Chairs
Mission/Purpose:
As the Canadian securities regulators rulemaking process continue to progress to the proposing of new model provincial rules to regulate over-the-counter (OTC) derivatives and these model provincial rules become finalized by the different Canadian provinces pursuant to their individual provincial legislative authority, this IECA Canadian Derivatives Regulatory Working Group intends to raise the common concerns relating to these new proposed rules that could significantly impact the IECA membership to Canadian securities regulators.
As Canadian securities regulators are not solely responsible for Canada meeting its G20 commitments regarding the oversight of OTC derivatives in Canada, the Working Group will also follow any regulatory developments by the Bank of Canada to oversee the OTC derivatives market and any amendments to the Bank Act by the Canadian Federal Department of Finance to create explicit regulation-making authority over banks that trade standard derivatives.
For more information about the Canadian Derivatives Regulatory Working Group, contact us.
