TORONTO, Dec. 9, 2013 /CNW/ - The Ontario Securities Commission (OSC) announced today the details for an information seminar taking place on January 15, 2014, during which OSC staff will guide market participants through the reporting requirements for the new Derivatives Trade Repositories and Data Reporting rule.
On November 14, 2013, the OSC published OSC Rule 91-506 Derivatives: Product Determination and OSC Rule 91-507 Trade Repositories and Derivatives Data Reporting, which is the first set of harmonized derivatives rules for Ontario and one of the most important elements of global OTC derivatives reform. The reporting obligations for the OSC rule begin July 2, 2014 and the OSC wants to help market participants navigate these requirements and ensure preparedness.
The seminar will cover four key areas: how to report transactions, end user obligations, tips for ensuring dealer compliance and reporting fields.
The seminar provides an opportunity for market participants to learn more about these new requirements and for the OSC to engage directly with market participants on this important rule and implementation process.
Attendees will have the opportunity to ask questions of the rule drafters and hear from other participants about their experience and best practices in responding to the changes.
The seminar will take place Wednesday, January 15, 2014 from 9:00 a.m. to 11:00 a.m. on the 22nd floor of the OSC's offices, located at 20 Queen Street West, Toronto, Ontario. Interested participants are asked to RSVP to Marie Martinez at [email protected] by January 10, 2014.
Seminar details can also be found on the OSC's website at www.osc.gov.on.ca.
The OSC is meeting its G20 commitments and reinforcing Canada's financial stability framework through the implementation of Over-the-Counter derivatives reforms. The OSC is developing internationally and Canadian harmonized legislative and regulatory proposals to strengthen oversight of Ontario's OTC derivatives market.
SOURCE: Ontario Securities Commission
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