Regulatory Alerts2024-10-09
Regulation 25-102 respecting Designated Benchmarks and Benchmark Administrators
The securities regulatory authority issues Regulation 25-102 to establish comprehensive governance, delivery, and oversight requirements for designated benchmark administrators and their designated benchmarks. The regulation mandates that administrators implement robust accountability frameworks, designate compliance officers, and submit detailed organizational and benchmark-specific information to regulators within strict timelines. It further defines specific criteria for designating critical, interest rate, commodity, and regulated-data benchmarks to ensure market integrity and financial stability.
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