S&P Dow Jones Indices announced it is updating the sanctions policy within its Fixed Income Policies & Practices Methodology, with the changes set to be implemented after the market close on November 6, 2025. The firm reviews sanctions on a case-by-case basis, generally from the perspective of a U.S., U.K., or E.U. investor for its standard global indices. Under the updated policy, specific securities or entire countries impacted by sanctions could be deleted from indices, become ineligible for future inclusion, or have their current shares frozen for the duration of the sanctions. S&P DJI will announce its specific treatment of securities to clients when new sanctions that affect the indices are imposed or removed.