CALGARY, Jan. 29, 2015 /CNW/ - The Canadian Securities
Administrators (CSA) today published for comment CSA Consultation
Paper 92-401 Derivatives Trading Facilities. The
Consultation Paper proposes a framework for regulating facilities
that bring together multiple buyers and multiple sellers of
over-the counter (OTC) derivatives. The Consultation Paper also
proposes that OTC derivatives that meet certain criteria may be
required to trade exclusively on such regulated facilities.
"The goal of this proposed framework is to develop rules for OTC
derivatives trading in the Canadian market that conform to
international commitments," said Bill
Rice, Chair of the CSA and Chair and Chief Executive Officer
of the Alberta Securities Commission. "In addition to developing
harmonized policies and rules for Canada, the proposed framework will align with
international practices to the extent appropriate."
The Consultation Paper continues the CSA's work related to the
regulatory reform of OTC derivatives, in response to derivatives
commitments made by the G20.
The Consultation Paper can be found on CSA members' websites.
The comment period is open until March 30,
2015.
The CSA, the council of the securities regulators of
Canada's provinces and
territories, co-ordinates and harmonizes regulation for the
Canadian capital markets.
SOURCE Canadian Securities Administrators