Regulatory Alerts2020-03-19
CSA Notice of Publication: Regulation to amend Regulation 24-102 respecting Clearing Agency Requirements
The Canadian Securities Administrators are adopting amendments to Regulation 24-102 to enhance operational system requirements for clearing agencies and align them with international CPMI-IOSCO standards. Key changes include mandating cyber resilience controls, broadening security incident reporting obligations, and requiring independent systems reviews by qualified external auditors. The Amendments are expected to come into force on June 19, 2020, subject to necessary ministerial approvals in various jurisdictions.
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