposes to implement the proposed changes to the CF Digital Asset Category Index Methodology at 1100 London time on May 16th, 2023, meaning that constituents of CF Smart Contract Platforms Indices (all variants) will be selected using the new parameters outlined above from that date forward.

Consultation Process

The consultation will begin on April 28th, 2023, ending on May 12th, 2023 at 1600 London Time. All responses will be treated confidentially in accordance with the Administrator’s policies and procedures, and will be overseen by the CF Oversight Function, in accordance with UK BMR.

In case of any questions or queries please do not hesitate to contact [email protected].

Any users wishing to file a complaint regarding this consulation process can do so confidentially by writing to [email protected].