Canadian Securities Administrators

Canadian Securities Administrators

September 29, 2016 13:45 ET

Canadian Securities Regulators Issue Guidance on Derivatives Reporting Obligations

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 29, 2016) - Staff of the securities regulators in Alberta, British Columbia, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Prince Edward Island, Saskatchewan and Yukon today published CSA Multilateral Staff Notice 91-305 Frequently Asked Questions relating to Multilateral Instrument 91-101 Derivatives: Product Determination and Multilateral Instrument 96-101 Trade Repositories and Derivatives Data Reporting.

The Notice provides guidance to persons that are parties to over-the-counter derivatives, in the form of answers to frequently asked questions, on certain matters related to Multilateral Instrument 91-101 Derivatives: Product Determination and Multilateral Instrument 96-101 Trade Repositories and Derivatives Data Reporting.

In all jurisdictions except Newfoundland and Labrador, derivatives reporting obligations under MI 96-101 began on July 29, 2016 for clearing agencies and derivatives dealers, and will begin on November 1, 2016 for all other reporting counterparties. In Newfoundland and Labrador, derivatives reporting obligations are anticipated to begin on November 1, 2016 for all reporting counterparties.

CSA Multilateral Staff Notice 91-305 can be found on the participating jurisdictions' websites.

The CSA, the council of the securities regulators of Canada's provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.

Contact Information

  • Alberta Securities Commission
    Alison Trollope
    403-297-2664

    British Columbia Securities Commission
    Alison Walker
    604-899-6713

    Financial and Consumer Services Commission, New Brunswick
    Andrew Nicholson
    506-658-3021

    Nova Scotia Securities Commission
    Jane Anderson
    902-424-0179

    Financial and Consumer Affairs Authority of Saskatchewan
    Shannon McMillan
    306-798-4160

    Office of the Superintendent of Securities
    Service Newfoundland and Labrador
    John O'Brien
    709-729-4501

    Office of the Yukon Superintendent of Securities
    Rhonda Horte
    867-667-5466

    Nunavut Securities Office
    Jeff Mason
    867-975-6591

    Office of the Superintendent of Securities,
    Northwest Territories
    Tom Hall
    867-767-9305

    Government of Prince Edward Island
    Superintendent of Securities
    Steven Dowling
    902-368-4551