Canada extends trade reporting implementation deadline

By Beth Shah
14 Apr 2014

The Canadian Securities Administrators plans to extend the date for the implementation of over-the-counter derivatives trade reporting requirements until October 31 for clearing agencies and dealers, and until June 30, 2015 for all other OTC derivatives market participants.

At present, no trade repository that can accept all OTC derivative asset classes has completed an application to be recognized or designated within the required timeframe for the trade reporting obligations. It is anticipated that international trade repositories will apply for designation in Canada, with the Depository Trust & ...

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