Regulatory Alerts2021-07-13
Regulation 25-102 respecting Designated Benchmarks and Benchmark Administrators
The securities regulatory authority in Québec issued Regulation 25-102 to establish comprehensive governance and reporting requirements for designated benchmark administrators. The regulation mandates that administrators deliver detailed organizational and financial information, submit to local jurisdiction, and maintain robust accountability frameworks including designated compliance officers and independent oversight committees. These measures are designed to ensure transparency, mitigate conflicts of interest, and safeguard the integrity of designated benchmarks used in capital markets.
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