Regulatory Reform of Over-the-Counter Derivatives
Recent Developments
Proposed National Instrument 93-102 Derivatives: Registration and Related Proposed Companion Policy
Published: April 19, 2018
Comment period ended: September 17, 2018
Proposed National Instrument 93-101 Derivatives: Business Conduct and Related Proposed Companion Policy
Published: June 14, 2018
Comment period ended: September 17, 2018
Proposed National Instrument 91-102 Prohibition of Binary Options and Related Proposed Companion Policy
Effective: December 12, 2017
Alberta OTC Derivatives Initiatives
Blanket Order 91-507 Over-the-Counter Trades in Derivatives
CSA OTC Derivatives Initiatives
Click on the links below to see the history and related documents for the following initiatives:
- Binary Options
- Derivatives Product Determination (Scope)
- Trade Repositories and Derivatives Data Reporting
- Mandatory Central Counterparty Clearing
- Customer Clearing and Protection of Customer Collateral and Positions
- Business Conduct
- Registration
- Margin and Collateral Requirements for Non-Centrally Cleared Derivatives
- Derivatives Trading Facilities
- Derivatives Surveillance and Enforcement
International Initiatives
Click here to search for initiatives undertaken by the International Organization of Securities Commissions (IOSCO).
Derivatives Trade Repositories in Alberta
- Chicago Mercantile Exchange Inc.
- Data Repository (u.s.) LLC
- ICE Trade Vault, LLC
See the Exchanges, Alternative Trading Systems, Clearing Agencies & Trade Repositories page for orders relating to derivatives trade repositories.
Derivatives Exchanges and Clearing Agencies in Alberta
See the Exchanges, Alternative Trading Systems, Clearing Agencies & Trade Repositories page for orders relating to derivatives exchanges and derivative clearing agencies.
G20 Commitments on the Regulation of OTC Derivatives Markets
The G20 leaders made the following commitments on the regulation of OTC derivatives markets at the Pittsburgh Summit in 2009:
All standardized OTC derivative contracts should be traded on exchanges or electronic trading platforms, where appropriate, and cleared through central counterparties by end‐2012 at the latest. OTC derivative contracts should be reported to trade repositories. Non‐centrally cleared contracts should be subject to higher capital requirements.”
At the 2011 G20 Cannes Summit, the G20 leaders enhanced the derivatives-related reform commitments by directing the Basel Committee on Banking Supervision (BCBS) of the Bank of International Settlement and the International Organization of Securities Commissions (IOSCO) to develop standards for the exchange of margin and collateral for non-centrally cleared derivatives.