May 15, 2020 — Nasdaq (Nasdaq: NDAQ) today announced that a number of changes in the Industry Classification Benchmark (ICB) standard will be implemented on July 13, 2020. The ICB is a globally recognized standard operated and managed by FTSE Russell for labelling companies and securities across four levels of categorization – and is used across the Nasdaq Nordic & Baltic Main Markets and Nasdaq First North.
The key changes to the ICB standard include:
The new ICB standard includes 11 Industries, 20 Supersectors, 45 Sectors and 173 Subsectors. Each company is included in the subsector that best represents the nature of its business, which primarily is determined by its primary source of revenue and other publicly available information.
Further information about the ICB standard and the updates can be found here: https://www.ftserussell.com/data/industry-classification-benchmark-icb
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