Regulatory Alerts2026-02-19
Regulation to amend Regulation 25-102 respecting Designated Benchmarks and Benchmark Administrators
This regulation amends Regulation 25-102 to require designated benchmark administrators and contributors to engage public accountants for reasonable assurance reports on controls. It replaces previous limited and reasonable assurance compliance reports with specific controls reports for non-critical, critical, interest rate, and commodity benchmarks. The amendment establishes detailed timelines for reporting periods, delivery to regulators, and publication, with an effective date of May 5, 2026.
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