- FTSE, FXI, SSE and SSE InfoNet have signed and promised to earnestly fulfill the memorandum of understanding on solving relevant long-standing issue.
- FTSE and FXI respect all SSE's rights and interests over its securities information and SSE InfoNet's relevant rights and interests resulting from the exclusive right to operate the SSE's securities information granted by the SSE, and defer to the judicial decision made by Chinese court on the case of dispute over license contract on securities information between FXI and SSE InfoNet.
- FTSE and FXI confirmed that from the day when the second instance of the case of dispute over license contract on securities information between FXI and SSE InfoNet took effect in 2007 till now, FXI has continuously used the SSE's market information without permission of the SSE and SSE InfoNet. In this respect, FXI has authorized FTSE to negotiate and sign agreements on economic compensation for previous use and license application for future use with the SSE and SSE InfoNet as soon as possible.
- FTSE and FXI promised to strictly observe the regulations of the SSE and SSE InfoNet on use of the SSE's securities information, including business rules, contracts and memorandums.
- FTSE will phase in the cooperation with the SSE and SSE InfoNet in the field of securities information including index, particularly the ETF cooperation project of listing of FTSE Global Equity Index Series on the SSE, in the principle of "mutual respect for mutual benefit in the future after learning lessons form the past". The SSE and SSE InfoNet will treat the operation rights, ownership and relevant rights and interests of the indices compiled by FTSE with due deference while FTSE promised that the operation of its indices would not infringe relevant rights and interests over the securities information enjoyed by the SSE and SSE InfoNet and FTSE would not break relevant stipulations made between them.
FTSE Mondo Visione Exchanges Index:
Joint Statement Of FTSE International Limited, FTSE Xinhua Index Limited, Shanghai Stock Exchange, SSE InfoNet On Long-standing Issue Of "FTSE Xinhua Index Limited"
Date 04/03/2010