Regulatory Reform of Over-the-Counter (OTC) Derivatives Markets 

Currently Available for Public Comment
Alberta Initiatives
CSA Derivatives Committee Initiatives
International Initiatives
Derivatives Exchanges in Alberta
Derivatives Clearing Agencies in Alberta
G20 Commitments on the Regulation of OTC Derivatives Markets


Currently Available for Public Comment

Canadian Securities Regulators Seek Comment on Model Rules Relating to Derivatives: Product Determination and Derivatives Trade Repositories and Data Reporting
Comment period ends: Feb 4, 2012

Canadian Securities Administrators CSA Consultation Paper 91-406 Derivatives: OTC Central Counterparty Clearing
Comment period ends: Sept 21, 2012

Canadian Securities Administrators CSA Consultation Paper 91-405 Derivatives: End-User Exemption 
Comment period ends: Sept 21, 2012


Alberta Initiatives

ASC Consultation 91-505 - Over-the-Counter Derivatives 
End of Consultation: April 29, 2011
Comment received:

Blanket Order 91-503 - Over-the-Counter Derivatives Transactions and Commodity Contracts
Published: June 2008


CSA Derivatives Committee Initiatives

CSA Consultation Paper 91-404 - Derivatives: Segregation and Portability in OTC Derivatives Clearing
End of Consultation: April 10, 2012
The comments received can be viewed on the website of the Autorité des marchés financiers (www.lautorite.qc.ca).

CSA Consultation Paper 91-403 - Derivatives: Surveillance and Enforcement
End of consultation: January 25, 2012
The comments received can be viewed on the website of the Autorité des marchés financiers (www.lautorite.qc.ca).

CSA Consultation Paper 91-402 - Derivatives: Trade Repositories
End of consultation: September 12, 2011
The comments received can be viewed on the website of the Autorité des marchés financiers (www.lautorite.qc.ca).

Consultation Paper 91-401 on Over-the-Counter Derivatives Regulation in Canada
End of consultation: January 14, 2011
The comments received can be viewed on the website of the Autorité des marchés financiers (www.lautorite.qc.ca).


International Initiatives

IOSCO Consultation Report – Functioning and Oversight of Oil Price Reporting Agencies 
End of consultation: March 30, 2012

IOSCO Final Report – Principles for Regulation and Supervision of Commodity Derivatives Markets 
Published: September, 2011


Derivatives Exchanges in Alberta

Natural Gas Exchange Inc. (NGX) 

NetThruPut Inc.

Alberta Watt-Ex Inc.

ICE Futures Europe

ICE Futures U.S., Inc. 

New York Mercantile Exchange, Inc. (NYMEX)

Chicago Board of Trade (CBOT)

Commodity Exchange, Inc. (COMEX)


Derivatives Clearing Agencies in Alberta

Natural Gas Exchange Inc. (NGX) 

NetThruPut Inc.


G20 Commitments on the Regulation of OTC Derivatives Markets

The G20 leaders made the following commitments on the regulation of OTC derivatives markets at the Pittsburgh Summit in 2009:

“All standardized OTC derivative contracts should be traded on exchanges or electronic trading platforms, where appropriate, and cleared through central counterparties by end‐2012 at the latest. OTC derivative contracts should be reported to trade repositories. Non‐centrally cleared contracts should be subject to higher capital requirements.”