- Index Committee
- Index Committee(hereinafter "Committee") was established on May 4, 1994 to screen the calculation and maintenance of underlying indices for futures or options trading.
- Matters to be reviewed
- Major decisions about calculation and maintenance of KTOP30, KOSPI200, KOSDAQ150, and KRX 300.
- Matters that KRX requests reviews regarding calculation and maintenance of indices other than those mentioned above.
- Composition of Committee
The Committee shall be composed of up to seven experts who may represent academia and the business community including professors, accountants, a representative of either an institutional investor or a securities-related organization, etc., as below
주의Members of the committee have affirmed that they do not have any conflicts of interest with KRX index administration by signing Ethics Pledge- An executive director of Index business of KRX
- Two full-time executives from institutional investors
- One accounting or legal specialist
- Up to four persons with knowledge and experience of securities and derivatives
- Tenure
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Two years (one-year term with a limit of two terms.)
- Appointment
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A member is appointed by the president of the Management Strategy division at KRX, among those who meet the requirements.
- Dismissal
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Once any grounds for disqualification apply to a member, he/she is immediately dismissed by the president of the Management Strategy division at KRX.
- Grounds for dismissal
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A person who violates his/her obligation to keep confidentiality and prevent corruption under KRX bylaws, or who has been subject to disciplinary action by his/her affiliation, or by a license provider when he/she is a licensed expert, over the last two years.