Regulatory Alerts2020-06-19
Policy Statement to Regulation 24-102 Respecting Clearing Agency Requirements
The Canadian Securities Administrators issued this policy statement to interpret and apply Regulation 24-102 regarding the recognition, exemption, and ongoing supervision of clearing agencies. The document establishes requirements for systemic importance assessments, application processes, and ongoing compliance with the Principles for Financial Market Infrastructures. It further provides specific guidance on collateral usage, customer segregation, and portability for central counterparties serving cash and derivatives markets.
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