Canadian Securities Regulators Seek Comment On Proposed Framework For Commodity Benchmarks Date 29/04/2021 The securities regulatory authorities of British Columbia, Alberta, Saskatchewan, Ontario, Quebec, New Brunswick and Nova Scotia today published for comment a proposed framework for the designation and regulation of commodity benchmarks and the persons or companies that administer them. “The Canadian Securities Administrators (CSA) recognizes that benchmarks are becoming increasingly important to our capital markets,” said Louis Morisset, CSA Chair and President and CEO of the Autorité des marchés financiers. “The proposed framework would codify international best practices with respect to designated commodity benchmarks.” The proposed framework for commodity benchmarks is the second phase of a dual phase approach to develop a regulatory framework for benchmarks in general. Phase 1 focused on implementing a framework for the regulation of financial benchmarks and is outlined in a separate CSA news release published today.