In connection with the coming into effect of the Quebec Derivatives Act (QDA) on February 1, 2009, the Quebec Autorité des marchés financiers (Authority) adopted a blanket decision (the Blanket Decision) carving out certain kinds of derivatives, principally certain specified options and futures (Specified Derivatives) previously regulated by the Quebec Securities Act (QSA), from regulation under the QDA where offered to accredited investors (AIs) in compliance with National Instrument 45-106 — P
Blake, Cassels & Graydon LLP