CSA STAFF NOTICE 93-301
DERIVATIVES BUSINESS CONDUCT RULE – NO OVERLAP WITH DERIVATIVES REGISTRATION RULE COMMENT PERIOD
June 15, 2017
On April 4, 2017, the Canadian Securities Administrators (the CSA or we) published for comment Proposed National Instrument 93-101 Derivatives: Business Conduct and Proposed Companion Policy 93-101 Derivatives: Business Conduct (collectively, the Business Conduct Rule). The comment period for the Business Conduct Rule will close on September 1, 2017.
We are also in the process of developing a proposed registration regime for derivatives dealers, derivatives advisers and potentially other derivatives market participants. We initially expected to publish Proposed National Instrument 93-102 Derivatives: Registration and a related companion policy (collectively, the Registration Rule) for comment during the consultation period for the Business Conduct Rule.
However, the Registration Rule is now scheduled to be published after September 1, 2017. The Business Conduct Rule comment period will thus no longer overlap with the Registration Rule comment period. We expect comments relating to the Business Conduct Rule to be sent in by the deadline date of September 1, 2017.
Once the Registration Rule is published, we will consider further comments on the Business Conduct Rule that may arise as a consequence of your review of the Registration Rule. These comments will be due by the expiry of the comment period for the Registration Rule.
Please refer your questions to any of the following:
Lise Estelle Brault Kevin Fine Co-Chair, CSA Derivatives Committee Co-Chair, CSA Derivatives Committee Senior Director, Derivatives Oversight Director, Derivatives Branch Autorité des marches financiers Ontario Securities Commission 514-395-0337, ext. 4481 416-593-8109 <<firstname.lastname@example.org>> <<email@example.com>> Paula White Chad Conrad Deputy Director, Compliance and Oversight Legal Counsel, Corporate Finance Manitoba Securities Commission Alberta Securities Commission 204-945-5195 403-297-4295 <<firstname.lastname@example.org>> <<email@example.com>> Michael Brady Abel Lazarus Manager, Derivatives Senior Securities Analyst British Columbia Securities Commission Nova Scotia Securities Commission 604-899-6561 902-424-6859 <<firstname.lastname@example.org>> <<email@example.com>> Wendy Morgan Liz Kutarna Senior Legal Counsel, Deputy Director, Capital Markets, Securities Division Securities Financial and Consumer Services Commission New Brunswick Financial and Consumer Affairs Authority of Saskatchewan 506-643-7202 306-787-5871 <<firstname.lastname@example.org>> <<email@example.com>>