The review will examine firms’ systems and policies to ensure that trade data is being reported accurately and on time
Proposals detail margin requirements that counterparties should exchange in non-centrally cleared trades
Regulators to work together to monitor banks’ compliance with derivatives data reporting
The rules should no longer distinguish between over-the-counter and exchange-traded derivative transaction when calculating counterparty risk
OSC releases April 2015 issue of Investment Funds Practitioner
Requirements have now been pushed to September 2016
Nine-month delay reflects the complexity of implementing the framework
The added time will give OSC staff more time to develop a mechanism for public disclosure
Mandatory clearing of OTC derivatives intended to improve transparency
FIA recommends ways to improve central clearing of OTC derivatives