Last week, Quebec's Autorité des marchés financiers published a webinar and related slide presentation summarizing recently adopted derivatives reporting requirements. As our structured finance blog discussed last year, final versions of Rule 91-507 came into force in Quebec, Ontario and Manitoba at the end of last year, with staggered implementation scheduled over the course of 2014.
Ultimately, the online presentation outlines the objectives of reporting, the circumstances that trigger reporting, the use of unique transaction identifiers (legal entity identifiers), data dissemination and access, and the effective dates associated with the various obligations.
While the global legal entity identifier (LEI) system is not yet operational, market participants can request a pre-LEI from an approved local operating unit.
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