Regulatory Alerts2026-04-30
Changes to Policy Statement to Regulation 25-102 Respecting Designated Benchmarks and Benchmark Administrators
Regulatory authorities have amended the Policy Statement to Regulation 25-102 to replace references to limited assurance reports with requirements for reasonable assurance reports on controls. The update clarifies the definitions, applicable periods, and specific timing schedules for first and subsequent assurance reports based on benchmark type, such as critical, interest rate, and commodity benchmarks. Additionally, the changes refine publication requirements and remove obsolete provisions regarding assurance reports for designated benchmark administrators.
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