Regulatory Alerts2026-05-05
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 and oversight of benchmarks and benchmark administrators. The document outlines the criteria for designating benchmarks as critical, interest rate, regulated-data, or commodity categories, detailing the specific requirements and exemptions applicable to each classification. It further clarifies definitions for key terms such as expert judgment and input data, while establishing procedures for the application, suspension, revocation, and amendment of designations based on public interest grounds.
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