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ARTICLE · 05 JUNE 2018

Proposed CSA Derivatives Registration Rule Part 1 – Who Must Register

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The proposed rules are open for a 150-day comment period, which is set to expire on September 17, 2018.

CanadaFinance and Banking
Shahen Mirakian
Shahen Mirakian
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On April 19, 2018, the Canadian Securities Administrators (the "CSA") published new draft rules governing the registration of derivatives market participants. The proposed rules are open for a 150-day comment period, which is set to expire on September 17, 2018. The new rules are found in:

  • Proposed National Instrument 93-102 Derivatives: Registration (the "Instrument"); and
  • Proposed Companion Policy 93-102 Derivatives: Registration (the "CP"), and together with the Instrument, "Proposed Instrument".1

The Proposed Instrument, together with Proposed National Instrument 93-101 Derivatives: Business Conduct and Proposed Companion Policy 93-101 Derivatives Business Conduct ("NI 93-101") published for comment in April 20172, are intended to implement a comprehensive regime for the regulation of persons or companies that are in the business of trading in or advising on derivatives.  The CSA intends to republish NI 93-101 during the comment period for the

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