Regulatory Alerts2019-03-14
Draft Regulation 25-102 respecting Designated Benchmarks and Benchmark Administrators
Canadian securities regulators issued this draft regulation to establish comprehensive governance and oversight requirements for designated benchmark administrators. The rule mandates strict board independence, the appointment of compliance officers and oversight committees, and rigorous accountability frameworks to ensure benchmark integrity. It further imposes detailed delivery obligations for organizational information, financial statements, and benchmark methodologies to regulatory authorities.
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