Regulatory Alerts2023-09-27
Regulation 25-102 respecting Designated Benchmarks and Benchmark Administrators
The securities regulatory authority in Québec issued Regulation 25-102 to establish a comprehensive regulatory framework for designated benchmark administrators and their designated benchmarks. The regulation mandates strict governance structures, including the appointment of a compliance officer and an independent oversight committee, while requiring administrators to deliver detailed organizational and benchmark information to regulators. It further imposes rigorous accountability, control, and reporting obligations to ensure the integrity of benchmark data and protect capital market participants.
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