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ARTICLE · 14 MARCH 2016

Is It Clear Yet? — Final Countdown To Clearing Of Derivatives In Canada

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​The CSA published for comment proposed National Instrument 94-101 Mandatory Central Counterparty Clearing of Derivatives and its companion policy, which introduces mandatory clearing of certain over-the-counter derivative transactions.

CanadaFinance and Banking
Carol Derk
Carol Derk
Melanie Bradley
Melanie Bradley
Michelle Wilkinson
Michelle Wilkinson
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​The CSA published for comment proposed National Instrument 94-101 Mandatory Central Counterparty Clearing of Derivatives and its companion policy, which introduces mandatory clearing of certain over-the-counter derivative transactions

On February 24, 2016, the Canadian Securities Administrators ("CSA") published for comment proposed National Instrument 94-101 Mandatory Central Counterparty Clearing of Derivatives and its companion policy (collectively, the "Clearing Rule"), which introduces mandatory clearing of certain over-the-counter ("OTC") derivative transactions. A copy of the Clearing Rule is available here. The 90 day comment period for the Clearing Rule expires on May 24, 2016.

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