National Instruments Published For Comment

National Instruments Published For Comment

Securities - CSA Notice and Request for Comment Proposed Amendments to Multilateral Instrument 25-102 Designated Benchmarks and Benchmark Administrators and Proposed Changes to Companion Policy 25-102 Designated Benchmarks and Benchmark Administrators

May 30, 2024 - The Financial and Consumer Affairs Authority of Saskatchewan is publishing the CSA Notice and Request for Comment Proposed Amendments to Multilateral Instrument 25-102 Designated Benchmarks and Benchmark Administrators and Proposed Changes to Companion Policy 25-102 Designated Benchmarks and Benchmark Administrators. The Proposed Amendments will revise the requirements in MI 25-102 for assurance reports (the Revised Assurance Report Requirements).

The Revised Assurance Report Requirements are intended to address technical issues encountered by accounting firms that were engaged to prepare assurance reports in 2022 for Refinitiv Benchmark Services (UK) Limited as the designated benchmark administrator of Canadian Dollar Offered Rate (CDOR) and the six Canadian banks that are benchmark contributors to CDOR.

• 25-102 MI CSA Notice with Annexes May 30, 2024
• Annex A - Proposed Amendments to MI 25-102 May 30, 2024
• Annex B - Proposed Changes to 25-102CP May 30, 2024
• Annex C - Background Information on Revised Assurance Report Requirements May 30, 2024
• Annex D - Background Information on Proposed Section 13.1 of MI 25-102 May 30, 2024
• Annex E - Specific Questions to the Authorities Relating to the Proposed Amendments May 30, 2024

For more information contact:

Graham Purse
Financial and Consumer Affairs Authority
Legal Counsel, Securities Division
400-2365 Albert Street
Regina, SK, S4P 4K1
Bus: 306-787-5867
Fax: 306-787-5899
Email: graham.purse2@gov.sk.ca

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