Regulatory Alerts2023-09-27
Policy Statement to Regulation 25-102 respecting Designated Benchmarks and Benchmark Administrators
The Canadian Securities Administrators issued this policy statement to provide guidance on the interpretation of Regulation 25-102 regarding the designation and oversight of benchmarks and benchmark administrators. The document outlines the criteria and procedures for designating benchmarks as critical, interest rate, regulated-data, or commodity categories, while also detailing the processes for suspending, revoking, or amending such designations. It further clarifies key definitions, including the scope of input data, expert judgment, and the specific requirements for front office employees and assurance reports.
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