Regulatory Alerts2021-04-29
Draft Regulation to amend Regulation 25-102 respecting Designated Benchmarks and Benchmark Administrators
The Canadian Securities Administrators issued this draft regulation to amend Regulation 25-102 by introducing a new framework for designated commodity benchmarks. The amendments define designated commodity benchmarks and establish Part 8.1, which imposes specific control, methodology, transparency, and governance requirements on designated benchmark administrators. These requirements include mandatory internal reviews, strict conflict of interest policies, and the engagement of public accountants to provide assurance reports on compliance.
Share