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CSA Staff Notice 93-301 Derivatives Business Conduct Rule – No Overlap with Derivatives Registration Rule Comment Period |
June 15, 2017
On April 4, 2017, the Canadian Securities Administrators (the CSA or we) published for comment Proposed National Instrument 93-101 Derivatives: Business Conduct and Proposed Companion Policy 93-101 Derivatives: Business Conduct (collectively, the Business Conduct Rule). The comment period for the Business Conduct Rule will close on September 1, 2017.
We are also in the process of developing a proposed registration regime for derivatives dealers, derivatives advisers and potentially other derivatives market participants. We initially expected to publish Proposed National Instrument 93-102 Derivatives: Registration and a related companion policy (collectively, the Registration Rule) for comment during the consultation period for the Business Conduct Rule.
However, the Registration Rule is now scheduled to be published after September 1, 2017. The Business Conduct Rule comment period will thus no longer overlap with the Registration Rule comment period. We expect comments relating to the Business Conduct Rule to be sent in by the deadline date of September 1, 2017.
Once the
Registration Rule is published, we will consider further comments on the
Business Conduct Rule that may arise as a consequence of your review of the
Registration Rule. These comments will be due by the expiry of the comment
period for the Registration Rule.
Questions
Please refer your questions to any of the following:
Lise Estelle Brault Kevin Fine
Co-Chair, CSA Derivatives Committee Co-Chair, CSA Derivatives Committee
Senior
Director, Derivatives Oversight Director, Derivatives
Branch
Autorité des marches financiers Ontario
Securities Commission
514-395-0337, ext. 4481 416-593-8109
lise-estelle.brault@lautorite.qc.ca kfine@osc.gov.on.ca
Paula White Chad Conrad
Deputy Director, Compliance and Oversight Legal Counsel, Corporate Finance
Manitoba Securities Commission Alberta Securities Commission
204-945-5195 403-297-4295
paula.white@gov.mb.ca chad.conrad@asc.ca
Michael Brady Abel Lazarus
Manager, Derivatives Senior Securities Analyst
British Columbia Securities Commission Nova Scotia Securities Commission
604-899-6561 902-424-6859
mbrady@bcsc.bc.ca abel.lazarus@novascotia.ca
Wendy Morgan Liz Kutarna
Senior Legal Counsel, Securities Deputy Director, Capital Markets, Securities Financial and Consumer Services Commission, Division
New Brunswick Financial and Consumer Affairs Authority
506-643-7202 of Saskatchewan
wendy.morgan@fcnb.ca 306-787-5871