Regulatory Alerts2021-07-08
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 of benchmarks and benchmark administrators. The document outlines the criteria and procedures for designating benchmarks as critical, interest rate, or regulated-data categories, while defining key terms such as expert judgment and input data. It further details the processes for applying for, changing, suspending, or revoking designations, emphasizing public interest grounds and procedural fairness for affected administrators.
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