SP DJI Changes Canadian Index Rules
SP Dow Jones Indices updated eligibility rules for Canadian indexes to include foreign issuers with strong local ties. The change could allow the upcoming Anglo Teck merger to remain in the TSX Composite.
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S&P Dow Jones Indices altered eligibility criteria for Canada indices on Friday, paving the way for foreign-domiciled firms to join the benchmark. The regulatory shift opens index doors for major copper producer ANGLO AMERICAN PLC following its pending merger. The update removes the strict domestic incorporation requirement for Toronto listings with substantive local connections.
