SSE has formulated the Measures of Shanghai Shipping Exchange for Termination of Indices, which stipulates that termination will be considered only when any of the following circumstances occurs: (1) there lacks data sources for index calculation, or the quality of available data sources is not high enough to support stable and accurate index calculation; (2) the index cannot reflect market reality due to any significant changes in market structure and other reasons; (3) there lacks sufficient samples; (4) any regular index review suggests the termination of the index; or (5) any applicable laws or regulations require the termination of the index or any other reasons. As long as it is feasible, SSE should announce the termination of the index on its official website at least three months in advance and state the background and schedule for the termination. After the announcement, SSE should continue the daily maintenance, calculation, and publication of the index until the termination date.
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