Independent assessment
Commercial influence does not determine the benchmark
Benchmark decisions follow the applicable methodology, the individual specification and the available validated market evidence.
Benchmark governance
Independent prices require controlled decisions
DCA's governance framework supports the integrity of its benchmark activities through documented responsibilities, independent assessment, oversight and controlled procedures for changes, corrections, complaints and escalation.
At the centreBenchmark
integrityConsistent, documented and independent assessment
Methodology
Oversight
Controls
Escalation
integrityConsistent, documented and independent assessment
The control framework
Clear responsibilities around every published benchmark
The General Methodology sets the common framework. Individual specifications define what each benchmark measures, while governance procedures control how assessments, changes and exceptions are handled.
Documented oversight
Responsibilities and decision rights are defined
Oversight supports consistent application of the methodology and provides a route for review when an issue requires additional scrutiny.
Controlled procedures
Changes, corrections and complaints follow a process
Material matters are documented and handled through the applicable review, approval, communication and escalation procedures.
Review and escalation
A clear route when a benchmark decision needs attention
A question, potential error or formal complaint enters a controlled review. The precise handling depends on the matter and the applicable governance procedure.
Raise a matter with the PRA team
Governance documentation
Follow the authoritative benchmark documentation
Governance works together with DCA's methodology, individual benchmark specifications, IOSCO information and formal announcements. These sources explain the applicable framework and current benchmark rules.
Governance in practice
Direct answers to your questions.
DCA can first establish which benchmark, procedure or contribution route is relevant to your question.
How does DCA protect independent benchmark assessment?
DCA applies defined methodologies, validation procedures, documented responsibilities and escalation routes so commercial interests do not determine the published benchmark.
How are corrections handled?
Potential errors are reviewed against the applicable methodology and publication controls. Material corrections are handled and communicated through the relevant procedure.
How can a concern or complaint be raised?
Contact the PRA team with the benchmark, issue and supporting information. The matter is then routed through the applicable review or complaints procedure.
Where are methodology changes published?
Current methodology, benchmark specifications and relevant announcements are available through the benchmark section of this website.