ARTICLE · 05 DECEMBER 2013

OSC Releases First Set Of Final Derivatives Rules

Norton Rose Fulbright Canada LLP

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On November 14, 2013, the Ontario Securities Commission (OSC) released its final rules regarding (i) how financial products will be categorized as derivatives, and (ii) data reporting requirements in relation to derivatives trades.

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Norton Rose Fulbright Canada LLP

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On November 14, 2013, the Ontario Securities Commission (OSC) released its final rules regarding (i) how financial products will be categorized as derivatives, and (ii) data reporting requirements in relation to derivatives trades.

The OSC published OSC Rule 91-506 Derivatives: Product Determination (the PD Rule) and its companion policy 91-506CP, which will be effective starting December 31, 2013, and OSC Rule 91-507 Trade Repositories and Derivatives Data Reporting (the TR Rule) and its companion policy 91-507CP. Reporting obligations for derivative dealers will commence on July 2, 2014, and for all other parties on September 31, 2014.

OSC Rule 91-506 Derivatives: Product Determination

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