Regulatory Alerts2023-08-03
Regulation to amend Regulation 25-102 respecting Designated Benchmarks and Benchmark Administrators
The securities regulatory authority amends Regulation 25-102 to establish a comprehensive regulatory framework for designated commodity benchmarks. The amendments introduce new definitions for commodity benchmarks and front office activities while creating Part 8.1 to impose specific control, methodology, and transparency requirements on benchmark administrators. These changes mandate rigorous governance, conflict of interest management, and record-keeping standards to ensure the integrity and reliability of commodity benchmark determinations.
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