For Immediate Release

MSC Amends Schedule for Public Disclosure of Transaction-level Derivatives Data

Winnipeg, MB; February 12, 2015 – The Manitoba Securities Commission (MSC) today published further amendments to MSC Rule 91-507 Trade Repositories and Derivatives Data Reporting. The amendments delay the effective date for transaction-level data reporting by designating trade repositories until July 29, 2016 and also allow certain market participants to report under the European Union (EU) derivatives trade reporting rules.

Delaying transaction-level pubic reporting allows MSC staff further time to study current over-the-counter derivatives market data and develop appropriate publication delay mechanisms. Derivatives trade reporting is a recent development in Manitoba, with the first phase having come into effect on October 31, 2014 for clearing agencies and dealers.

The amendment to include the EU derivatives reporting rules is part of an ongoing effort to recognize as equivalent the rules of other jurisdictions where substituted compliance is appropriate.

The amendments to the Rule are scheduled to come into effect on April 30, 2015.

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.


For industry inquiries:

Paula White
Manitoba Securities Commission

For media inquiries:
Kevan Hannah
Manitoba Securities Commission