Regulatory Alerts2021-04-29
Draft Amendments to Policy Statement to Regulation 25-102 respecting Designated Benchmarks and Benchmark Administrators
The Canadian Securities Administrators issued draft amendments to Policy Statement 25-102 to formally incorporate designated commodity benchmarks into the regulatory framework for designated benchmarks and benchmark administrators. These changes establish new requirements under Part 8.1 of the Regulation, including specific definitions, dual designation rules for critical and regulated-data benchmarks, and tailored exemptions for commodity benchmark administrators. The policy provides detailed guidance on methodology, input data integrity, transparency, governance, and assurance reporting to ensure the accuracy and reliability of commodity benchmarks.
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