Regulatory Alerts2024-10-10
Regulation to amend Regulation 25-102 respecting Designated Benchmarks and Benchmark Administrators
The Minister of Finance approved the Autorité des marchés financiers' regulation amending Regulation 25-102 to establish new criteria for designating benchmarks in Québec. The amendment introduces specific definitions and conditions for critical, regulated-data, interest rate, and commodity benchmarks, ensuring they meet rigorous standards for market integrity and financial stability. These changes empower the securities regulatory authority to designate benchmarks based on their significance, reliability, and potential impact on the economy if they cease to function.
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