CANADA: AMF Publish Final Amendments to OTC Derivatives Trade Reporting

Friday May 13 2016

On 12th May 2016, the Autorité des Marchés Financiers (AMF) released the final version of amendments to Regulation 91-507 respecting Trade Repositories and Derivatives Data Reporting. Under the Regulation, recognised trade repositories will be required, as of January 16, 2017, to publicize certain data on transactions executed by OTC market participants.

The amendments specify the transaction data that must be made public based on asset class. They also include measures to maintain transaction anonymity, in particular the publication of data 48 hours after the time and date a transaction is executed. The AMF is continuing to study the possibility of broadening these transparency requirements to other type of products, and will be consulting market participants in this regard.

The AMF also intends to pursue its analysis of the use of derivative transactions as risk management tools within the same end user group, in particular in light of the discussions and work carried out by other regulators around the world.
The amendments to the Regulation will come into force on July 29, 2016. Trade data must be made public starting on January 16, 2017.

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