CSA Will Not Extend NI 21-101 Debt Transparency Exemptions

January 26, 2018
  • The exemption from the requirement in National Instrument 21-101 Marketplace Operation that marketplaces and inter-dealer bond brokers trading government debt securities provide order and trade information to an information processor (IP), as required by the IP, will not be extended into 2018 by the Canadian Securities Administrators.
  • Expiry of the previous exemption will not have immediate effect as currently no IP has established requirements relating to reporting order or trade information for government debt securities.
  • CSA plan to publish for comment a proposed framework for mandatory post-trade transparency of trades in government debt securities in the first quarter of 2018.

For further information, please see CSA Staff Notice 21-320 Update: National Instrument 21-101 Marketplace Operation and Related Companion Policy – Dealing with Government Debt Transparency (December 14, 2017).

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