OTC Derivatives Trading and Clearing Rules Move Closer to Implementation
Canada’s securities regulators have taken two additional steps towards implementing a comprehensive regulatory framework for over-the-counter derivatives (OTC Derivatives) and satisfying Canada’s G20...
View ArticleComment Letters on Proposed Federal Systemic Risk Legislation Raise...
The consultation draft of the federal Capital Markets Stability Act (CMSA) issued in September 2014 proposes a novel regulatory regime directed at protecting the stability and integrity of Canada’s...
View ArticleDerivatives End-Users Granted Interim Relief from Trade Reporting Obligations...
Trade reporting obligations take effect in Ontario, Quebec and Manitoba (Applicable Provinces) on June 30, 2015 and will require over-the-counter (OTC) derivatives transactions between “End-Users” to...
View ArticleQuebec Blanket Decision Affording Relief for Certain Derivatives Activities...
The Quebec Autorité des marchés financiers (Authority) is revoking a long-standing blanket decision (Blanket Decision) that exempts persons conducting dealer or adviser activities with accredited...
View ArticleDraft Derivatives Laws Issued for the Canadian Cooperative System Harmonize...
Draft derivatives regulations and a revised draft of the uniform Capital Markets Act (CMA) were issued in August 2015 as part of the process to implement the new Cooperative Capital Market Regulatory...
View ArticleDerivatives Trade Reporting Rules Introduced in Remaining Canadian Jurisdictions
On January 22, 2016, the Canadian securities regulatory authorities in Alberta, British Columbia, New Brunswick, Newfoundland and Labrador, the Northwest Territories, Nova Scotia, Nunavut, Prince...
View ArticleProposed Changes to Quebec Derivatives Regulation Will Impact Dealers,...
This Bulletin highlights the impact of proposed amendments to the Quebec Derivatives Regulation (QDR) on dealers and advisers that are not registered in Quebec to trade standardized derivatives, on...
View ArticleMandatory OTC Derivatives Clearing Rules Published for Second Round of Comments
On February 24, 2016, the Canadian Securities Administrators (CSA) published a revised Proposed National Instrument 94-101 Mandatory Central Counterparty Clearing of Derivatives (Proposed Clearing...
View Article?Margin Requirements for Non-Centrally Cleared Derivatives Issued in Canada
The Office of the Superintendent of Financial Institutions (OSFI), Canada’s federal regulator of financial institutions, recently issued Guideline E-22 – Margin Requirements for Non-Centrally Cleared...
View ArticleCanadian Derivatives Trade Reporting Amendments Impact Dealers and End-Users
On May 12, 2016, securities regulators in Ontario, Quebec and Manitoba announced changes to existing derivatives trade reporting requirements that will be of interest to both derivatives dealers and...
View ArticleCanadian Regulators Propose Broad Derivatives Dealer and Adviser Business...
On April 4, 2017, the Canadian Securities Administrators (CSA) published for comment Proposed National Instrument 93-101 – Derivatives: Business Conduct (Business Conduct Rule), which would impose a...
View ArticleOSC Seeks Stakeholder Input on Proposed Derivatives Business Conduct Rule
On May 29, 2017, the Ontario Securities Commission (OSC) hosted a half-day roundtable session to discuss the recently published Proposed National Instrument 93-101 – Derivatives: Business Conduct...
View ArticleMandatory Clearing of OTC Derivatives Delayed for Certain Entities
The Canadian Securities Administrators (CSA) have taken steps to postpone until August 20, 2018 the phase-in date of the mandatory clearing requirements set out in National Instrument 94-101 Mandatory...
View ArticleIndustry Responds to CSA Guidance on Cryptocurrency Offerings
The rise in popularity of cryptocurrencies and the spread of cryptocurrency offerings have attracted increased attention from securities regulators in Canada and abroad. Recently, staff of the Canadian...
View ArticleCanadian Securities Regulators Clear a Path for Bitcoin Funds
The British Columbia and Ontario securities regulators have taken a leap forward in the regulation of bitcoin and other cryptocurrencies with the first registration of a fintech start-up, First Block...
View ArticleCSA Propose Amendments to the Mandatory Derivatives Clearing Rule
On October 12, 2017, the Canadian Securities Administrators (CSA) proposed for comment amendments (Amendments) to National Instrument 94-101 Mandatory Central Counterparty Clearing of Derivatives (NI...
View ArticleCanadian Regulators Issue Revised Derivatives Dealer and Adviser Business...
On June 14, 2018, the Canadian Securities Administrators (CSA) published for comment a revised version of Proposed National Instrument 93-101 – Derivatives: Business Conduct (Business Conduct Rule)....
View ArticleCanadian Securities Administrators Propose Amendments to OTC Derivatives...
The Canadian Securities Administrators (CSA) have published proposed amendments (Proposed Amendments) to the Provincial Trade Reporting Rules (defined below). The Proposed Amendments are meant to...
View ArticleCSA Provides Derivatives Data Reporting Transition Guidance and the OSC...
As global securities regulators begin to implement new, harmonized international derivatives data reporting standards, the Canadian Securities Administrators (CSA) has provided transitional guidance to...
View ArticleDérivés de gréà gré : les ACVM donnent des indications sur la période de...
Les organismes de réglementation des valeurs mobilières à l’échelle internationale adoptent de nouvelles normes harmonisées concernant la déclaration des données sur les dérivés, et les Autorités...
View ArticleDerivatives Business Conduct Rule Issued by the Canadian Securities...
Background - After a 10-year long consultation process, the Canadian Securities Administrators (CSA) have published Multilateral Instrument 93-101 – Derivatives: Business Conduct (Rule), a core...
View ArticleLes ACVM publient un règlement sur la conduite commerciale en dérivés
Contexte - Après un processus de consultation qui aura duré 10 ans, les Autorités canadiennes en valeurs mobilières (les « ACVM ») ont publié le Règlement 93-101 sur la conduite commerciale en dérivés...
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