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For Immediate Release

Manitoba Securities Commission Publishes Harmonized Derivatives Rules: Product Determination and Derivatives Trade Repositories and Data Reporting

Winnipeg, Manitoba; November 14, 2013 – The Manitoba Securities Commission (MSC) published its first set of harmonized derivatives rules today – MSC Rule 91-506 Derivatives: Product Determination and MSC Rule 91-507 Trade Repositories (TR) and Derivatives Data Reporting (DR) – which aim to strengthen the oversight of over-the-counter (OTC) derivatives markets and create avenues for implementing future rules.

These rules represent an important step forward for OTC derivatives reform. By requiring the reporting of derivatives transactions to trade repositories, the MSC gains access to data that facilitates improved market surveillance and offers greater insight into the nature and key characteristics of the Canadian derivatives market.

“This first set of harmonized derivatives rules is crucial for reforming the OTC derivatives markets,” said Don Murray, Chair of the MSC. “These rules allow the MSC to better monitor and address potential issues before they become significant problems, ultimately creating better protection for investors.”

The TR and DR rules take effect December 31, 2013 and the reporting requirements will begin July 2, 2014. The Autorité des marchés financiers and the Ontario Securities Commission also published harmonized province-specific rules today.
The MSC rules 91-506 and 91-507 can be found on the MSC’s website at

The Manitoba Securities Commission is a division of the Manitoba Financial Services Agency, a Special Operating Agency of the Government of Manitoba that protects investors and promotes fair and efficient capital markets throughout the province.


Media Contact Information:

Kevan Hannah
Communications Coordinator, Manitoba Securities Commission