Regulatory Alerts2020-06-04
CSA Notice of Publication: Mandatory Post-Trade Transparency of Trades in Government Debt Securities and Expanded Transparency of Trades in Corporate Debt Securities
The Canadian Securities Administrators have approved amendments to Regulation 21-101 to establish mandatory post-trade transparency for government debt securities and expand transparency for corporate debt securities. These changes require all persons executing trades in these securities, including banks, to report transaction details to the Investment Industry Regulatory Organization of Canada as the designated information processor. The framework introduces specific volume caps and a publication delay of T+1 at 5:00 pm ET to balance market transparency with liquidity concerns.
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