Alberta Securities Commission Publishes Staff Notice 91-704 Over-The-Counter Derivatives Transactions

On January 2, 2014, Alberta Securities Commission ("ASC") staff published Staff Notice 91-704 Over-the-Counter Derivatives Transactions ("ASC Staff Notice 91-704") summarizing the current regulatory framework governing over-the-counter ("OTC") derivatives trades in Alberta. A copy of ASC Staff Notice 91-704 can be found here.

As previously mentioned in Dentons article of November 28, 2013 titled Canada's first set of harmonized derivatives rules (trade reporting) published by three provinces: Ontario, Quebec and Manitoba, the ten (10) provinces and three (3) territories in Canada are all separately responsible for securities regulation in their respective provinces under the Canadian constitution. Each province has its own securities regulator, which administers the province's securities act and, correspondingly, promulgates its own set of rules and regulations. Accountability for securities regulation extends from the securities regulator to the