Securities Law & Instruments


Proposed Instruments, Rules & Policies


This is an overview of current activities related to rule-making, policy development and memorandum of understanding. It lists proposed instruments, rules and policies that are published for public comment, under review, pending the Minister’s review and decision, and expected for publication in final form.

Instruments currently out for public comment
Public comment period closed - comments under review
Instruments with Minister for 60-Day Review and Decision
Expected publications for comment


Instruments Currently Out For Public Comment

This section lists all of the rules which are currently out for public comment. You may view all of the comments submitted for each of the listed rules during the current comment period and any previous comment periods by clicking on the links provided below.

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Number Title Published Comments Due
81-102 CSA Mutual Fund Risk Classification Methodology
Comments Received
December 10, 2015 March 9, 2016
94 -102 Derivatives: Customer Clearing and Protection of Customer Collateral and Positions January 21, 2016 April 19, 2016.



Public Comment Period Closed - Comments Under Review

The public comment period for each of the rules listed in this section has closed. The comments submitted during the comment period are currently being reviewed by OSC and CSA staff. You may view all of the comments submitted for each of the listed rules during all previous comment periods by clicking on the links provided below.

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Number Title Published Comments Due
91-507 Trade Repositories and Derivatives Data Reporting
Comments Received
November 5, 2015 February 3, 2016
24-102 Clearing Agency Requirements and its Companion Policy
Comments Received
December 3, 2015 February 1, 2016
15-601 Whistleblower Program
Comments Received
October 28, 2015 January 12, 2016
21-315 Next steps in Regulation and Transparency of the Fixed Income Market
Comments Received
September 17, 2015 November 1, 2015
41-101 Mandating a Summary Disclosure Document for Exchange-Traded Mutual Funds and Its Delivery - Proposed Amendments to NI 41-101 General Prospectus Requirements and to Companion Policy 41-101CP to NI 41-101 General Prospectus Requirements and Related Consequential Amendments
Comments Received
June 18, 2015 September 16, 2015
23-101CP Trading Rules - Amendment related to the Application of the Order Protection Rule to Marketplaces Imposing Systematic Order Processing Delays
Comments Received
June 12, 2015 August 17, 2015
62-104 Amendments to Take-Over Bid Regime
Comments Received
March 31, 2015 June 29, 2015
11-102

Proposed Amendments to Multilateral Instrument 11-102 Passport System

Aprill 16, 2015 June 15, 2015
94-101 Proposed NI 94-101 Mandatory Central Counterparty Clearing of Derivatives and Proposed Companion Policy 94-101CP Mandatory Central Counterparty Clearing of Derivatives
Comments Received
February 12, 2015 May 13, 2015
92-401 Derivatives Trading Facilities
Comments Received
January 28, 2015 March 30, 2015
23-101 Proposed Amendments to NI 23-101 Regarding Order Protection Rule Review
Comments Received
May 15, 2014 September 19, 2014



Instruments with Minister for 60-Day Review and Decision

This section identifies all of the rules that are currently with the Minister responsible for the OSC for review and decision and indicates the final day of the Minister's 60 day review period.

Within 60 days after the Commission delivers a rule to the Minister, the Minister may approve or reject the rule, or return it to the Commission for further consideration. If the Minister does not approve, reject or return the rule, it becomes effective 15 days following the conclusion of the 60 day period unless there is a later day specified in the rule in which case the rule comes into force on that later day. You may view the version of the instrument which has been delivered to the Minister for review and decision by clicking on the links below.

Number Title Minister's Decision Required by
Memorandum of Understanding Concerning Monitoring of the Ongoing Compliance with Recognition Conditions by CCPs in Canada

March 7, 2016
Memorandum of Understanding Respecting the Oversight of Clearing Agencies, Trade Repositories and Matching Service Utilities

February 1, 2016
24-102 Clearing Agency Requirements and its Companion Policy

February 1, 2016


Expected Publications for Comment

This section lists instruments that are expected to be published for comment in the coming months. This section is not meant to be an exhaustive list but aims to provide greater insights, where possible, into those upcoming instruments that are expected to be published. Dates referred to are subject to change.

Number Title Expected Publication Date
94-101

Derivatives: Mandatory Central Counterparty Clearing

February 2016
94-102

Derivatives: Customer Clearing and Protection of Customer Collateral and Positions

January 2016