The Canadian Securities Administrators (CSA) has proposed new regulations for the over-the-counter (OTC) derivatives market, Investment Executive reports. The proposal includes mandatory reporting of all derivatives trades by Canadian counterparties to a trade repository.

The plan also includes mandatory central clearing of OTC derivatives that are appropriate for clearing, and capable of being cleared. The proposals, drafted by the CSA Derivatives Committee, also recommends that provincial regulators obtain authority to conduct surveillance on OTC derivatives markets and develop robust market conduct standards for OTC derivatives trading.

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