The Canadian Securities Administrators yesterday published for comment model provincial rules to introduce a framework for the regulation of derivatives across Canada. Specifically, the model rules would set out the scope of derivatives products and provide for regulations respecting trade repositories and derivatives data reporting. The model rules, which are based on Ontario's Securities Act, are intended to provide a "responsive and flexible" foundation for derivatives regulation.
Comments on the model rules are being accepted until February 4, 2013. Check back next week for further commentary.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
