At The Regulation Factory, we have experience working in the world of foreign currency exchange derivatives - whether that is complying with obligations for derivatives reporting, or obtaining licensing for derivatives in other parts of the world.
If you are dealing in foreign currency exchange, like a forward or options contract in Canada, you are required to report derivatives transactions to a Trade Repository.
You may also be interested to know that Canadian provincial securities regulators approved Derivatives Business Conduct rules that may apply to your business. The Business Conduct Rules Instrument came into force in September of 2024 and may apply to your business.
The Business Conduct Rules establish a broad spectrum of requirements such as establishing fair dealing, disclosure obligations, complaints handling, credit requirements, record keeping, margin management, reporting, etc.
The Business Conduct Rules in Canada are new for everyone. The Regulation Factory has experience in implementing compliance for foreign exchange derivatives in similar compliance regimes in other parts of the world. Let us help you comply with this in Canada.
The Derivatives Business Conduct Rules are full of obligations, but also exclusions to these obligations. Our Self Assessment Tool is designed to help you understand which obligations apply to your business and how best to meet these obligations.
MI 93-101 Self Assessment Tool (xlsx)
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