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ARTICLE · 27 JUNE 2013

Proposed OSC Rules Regarding Reporting Of Over-The-Counter Derivative Transactions

The Ontario Securities Commission recently published for comment Proposed OSC Rules 91-506 – Derivatives: Product Determination and 91-507 – Trade Repositories and Derivatives Data Reporting.

CanadaCorporate/Commercial Law

On June 6, 2013, the Ontario Securities Commission (the OSC) published for comment Proposed OSC Rules 91-506 – Derivatives: Product Determination and 91-507 – Trade Repositories and Derivatives Data Reporting (together, the Proposed Rules). Concurrently, certain other provinces released publications contemplating a substantially similar regime. The OSC is accepting comments on the Proposed Rules until September 6, 2013.

The Proposed Rules require that over-the-counter derivative transactions be reported to a designated trade repository and outline specific parameters for such reporting. This note briefly summarizes key aspects of the Proposed Rules.

What transactions must be reported?

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