Regulatory Alerts2021-07-13
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, or regulated-data types, establishing specific requirements and exemptions based on their market significance and data sources. It further details the procedures for applying for designation, the factors considered for critical status, and the processes for suspending, revoking, or amending designations to protect public interest.
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