Regulatory Alerts2024-05-30
Amendments to Policy Statement to Regulation 25-102 respecting Designated Benchmarks and Benchmark Administrators
The Canadian Securities Administrators issued amendments to the Policy Statement accompanying Regulation 25-102 to clarify definitions and assurance requirements for designated benchmark administrators. The changes replace references to limited assurance reports with reasonable assurance reports on controls and define the applicable standards and independence requirements for public accountants preparing these reports. Additionally, the amendments clarify the meaning of specific regulatory timeframes and remove obsolete items regarding assurance reports on designated benchmark administrators.
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