The Custody Amendments have been, or are expected to be, adopted by each member of the CSA. If all necessary approvals are obtained, British Columbia expects the Custody Amendments to come into force on June 12, 2019. The Client Focused Reforms (CFRs) are an important investor protection initiative based on the concept that in the client-registrant relationship, the interests of the client come first. The orders will take effect on December 31, 2020. We have also been informed of operational challenges relating to the first phase of the implementation schedule for the CFRs. Français, Toll Free (Manitoba only): 1-800-655-5244, Legal Counsel, Compliance and Registrant Regulation, Directrice de l'encadrement des intermédiaires, Financial and Consumer Services Commission of New Brunswick, Office of the Superintendent of Securities, Office of the Yukon Superintendent of Securities. We amended paragraphs 14.6.1(2)(a) and (b) to subject members of "regulated clearing agencies" to the membership and net worth requirements set out in these paragraphs. The CSA published the CFRs, which are relevant to all registrants, on October 3, 2019. Le 14 septembre 2019, 140 jeunes issus de toute la France ont signé leur contrat d’engagement dans l’armée de Terre, en qualité d’officiers sous contrat encadrement (OSC-E). Dealers, Advisers and Investment Fund Managers, 3 - Registration Requirements and Related Matters. Recrutements Sous-officiers session septembre 2020. Sec. Français, CSA Notice 31-357 – Blanket Orders/Class Orders in respect of Certain Client Focused Reforms Provisions of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations, Financial and Consumer Affairs Authority of Saskatchewan, Analyste expert à l'encadrement des intermédiaires, Deputy Director, Registration & Compliance, Consumer, Labour and Financial Services Division, Senior Legal Counsel and Special Advisor to the Executive Director, Financial and Consumer Services Commission of New Brunswick, Department of Justice, Government of Nunavut, Office of the Yukon Superintendent of Securities. In some jurisdictions, ministerial approvals are required for the implementation of the Custody Amendments. The CSA recognizes the significant work many registrants need to undertake to implement the CFRs. We, the Canadian Securities Administrators (the CSA), are adopting amendments (the Custody Amendments) to certain custody-related provisions of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31-103). Further detail can be found in Annex A of this Notice. All members of the CSA have responded by issuing parallel orders extending the timeline for the implementation of amendments to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations that would otherwise have come into effect in the first phase of the implementation of the CFRs on December 31, 2020. Ontario Securities Commission Bulletin. (2) Subsection 14.5.2(2) does not apply to a registered firm in respect of cash or securities of a client or investment fund deposited with a member of a regulated clearing agency or a dealer as margin for transactions outside of Canada involving clearing corporation options, options on futures, standardized futures or cleared specified derivatives if. Offre de stages pour 2019-2020 Officiers commissionnés Textes officiels ... OSC-E Officier sous-contrat encadrement. The Minister may approve or reject the Custody Amendments or return them for further consideration. This Notice contains the following annexes: Please refer your questions to any of the following CSA staff: The Custody Amendments will be implemented as: • a rule in each of Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island and Yukon, • a commission regulation in Saskatchewan. Legislation | We published proposed amendments for comment on October 25, 2018 (the October 2018 Proposal). Subsections 14.6.1(1) and (2) are replaced with the following: "cleared specified derivative", "clearing corporation option", "futures exchange", "option on futures", "specified derivative" and "standardized future" have the same meaning as in section 1.1 of National Instrument 81-102 Investment Funds; "regulated clearing agency" has the same meaning as in subsection 1(1) of National Instrument 94-101 Mandatory Central Counterparty Clearing of Derivatives. The substance and purpose of the Custody Amendments is to continue to align the permissible custodial practices in section 14.6.1 of NI 31-103 with the similar permitted custodial practices for investment funds in subsection 6.8(2) of National Instrument 81-102 Investment Funds (NI 81-102). The CSA, along with the Investment Industry Regulatory Organization of Canada and the Mutual Fund Dealers Association of Canada (together, the SROs), are actively consulting with numerous industry stakeholders through the CFRs Implementation Committee. The amendments are to section 14.6.1 [custodial provisions relating to certain margin or security interests] of NI 31-103. Accessibility | Paragraph 14.6.1(2)(c) was amended to ensure that registered firms' clients or investment funds only use members of "regulated clearing agencies" for margin transactions if, as per the existing requirements of this paragraph, it is more beneficial to the client or investment fund than using a Canadian custodian. Table of Contents. This subsection deals with portfolio assets held as margin for derivatives transactions outside Canada. In Saskatchewan, the implementation of the Custody Amendments is subject to ministerial approval. This website works best with JavaScript enabled.