Trade reporting rules in Canada have experienced several amendments.
By Carol Derk and Julie Mansi, partners at law firm
Borden Ladner Gervais LLP
With derivatives trade reporting soon to
be required in some Canadian provinces, on June 26 2014 the
Ontario Securities Commission (OSC) released a second set of
amendments to "OSC Rule 91-507 trade repositories and
derivatives data reporting" which will, among other things,
allow parties to designate a single reporting party for
dealer to dealer trades and for non-dealer to non-dealer
The trade reporting rules in the other
provinces are expected to include similar provisions. If
approved by the minister of finance, the amendments to the
trade reporting rule will come into force on September 9.
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