The Canadian winter has not caused a slowdown in Canadian derivatives regulatory reform efforts. In fact, the opposite has occurred. Yesterday, Canadian securities regulators published a new rule proposal for the mandatory central counterparty clearing of certain derivatives. Also in 2016, there has been the publication of proposed segregation and portability rules for the protection of the customer collateral and final trade reporting rules, which will take effect this May in all provinces and territories other than Ontario, Quebec and Manitoba (which already have trade reporting rules). Additionally, securities regulators in provinces of Quebec, Saskatchewan, Manitoba and Nova Scotia have recently published amendments to local requirements and exemptions for trading OTC derivatives, including registration and prospectus exemptions.
Join Osler's derivatives practice experts for a 30 minute webinar designed to quickly get you up to speed on these new rules and rule proposals so that you can assess the potential impacts on your business.