The Quebec government has approved, effective December 6, 2013, Regulation 91-506 respecting Derivatives Determination and Regulation 91-507 respecting Trade Repositories and Derivatives Data Reporting which come into force on December 31, 2013, except for the provisions contained in Parts 3 and 5 of Regulation 91-507.
The rules governing derivatives data reporting provide for their staggered implementation over the course of 2014. For more information on these regulations (or equivalent rules in Ontario and Manitoba), please see our earlier post.
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