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That's not S&P -- that's FTSE Russell [1]: > For existing constituents, the rule will apply with effect from September 2022, thus affording a five year grandfa
by andrewla 6y ago
That's not S&P -- that's FTSE Russell [1]:
> For existing constituents, the rule will apply with effect from September 2022, thus affording a five year grandfathering period to allow constituent companies to change their capital structure if they so wish.
From my reading, S&P has not yet announced a similar policy.
[1] https://research.ftserussell.com/products/downloads/FTSE_Russell_Voting_Rights_Consultation_Next_Steps.pdf https://research.ftserussell.com/products/downloads/FTSE_Rus...