Trade Repositories Apply for Designation in Manitoba
Winnipeg, MB; September 23, 2014 – Staff of The Manitoba Securities Commission (MSC) announced today that they have received applications from Chicago Mercantile Exchange Inc., DTCC Data Repository (U.S.) LLC and ICE Trade Vault, LLC for designation as trade repositories in Manitoba. The designation of these entities will ensure that the proper infrastructure will be in place prior to trade reporting obligations commencing in Manitoba, and is an important element of implementing Over-the-Counter (OTC) derivatives reforms. Clearing agencies and dealers are required under securities laws to report certain OTC derivatives transactions to a designated trade repository by October 31, 2014, with all other OTC derivatives market participants required to report by June 30, 2015.
The MSC has coordinated with the Autorité des marchés financiers (AMF) and the Ontario Securities Commission (OSC) in reviewing and finalizing the designations. Subject to Commission approval, the MSC will be issuing orders similar in substance to those published by the OSC and AMF for Chicago Mercantile Exchange Inc., DTCC Data Repository (U.S.) LLC and ICE Trade Vault, LLC for designation as trade repositories in their respective jurisdictions.
La Commission des valeurs mobilières du Manitoba est une division de l’Office des services financiers du Manitoba, organisme de service spécial du gouvernement du Manitoba chargé de protéger les investisseurs et de favoriser l’équité et l’efficacité dans les marchés financiers de la province.
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