The
Canadian Securities Administrators are consulting on the introduction of a new framework for the regulation of benchmarks. The proposed framework is contained in
National Instrument 25-102 Designated Benchmarks and Benchmark Administrators: see
here or
here (
pdf). There is, at present, no specific regulatory framework for benchmarks. The proposed new framework is intended to be equivalent to the EU regime (see
EU Regulation 2016/1011).
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