Québec Legislates in the Canadian Derivatives Market and Releases a New Derivatives Act

Posted on April 17, 2008

Alix d'Anglejan-Chatillon and Sterling H. Dietze| Version française

A legislative proposal to establish a new Derivatives Act was tabled by the Québec Minister of Finance on April 9, 2008.  Bill 77 follows the publication in August 2007 by the Autorité des marchés financiers (Québec's financial markets regulator) of a proposed framework for the regulation of the derivatives markets in Québec and an earlier concept paper in May 2006, both of which attracted detailed comments by Canadian and foreign stakeholders in the industry.  The proposed Québec Derivatives Act would regulate both over-the-counter (OTC) and exchange-traded derivatives in standalone legislation, subject to certain carve outs for OTC derivatives activities involving designated "accredited counterparties".

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Registration Reform in Canada: The Critical Path

Posted on April 3, 2008

Registration Reform Seminar

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On February 29, 2008, the Canadian Securities Administrators (CSA) published their revised proposals relating to national registration requirements for dealers, advisers and investment fund managers.  Over 260 comment letters were received on the original proposals (published in February of 2007). These proposals constitute an overhaul of registration requirements and registration exempt activities, and are intended to present a streamlined and harmonized approach to the regulation of investment activities across Canada.

On April 3, 2008, Stikeman Elliott hosted a seminar on the impact of registration reform. To watch the webcast, please click "View Webcast", right.
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