Regulatory Alerts2019-03-14
CSA Notice of Publication: Regulation to amend Regulation 31-103 respecting Registration Requirements, Exemptions and Ongoing Registrant Obligations - Custody-Related Amendments
The Canadian Securities Administrators adopted amendments to Regulation 31-103 to align permissible custodial practices for registered firms with those for investment funds. These changes permit clients and investment funds to deposit cash or securities with members of regulated clearing agencies as margin for cleared over-the-counter derivatives transactions outside Canada. The amendments aim to ensure uniform access to specific custodial options for all clients of registered firms and are expected to come into force on June 12, 2019.
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