Regulatory Alerts2026-04-30
Regulation to amend Regulation 25-102 respecting Designated Benchmarks and Benchmark Administrators
The Minister of Finance approved a regulation amending Quebec's Regulation 25-102 to replace limited and reasonable assurance reports on compliance with reasonable assurance reports on controls for designated benchmark administrators. The amendment mandates that administrators engage public accountants to verify compliance with regulatory sections and adherence to benchmark methodologies, with specific reporting timelines for general, critical, interest rate, and commodity benchmarks. Transition provisions establish specific effective dates and reporting deadlines for existing designated interest rate benchmarks without contributors to align with the new requirements.
Share