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ARTICLE · 04 NOVEMBER 2008

Autorité Des Marchés Financiers Publishes Draft Regulation To The Derivatives Act (Québec)

Borden Ladner Gervais LLP
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On October 3, 2008, the Autorité des marchés financiers (the AMF) published for comment a draft of the Derivatives Regulation (the Regulation) under the "Derivatives Act (Québec)" (the Act).

CanadaStrategy

On October 3, 2008, the Autorité des marchés financiers (the AMF) published for comment a draft of the Derivatives Regulation (the Regulation) under the Derivatives Act (Québec) (the Act). The draft Regulation follows the June adoption by the Québec government of the Act, which provides a legislative framework that will govern derivatives activities within the province of Québec. We summarized the key principles of that legislation in our July 2008 BLG Investment Management Advisory Québec National Assembly Adopts Legislation to Govern Derivatives, which is available on our website www.blgcanada.com.

The comment period on the draft Regulation ends on November 3, 2008.

As a complement to the Act and the draft Regulation, the AMF intends to publish policy statements to provide, among other things, (i) guidelines applicable to regulated entities relating to their internal governance and the transmission of information; (ii) details and clarification on the notion

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