Canadian Securities Regulators Publish Coordinated Blanket Orders to Provide Temporary Exemptions From Certain Derivatives Data Reporting Requirements

by Barbara Hendrickson | Nov 11, 2024

The Canadian Securities Administrators (CSA) recently published Coordinated Blanket Order 96-932 Re Temporary Exemptions from Certain Derivatives Data Reporting Requirements ?(the Blanket Order), which became effective October 31, 2024.

The Blanket Orders provide immediate exemptions market participants (end users) prior to the July 25th, 2025, effective date of the Amendments that the CSA published in July 2024. Among other changes, the Amendments will reduce regulatory burden for certain market participants (end-users).

The Blanket Order allow end-users to benefit from the reduction in regulatory burden prior to the effective date of the Amendments. They will provide end-users with an exemption from reporting valuation data and an extension to reporting deadlines and will result in substantively CSA-harmonized exemptions for commodity derivatives and inter-affiliate derivatives between end- users.

Every member of the CSA is implementing the relief through a local blanket order.

Coordinated Blanket Order 96-932 Re Temporary Exemptions from Certain Derivatives Data Reporting Requirements?is available for download from the websites of the participating jurisdictions.

For more information, please call Barbara Hendrickson at BAX Securities Law (647) 403-4606.

This publication is not intended to constitute legal advice. No one should act on it or refrain from acting on it without consulting with a lawyer. BAX does not warrant or guarantee the accuracy or currency or completeness of the publication. No part of this publication may be reproduced without the prior written permission of BAX Securities Law.