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Index Policies and Regulations


The Index Operations Department of Nomura Securities Co., Ltd. (NSC) was transferred to Nomura Fiduciary Research & Consulting Co., Ltd. (NFRC) on February 1, 2023.

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Policies with regard to NFRC's indices

Index Governance Framework (Terms of Reference)
Conflicts of Interest Policy
Index Calculation Policy
Complaints Handling Policy
Glossary moved to front page

In Compliance with the Principles for Financial Benchmarks published by the International Organization of Securities Commissions

[December 28, 2023] Statement of Compliance with the IOSCO Principles for Financial Benchmarks


Reports issued prior to September 30, 2019 do not reflect the current consumption tax rate.
Please see Disclaimer as reports issued prior to January 31, 2023 do not reflect the Disclaimer of Nomura Fiduciary Research & Consulting Co., Ltd. (NFRC).
Any information on our Web Pages may be changed without prior notification. NFRC does not guarantee the accuracy of the information on our Web Pages, and is not liable for any loss or damage, arising from the use of the information.

Nomura Fiduciary Research & Consulting Co., Ltd.
Registered Financial Instruments Firm Registration Number : Director of Kanto Local Finance Bureau No.451
Association in which a Member: Japan Investment Advisers Association