The Canadian Securities Administrators (CSA) issued two staff notices to support implementation of amendments to rules on trade repositories and derivatives data reporting that take effect on July 25, 2025. The package includes a Frequently Asked Questions document on derivatives trade reporting and a suggested form of notice for reporting counterparties to use when notifying regulators of significant reporting errors or omissions. The FAQ is intended to clarify how certain amended requirements should be implemented, while preserving flexibility for reporting counterparties and trade repositories to operationalize them within their existing business frameworks. The notice on significant errors or omissions provides a standardized template to help reporting counterparties meet the new notification requirement in a consistent way across CSA jurisdictions.
Canadian Securities Administrators 2025-05-01
Canadian Securities Administrators publish derivatives trade reporting FAQ and template notice for significant errors ahead of July 25 2025 rule amendments
The Canadian Securities Administrators issued two staff notices to aid in implementing amendments to trade repositories and derivatives data reporting rules effective July 25, 2025. The package includes a FAQ document to clarify amended requirements and a template for reporting significant errors or omissions. These tools aim to ensure consistent compliance across CSA jurisdictions.