Glen Renfrew, the CEO at that time, was persuaded to veto the idea of unique RIC Roots.
Much of Skeete’s original work is still contained within today’s RIC structure, but some key elements have changed over the years.
RIC codes use "artificial" tickers for common indexes and money market instruments.
This confusion seems to be the result of Refinitiv attempting to merge the standards used by the wide variety of services they purchased in the 1980s and 90s.
In summary, the proposal involves Thomson Reuters agreeing to offer its customers specific licence rights to continue to use its RICs in applications with data from an alternative real time consolidated data feed provider to which they have moved.