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ARTICLE · 05 OCTOBER 2023

Conduct Completed! CSA Publishes Final Version Of Derivatives Business Conduct Rule

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On September 28, 2023, the Canadian Securities Administrators (the "CSA") published the long-anticipated Multilateral Instrument 93-101 Derivatives: Business Conduct...

CanadaFinance and Banking
Shahen Mirakian
Shahen Mirakian
Veronica Russo
Veronica Russo
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On September 28, 2023, the Canadian Securities Administrators (the "CSA") published the long-anticipated Multilateral Instrument 93-101 Derivatives: Business Conduct (the "Instrument")1 and its companion policy, Companion Policy 93-101 Derivatives: Business Conduct (the "Companion Policy"). The Instrument governs business conduct in over-the-counter ("OTC") derivatives markets in order to protect market participants, reduce risks, and foster confidence in Canada's financial markets.

We previously discussed the first draft of Proposed Instrument 93-101 and its companion policy during the initial period for request for comments in our bulletin from April 2017. The first draft was published on April 4, 2017 and remained open for a lengthy 150-day comment period.

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The foregoing provides only an overview and does not constitute legal advice. Readers are cautioned against making any decisions based on this material alone. Rather, specific legal advice should be obtained.

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