Regulatory Alerts2024-10-09
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, regulated-data, or commodity categories, and details the procedures for applying for, changing, suspending, or revoking such designations. It further defines key terms such as expert judgment and input data to ensure consistent regulatory application across Canadian jurisdictions.
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