On December 31, 2013, the OSC Rule 91-507 – Trade Repositories and Derivatives Data Reporting (the TR Rule) became effective. The TR Rule requires that all over-the-counter (OTC) derivative transactions involving a local counterparty be reported to a designated trade repository in Ontario. The reporting obligations for trades in derivatives are effective for derivatives dealers and clearing agencies as of July 2, 2014 and for local counterparties that are not derivatives dealers as of September 30, 2014.

To satisfy reporting requirements, a Legal Entity Identifier (LEI) must be provided for each derivatives transaction.

Click the link to access our bulletin. > > AUM Law Bulletin Derivatives Trade Reporting and Legal Entity Identifiers April 2014