OSC to hold roundtable on proposed derivatives registration

The OSC will hold a roundtable as part of CSA’s consultation process on the proposed derivatives registration and business conduct regimes.

The Sept. 20 roundtable in Toronto will feature policy discussions moderated by OSC staff featuring representatives from banks, pension plans and self-regulatory organizations, a release from the regulator said.

The three panel discussions will cover business conduct for institutional and retail markets; registration for advisors, dealers and retail markets; and registration for federally and provincially regulated financial institutions.

The CSA is seeking feedback on a proposed regime for registering dealers and advisors who trade and advise in the over-the-counter (OTC) derivatives markets in Canada.

Read: CSA seeks input on proposed derivatives registration rule

The regime comprises the Proposed National Instrument 93-102 Derivatives: Registration and a proposed companion policy, 93-102 Derivatives: Registration.

The instrument creates new requirements for dealers and advisors to mitigate risks to market participants; for key staff members of derivatives dealers and advisors to have specific education, training and experience; and for firms and individual representatives to register with applicable securities dealers in Canada.

Details on the roundtable can be found here.

Also read:

CSA seeks second round of comments on proposed derivatives rule

CSA reviews regulatory burden for investment fund issuers

Staff

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