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ARTICLE · 03 MARCH 2017

Quebec AMF Revisits Proposal For "Hedger" Certification And Proposes Counterparty "Hedger" Identification Requirement

Stikeman Elliott LLP
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On February 1, 2017, the Autorité des marchés financiers (AMF), Quebec's financial markets regulator, published proposed amendments to the Derivatives Regulation the Proposed Amendments made under the Derivatives Act.

CanadaFinance and Banking
The Securities Group
The Securities Group
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On February 1, 2017, the Autorité des marchés financiers (AMF), Quebec's financial markets regulator, published proposed amendments to the Derivatives Regulation  the Proposed Amendments made under the Derivatives Act (Quebec) (QDA).  The proposals are open  for comments for a period of 30 days to March 4, 2017. 

The Proposed Amendments include a new requirement that  an "accredited counterparty" which engages in an OTC derivatives transaction with a hedger who does not otherwise qualify as an "accredited counterparty" provide prescribed identification information on the hedger to the AMF within 30 days after the end of the quarter in which the transaction was completed.  

The prescribed information which the "accredited counterparty" would be required to deliver electronically to the AMF includes the following:

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