Regulatory Alerts2024-05-23
Regulation to amend Regulation 25-102 respecting Designated Benchmarks and Benchmark Administrators
The securities regulatory authority in Québec amends Regulation 25-102 to establish specific criteria for designating benchmarks as critical, regulated-data, interest rate, or commodity benchmarks. These amendments define the conditions under which a benchmark may be designated based on its market significance, lack of substitutes, potential adverse impacts on financial stability, or the nature of its underlying data sources. The regulation also grants the authority discretionary power to designate any benchmark deemed sufficiently important to financial markets or posing significant risk to users or the public.
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