The CSA Derivatives Data Technical Manual has been amended by the securities regulatory authorities of Ontario, Québec, Manitoba, Alberta, British Columbia, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Prince Edward Island, Saskatchewan, and Yukon.
Updates were made to technical specifications regarding the definition, format, and allowable values for data elements that must be reported under Ontario Securities Commission Rule 91-507 Derivatives: Trade Reporting (Ontario), Regulation 91-507 respecting Trade Repositories and Derivatives Data Reporting (Québec), MSC Rule 91-507 Derivatives: Trade Reporting (Manitoba), and Multilateral Instrument 96-101 Derivatives: Trade Reporting in the other participating jurisdictions. These modifications are set to come into force on August 11, 2027.
The CSA Multilateral Notice of Publication indicated that the amendments are intended to further stabilize and harmonize data elements. The manual is revised on occasion in line with changes to technical specifications made by international standards-setting organizations and regulatory authorities.
OSC Rule 91-507 came into effect on July 25, 2025 to enforce amendments to OSC Rule 91-507 Trade Repositories and Derivatives Data Reporting and Consequential Amendments. Québec Regulation 91-507 respecting Trade Repositories and Derivatives Data Reporting (I-14.01, r. 1.1) was last amended on the same day. MSC Rule 91-507 Derivatives: Trade Repositories and Derivatives Data Reporting was most recently updated in 2024.
At present, the CSA Derivatives Data Technical Manual is on its second version. Canadian Securities Administrators staff amend in accordance with feedback from market participants.
The first version of the manual was released on July 25, 2024. A draft was published on June 9, 2022.
Last month, the CSA called for feedback on amending securities legislation for public companies. It published a consultation paper examining how Canada can learn from revisions to fundamental requirements in periodic reporting, capital raising, and disclosure in the US, among other issues raised. The body indicated that it would seek input on other general reforms as well.
In June, the CSA finalized changes to the principal distributor model for mutual fund securities, improving investor protection and confidence. In April, the body announced reforms to the maximum trading fee charged by marketplaces through adopting final amendments to National Instrument 23-101 and Companion Policy 23-101.