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ARTICLE · 19 JULY 2012

International Standards For Derivatives Market Intermediary Regulation

Borden Ladner Gervais LLP
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On June 6, 2012, the Technical Committee of the International Organization of Securities Commissions (IOSCO) released its Final Report on International Standards for Derivatives Market Intermediary Regulation (the Final Report) prepared by IOSCO's Task Force on OTC Derivatives Regulation (the Task Force).

CanadaFinance and Banking
Carol Derk
Carol Derk
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On June 6, 2012, the Technical Committee of the International Organization of Securities Commissions (IOSCO) released its Final Report on International Standards for Derivatives Market Intermediary Regulation (the Final Report) prepared by IOSCO's Task Force on OTC Derivatives Regulation (the Task Force). The Final Report highlights 15 high-level recommendations for international standards relating to the regulation of market participants that are in the business of dealing, making a market or intermediating transactions in over-the-counter (OTC) derivatives (OTC derivative market intermediaries or DMIs). The Final Report provides guidance on areas that require international coordination among market authorities and that may be susceptible to regulatory risk because of cross-jurisdictional differences in rules and requirements relating to the OTC derivative industry. Market participants in Canada should be mindful of these differences and consider the Task Force's

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