Regulatory Alerts2021-04-29
CSA Notice of Consultation: Draft Regulation to Amend Regulation 25-102 Respecting Designated Benchmarks and Benchmark Administrators
The Canadian Securities Administrators have published draft amendments to Regulation 25-102 to establish a comprehensive regulatory regime for commodity benchmarks and their administrators. These changes aim to align Canadian standards with international best practices, specifically the IOSCO Principles and the EU Benchmarks Regulation, to ensure market integrity and protect investors. The proposed framework allows for the designation of commodity benchmarks and imposes specific governance, reporting, and control requirements on administrators to mitigate risks of manipulation and enhance reliability.
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