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Securities regulators looking to regulate risky derivatives market

Friday, June 22, 2018 @ 9:21 AM | By Ian Burns

The oversight body for Canada’s securities regulators has outlined a proposal to increase transparency in the risky derivatives market, a move that an observer says is long overdue.

The Canadian Securities Administrators (CSA) announced June 14 it was holding a consultation period on its proposed instrument to establish a business conduct regime for regulating dealers and advisers in over-the-counter (OTC) derivatives in Canada.

CSA chair Louis Morisset said the proposed rules are an “important milestone for Canada.”

“They will help protect against market abuse and together,...