Gordon McKenna on Canadian Securities Administration

CSA Propose Amendments to the Mandatory Derivatives Clearing Rule

On October 12, 2017, the Canadian Securities Administrators (CSA) proposed for comment amendments (Amendments) to National Instrument 94-101 Mandatory Central Counterparty Clearing of Derivatives (NI 94-101), in order to...more

10/20/2017 / Canada , Canadian Securities Administration , Clearing Agencies , Derivatives , Derivatives Clearing Organizations , Over The Counter Derivatives (OTC)

Canadian Securities Regulators Clear a Path for Bitcoin Funds

The British Columbia and Ontario securities regulators have taken a leap forward in the regulation of bitcoin and other cryptocurrencies with the first registration of a fintech start-up, First Block Capital Inc., which...more

9/20/2017 / Bitcoin , Canada , Canadian Securities Administration , Cryptocurrency , Digital Currency , Investment Funds

Mandatory Clearing of OTC Derivatives Delayed for Certain Entities

The Canadian Securities Administrators (CSA) have taken steps to postpone until August 20, 2018 the phase-in date of the mandatory clearing requirements set out in National Instrument 94-101 Mandatory Central Counterparty...more

8/17/2017 / Canada , Canadian Securities Administration , Delays , Derivatives , Ontario Securities Commission (OSC) , Over The Counter Derivatives (OTC)

Making a Bright Line at the Border: CSA and OSC Seek to Clarify How Canadian Securities Laws Apply to Trades Outside Canada

On June 29, 2017, the Ontario Securities Commission (OSC) published a Second Notice and Request for Comment (Second Notice) on an amended Proposed OSC Rule 72-503 Distributions Outside Canada (Rule 72-503) and Proposed...more

7/6/2017 / Canada , Canadian Securities Administration , Comment Period , Exemptions , Ontario Securities Commission (OSC) , Proposed Amendments , Proposed Rules

CSA Propose Amendments to Reduce Compliance Burden for Private Placement Reports on Form 45-106F1

On June 8, 2017, the Canadian Securities Administrators (CSA) published for comment proposed amendments to Form 45-106F1, the form used for private placement reporting in Canada. The proposed amendments are intended to...more

6/12/2017 / Accredited Investors , Canada , Canadian Securities Administration , Comment Period , Institutional Investors , Private Placements , Proposed Amendments

OSC Seeks Stakeholder Input on Proposed Derivatives Business Conduct Rule

On May 29, 2017, the Ontario Securities Commission (OSC) hosted a half-day roundtable session to discuss the recently published Proposed National Instrument 93-101 – Derivatives: Business Conduct (Business Conduct Rule)....more

6/2/2017 / Canada , Canadian Securities Administration , Derivatives , Ontario Securities Commission (OSC)

Canadian Regulators Propose Broad Derivatives Dealer and Adviser Business Conduct Rules

On April 4, 2017, the Canadian Securities Administrators (CSA) published for comment Proposed National Instrument 93-101 – Derivatives: Business Conduct (Business Conduct Rule), which would impose a range of business conduct...more

4/25/2017 / Canada , Canadian Securities Administration , Comment Period , Derivatives , Exemptions , Registration Requirement

Mandatory OTC Derivatives Clearing Rules Published for Second Round of Comments

On February 24, 2016, the Canadian Securities Administrators (CSA) published a revised Proposed National Instrument 94-101 Mandatory Central Counterparty Clearing of Derivatives (Proposed Clearing Rule) and a proposed...more

3/1/2016 / Canada , Canadian Securities Administration , Clearing Agencies , Derivatives , Derivatives Clearing Organizations , Over The Counter Derivatives (OTC)

Derivatives Trade Reporting Rules Introduced in Remaining Canadian Jurisdictions

On January 22, 2016, the Canadian securities regulatory authorities in Alberta, British Columbia, New Brunswick, Newfoundland and Labrador, the Northwest Territories, Nova Scotia, Nunavut, Prince Edward Island, Saskatchewan...more

1/29/2016 / Canada , Canadian Securities Administration , Counterparties , Derivatives , Reporting Requirements

Draft Derivatives Laws Issued for the Canadian Cooperative System Harmonize Divergent Provincial Approaches

Draft derivatives regulations and a revised draft of the uniform Capital Markets Act (CMA) were issued in August 2015 as part of the process to implement the new Cooperative Capital Market Regulatory System (Cooperative...more

10/28/2015 / Broker-Dealer , Canada , Canadian Securities Administration , Capital Markets , Comment Period , Commodity Futures Contracts , Derivatives , Exemptions , Harmonization Rules , Policy Drafting , Registration Requirement , Regulatory Standards , Reporting Requirements

Gordon McKenna

Blake, Cassels & Graydon LLP

Popular Topics by This Author

Latest Posts › Canadian Securities Administration