Regulatory Alerts2019-03-14
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 designated benchmarks and benchmark administrators. The document defines critical, interest rate, and regulated-data benchmarks, outlining the specific criteria and factors regulators consider when designating these benchmarks. It further details governance requirements, including control frameworks, conflict of interest policies, and oversight committee responsibilities for designated benchmark administrators and contributors.
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