Coordinated Blanket Order 93-930, Temporary exemptions for derivatives firms from obligations when transacting with investment funds, and senior derivatives managers.
Follows the adoption of business conduct rule of dealers and advisers, see #126997.
Blanket Orders
Temporarily exempt derivatives firms from obligations when transacting with certain investment funds; senior derivatives managers from certain reporting obligations.
Ensure investment funds managed by investment fund manager, advised by adviser, that is foreign equivalent to Canadian registered investment fund manager or adviser.
Have same treatment as investment fund managed, advised as one regulated in CAN.
Extend the deadline for senior derivatives managers of derivatives dealers to prepare and submit a compliance report to their board of directors for the 2024 calendar year.
Effectiveness
Orders come into effect on Sep. 28, 2024, the same day as the Business conduct rule.
