Canadian securities regulators recognize three trade repositories

VANCOUVER, July 18, 2016 /CNW/ - Securities regulators in Alberta, British Columbia, New Brunswick, Nova Scotia and Saskatchewan (the approving jurisdictions) today announced the approval of recognition orders for three derivatives trade repositories: the Chicago Mercantile Exchange Inc., DTCC Data Repository (U.S.) LLC and ICE Trade Vault, LLC.  Securities regulators in Newfoundland and Labrador, Nunavut, Northwest Territories, Prince Edward Island and Yukon expect to approve comparable recognition orders for some or all of these trade repositories before trade reporting requirements begin in their jurisdictions.

Under Multilateral Instrument 96-101 Trade Repositories and Derivatives Data Reporting, clearing agencies and derivatives dealers will be required to report certain over-the-counter (OTC) derivatives beginning July 29, 2016.  Reporting requirements begin November 1, 2016 for all other reporting counterparties that are required to report OTC derivatives. 

The recognition orders for each of the approving jurisdictions will be available on their website.

The CSA, the council of the securities regulators of Canada's provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.

SOURCE Canadian Securities Administrators

Image with caption: "Canadian Securities Administrators (CNW Group/Canadian Securities Administrators)". Image available at: http://photos.newswire.ca/images/download/20160718_C4505_PHOTO_EN_735802.jpg

For further information: Alison Walker, British Columbia Securities Commission, 604-899-6713; Mark Dickey, Alberta Securities Commission, 403-297-4481; Andrew Nicholson, Financial and Consumer Services Commission, New Brunswick, 506-658-3021; Tanya Wiltshire, Nova Scotia Securities Commission, 902-424-8586; Shannon McMillan, Financial and Consumer Affairs, Authority of Saskatchewan, 306-798-4160; John O'Brien, Office of the Superintendent of Securities, Service Newfoundland and Labrador, 709-729-4909; Rhonda Horte, Office of the Yukon Superintendent of Securities, 867-667-5466; Jeff Mason, Nunavut Securities Office, 867-975-6591; Tom Hall, Office of the Superintendent of Securities, Northwest Territories, 867-767-9305; Janice Callbeck, Government of Prince Edward Island, Superintendent of Securities, 902-368-6288


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