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ARTICLE · 09 FEBRUARY 2009

Quebec Derivatives Legislation In Force As Of February 1, 2009

Blake, Cassels & Graydon LLP
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The Quebec government announced on January 14, 2009 that key provisions of the Quebec Derivatives Act will come into force on February 1, 2009.

CanadaFinance and Banking
Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
Aaron Palmer
Aaron Palmer
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Copyright 2009, Blake, Cassels & Graydon LLP

Originally published in Blakes Bulletin on Securities Regulation, January 2009

INTRODUCTION

The Quebec government announced on January 14, 2009 that key provisions of the Quebec Derivatives Act (QDA) will come into force on February 1, 2009. As noted in our bulletin published at the time the legislation was enacted in June 2008, the QDA embodies a comprehensive legislative framework for the regulation of over-the-counter (OTC) and exchange-traded derivatives trading, and is a first in Canada. Please see our July 2008 Blakes Bulletin on Securities Regulation – Quebec Adopts Derivatives Legislation.

In conjunction with the implementation of the QDA, a related Derivatives Regulation (Regulation) will also come into force. For a summary of the Regulation, please see our October 2008 Blakes Bulletin on Securities Regulation – Quebec Signals Implementation of Derivatives Legislation with Publication of Draft Regulation

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