February 2026

February 2026

Securities - CSA Notice of Amendments to Multilateral Instrument 25-102 Designated Benchmarks and Benchmark Administrators and Changes to Companion Policy 25-102 Designated Benchmarks and Benchmark Administrators

February 19, 2026 - The Financial and Consumer Affairs Authority of Saskatchewan is publishing CSA Notice of Amendments to Multilateral Instrument 25-102 Designated Benchmarks and Benchmark Administrators and Changes to Companion Policy 25-102 Designated Benchmarks and Benchmark Administrators. 

These amendments will fix technical problems that accounting firms face when preparing assurance reports for designated benchmark administrators and contributors. They will also clarify when an accounting firm must provide the assurance report required under Multilateral Instrument 25-102 Designated Benchmarks and Benchmark Administrators. In addition, the amendments widen the assurance reporting requirements so they apply to more designated benchmarks, not just commodity, critical or interest‑rate benchmarks.

Further details can be found in the CSA Notice of Amendments.

Provided all ministerial approvals are obtained, the Amendments will come into force on May 5, 2026.

• CSA Notice of Amendments to MI 25-102
• Annex A - Summary of Comments and CSA Responses
• Annex B - MI 25-102 Amendments
• Annex C - CP 25-102 Changes 
• Annex D - MI 25-102 Amendments BLACKLINE
• Annex E - CP 25-102 Changes BLACKLINE

For more information contact:

Sonne Udemgba
Financial and Consumer Affairs Authority
Director, Legal, Securities Division
400-2365 Albert Street
Regina, SK, S4P 4K1
Tel: 306-787-5879  
Fax: 306-787-5899
Email: sonne.udemgba@gov.sk.ca