More guidance from CSA on derivatives reporting

Securities regulators across the country have published CSA Multilateral Staff Notice 91-305, which answers frequently asked questions about derivatives and offers guidance on derivatives reporting obligations.

Read: Securities regulators amend derivatives reporting rules

In particular, the notice provides guidance to persons that are parties to OTC derivatives, in the form of answers to frequently asked questions, on certain matters related to Multilateral Instrument 91-101 Derivatives: Product Determination and Multilateral Instrument 96-101 Trade Repositories and Derivatives Data Reporting.

In all jurisdictions except Newfoundland and Labrador, derivatives reporting obligations under MI 96-101 began on July 29, 2016 for clearing agencies and derivatives dealers, and will begin on November 1, 2016 for all other reporting counterparties. In Newfoundland and Labrador, derivatives reporting obligations are anticipated to begin on November 1, 2016 for all reporting counterparties.

Read: How and why to use derivatives: IMCA conference

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The staff of Advisor.ca have been covering news for financial advisors since 1998.