Acts and Regulations

S-5.5 - Securities Act

Full text
Duty to comply with prescribed requirements
2019, c.32, s.9
44.6(1)A benchmark administrator shall comply with the requirements prescribed by regulation, including requirements relating to
(a) benchmarks, benchmark administrators, benchmark contributors and benchmark users, and
(b) the establishment, publication and enforcement by a benchmark administrator of a code of conduct applicable to benchmark administrators and benchmark contributors, and their respective directors, officers and employees, and any of their service providers or security holders that are in a prescribed category or subcategory, including the minimum requirements for the code of conduct.
44.6(2)A benchmark contributor shall comply with any requirements that may be prescribed by regulation, including requirements relating to benchmarks, benchmark administrators, benchmark contributors and benchmark users.
44.6(3)Benchmark administrators, benchmark contributors and their respective directors, officers, and employees, and any of their service providers or security holders that are in a prescribed category or subcategory, shall comply with any requirements that may be prescribed by regulation, including requirements relating to
(a) any code of conduct established by a benchmark administrator in accordance with the regulations,
(b) the prohibitions against and procedures regarding conflicts of interest involving a benchmark,
(c) the disclosure or provision of information to the Commission by the benchmark administrator,
(d) the maintenance of books, records and documents,
(e) the appointment by the benchmark administrator or benchmark contributor of one or more persons responsible for compliance matters and any minimum standards that they shall meet or qualifications that they shall have, and
(f) the prohibition or restriction of any matter or conduct involving a benchmark.
44.6(4)A benchmark user shall comply with any requirements that may be prescribed by regulation, including requirements
(a) relating to benchmarks, benchmark administrators, benchmark contributors and benchmark users,
(b) prohibiting the use of a benchmark that is not a designated benchmark, and
(c) respecting disclosure and other requirements relating to the use of a benchmark.
2019, c.32, s.9