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ARTICLE · 29 MARCH 2016

OSFI Publishes Final Margin Requirements For Non-Centrally Cleared Derivatives Transactions

McCarthy Tétrault
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The Office of the Superintendent of Financial Institutions ("OSFI") published Guideline E-22 Margin Requirements for Non-Centrally Cleared Derivatives (the "Final Margin Rule") on February 29, 2016...

CanadaFinance and Banking
Chris Bamford
Chris Bamford
Candace Pallone
Candace Pallone
Barry Ryan
Barry Ryan
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Introduction

The Office of the Superintendent of Financial Institutions ("OSFI") published Guideline E-22 Margin Requirements for Non-Centrally Cleared Derivatives (the "Final Margin Rule") on February 29, 2016, setting out final margin requirements for non-centrally cleared derivatives transactions between certain financial entities. The Final Margin Rule, which is based on the framework jointly published by the Basel Committee on Banking Supervision and the International Organization of Securities Commissions (the "BCBS-IOSCO Framework"), is aimed at mitigating systemic risk in the financial sector and promoting the central clearing of derivatives.

Overview of the Final Margin Rule

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