July 18, 2016 12:00 ET
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 18, 2016) - Securities regulators in Alberta, British Columbia, New Brunswick, Nova Scotia and Saskatchewan (the approving jurisdictions) today announced the approval of recognition orders for three derivatives trade repositories: the Chicago Mercantile Exchange Inc., DTCC Data Repository (U.S.) LLC and ICE Trade Vault, LLC. Securities regulators in Newfoundland and Labrador, Nunavut, Northwest Territories, Prince Edward Island and Yukon expect to approve comparable recognition orders for some or all of these trade repositories before trade reporting requirements begin in their jurisdictions.
Under Multilateral Instrument 96-101 Trade Repositories and Derivatives Data Reporting, clearing agencies and derivatives dealers will be required to report certain over-the-counter (OTC) derivatives beginning July 29, 2016. Reporting requirements begin November 1, 2016 for all other reporting counterparties that are required to report OTC derivatives.
The recognition orders for each of the approving jurisdictions will be available on their website.
The CSA, the council of the securities regulators of Canada's provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.
Alison WalkerBritish Columbia Securities Commission604-899-6713Mark DickeyAlberta Securities Commission403-297-4481Andrew NicholsonFinancial and Consumer Services Commission, New Brunswick506-658-3021Tanya WiltshireNova Scotia Securities Commission902-424-8586Shannon McMillanFinancial and Consumer Affairs Authority of Saskatchewan306-798-4160John O'BrienOffice of the Superintendent of SecuritiesService Newfoundland and Labrador709-729-4909Rhonda HorteOffice of the Yukon Superintendent of Securities867-667-5466Jeff MasonNunavut Securities Office867-975-6591Tom HallOffice of the Superintendent of Securities,Northwest Territories867-767-9305Janice CallbeckGovernment of Prince Edward IslandSuperintendent of Securities902-368-6288
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