Canada: regulators consult on new regime for benchmark regulation

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).