Home Breadcrumb caret Industry News Breadcrumb caret Industry CSA seeks changes to derivatives rules Proposals would refine mandatory central clearing By James Langton | September 3, 2020 | Last updated on September 3, 2020 1 min read © photografier / 123RF Stock Photo The Canadian Securities Administrators (CSA) are proposing revisions to derivatives rules that would narrow the application of mandatory central counterparty (CCP) clearing requirements. In a notice published today, Sept. 3, the CSA sets out proposed changes to derivatives clearing rules that were adopted in the wake of the financial crisis, as part of a broader effort to curb systemic risk and enhance oversight of the global derivatives markets. The CSA’s rules are designed to reduce counterparty risk in the over-the-counter (OTC) derivatives market by requiring certain firms to clear through a CCP. The proposals, out for a 90-day comment period ending Dec. 2, aim to address industry feedback on the types of firms that are required to clear OTC derivatives through a CCP. They would also refine the types of products that must be centrally cleared. James Langton James is a senior reporter for Advisor.ca and its sister publication, Investment Executive. He has been reporting on regulation, securities law, industry news and more since 1994. Save Stroke 1 Print Group 8 Share LI logo