Securities regulators in British Columbia, Alberta, Saskatchewan, Ontario, Québec, New Brunswick, Nova Scotia, Yukon and the Northwest Territories have adopted final amendments to Multilateral Instrument 25-102 Designated Benchmarks and Benchmark Administrators and related companion policy changes, refining assurance report obligations for designated benchmarks. The amendments clarify the scope and timing of assurance report requirements by specifying the required level of assurance, the type of report an independent public accountant must provide, and when it must be filed. They also introduce a new assurance report requirement for designated benchmarks that are not categorized as commodity benchmarks, critical benchmarks or interest rate benchmarks. Subject to ministerial approvals, the amendments are set to come into force on 5 May 2026 and will be published on the websites of the participating Canadian Securities Administrators members.
Alberta Securities Commission 2026-02-19
Canadian Securities Administrators adopt final amendments clarifying assurance report requirements for designated benchmarks
Securities regulators across several Canadian provinces and territories have adopted final amendments to Multilateral Instrument 25-102, refining assurance report obligations for designated benchmarks. The amendments specify the level and timing of assurance reports required and introduce new requirements for non-commodity, non-critical, and non-interest rate benchmarks. These changes are pending ministerial approval and are set to take effect on 5 May 2026.