Regulatory Alerts2021-04-29
Regulation 25-102 respecting Designated Benchmarks and Benchmark Administrators
The securities regulatory authority in Québec issued Regulation 25-102 to establish comprehensive governance, oversight, and reporting requirements for designated benchmark administrators. The regulation mandates the creation of accountability frameworks, the appointment of compliance officers, and the formation of independent oversight committees to ensure the integrity of designated benchmarks. It further imposes strict delivery obligations for organizational information, financial statements, and benchmark methodology details to the regulator, while requiring foreign administrators to submit to local jurisdiction and appoint agents for service of process.
Share