Derivatives Act
Québec City, June 19, 2008 - Monique Jérôme-Forget, Minister of Finance, Minister for Government Services, Minister responsible for Government Administration, and Chair of the Conseil du trésor, announced that the National Assembly had passed the Derivatives Act.
- Press release: National Assembly passes Derivatives Act - Ministère des Finances – June 19, 2008 (pdf - 29 KB)This link will open in a new windowUpdated on 20 June 2008
- Derivatives Act - Bill 77 - Assented to 20 June 2008 (pdf - 152 KB)This link will open in a new windowUpdated on 2 July 2008
The purpose of this bill is to establish a legislative framework specifically for derivatives, certain of which are currently governed by the Securities Act.
Proposed framework for the regulation of derivatives markets in Québec - August 2007
The AMF published for comment proposal documents on the regulation of derivatives markets in Québec. These documents contained a proposed legislation and regulation as well as proposed policy statements in respect of derivatives.
These proposals by the AMF were not government proposals and could only be implemented once they had been submitted to the legislative process and the resulting legislative provisions had been debated by the members of the National Assembly and been duly assented to by the National Assembly.
- Press release
- Consultation Paper (pdf - 1 MB)This link will open in a new windowUpdated on 17 August 2007
The following commenters filed briefs with the AMF as part of the consultation process (comments are published in their original language):
- Association des banquiers canadiens (ABC) (pdf - 1 MB)This link will open in a new windowUpdated on 14 November 2007
- BMO Nesbitt Burns Inc. (BMO) (pdf - 22 KB)This link will open in a new windowUpdated on 9 November 2007
- Bourse de Montréal Inc. (MX) et la Corporation canadienne de compensation de produits dérivés (CDCC) (pdf - 6 MB)This link will open in a new window
- Canadian Imperial Bank of Commerce (CIBC) (pdf - 29 KB)This link will open in a new windowUpdated on 2 March 2009
- International Swaps and Derivatives Association, Inc. (ISDA) (pdf - 2 MB)This link will open in a new windowUpdated on 8 November 2007
- Mouvement des caisses Desjardins (MCD) (pdf - 464 KB)This link will open in a new windowUpdated on 8 November 2007
- Options Clearing Corporation (OCC) (pdf - 353 KB)This link will open in a new windowUpdated on 8 November 2007
- Le Groupe TSX Inc. (TSX) (pdf - 31 KB)This link will open in a new windowUpdated on 8 November 2007
Discussion paper - May 2006
In May 2006, the AMF published for comment a discussion paper on the regulation of derivatives markets in Québec (pdf - 619 KB)This link will open in a new windowUpdated on 25 May 2006.
The following commenters filed briefs with the AMF as part of the consultation process (comments are published in their original language):
- Association canadienne des courtiers en valeurs mobilières (ACCOVAM) (pdf - 45 KB)This link will open in a new windowUpdated on 4 October 2006
- Association des banquiers canadiens (ABC) (pdf - 193 KB)This link will open in a new windowUpdated on 4 October 2006
- Canadian Advocacy Committee of the CFA Societies of Canada et Montreal CFA Society (pdf - 88 KB)This link will open in a new windowUpdated on 27 July 2006
- Formation mondiale CSI Inc. (CSI) (pdf - 71 KB)This link will open in a new windowUpdated on 25 July 2006
- Futures Industry Association (FIA) (pdf - 143 KB)This link will open in a new windowUpdated on 25 August 2006
- Groupe TSX Inc. (pdf - 392 KB)This link will open in a new window
- Institut des banquiers canadiens (IBC) (pdf - 347 KB)This link will open in a new windowUpdated on 24 July 2006
- Institut des fonds d'investissement du Canada (IFIC) (pdf - 35 KB)This link will open in a new windowUpdated on 4 October 2006
- International Swaps and Derivatives Association, Inc. (ISDA) (pdf - 609 KB)This link will open in a new windowUpdated on 28 July 2006
- Me Kenneth G. Ottenbreit et Me Terence W. Doherty (pdf - 630 KB)This link will open in a new windowUpdated on 27 July 2006
- Mouvement des caisses Desjardins (pdf - 34 KB)This link will open in a new windowUpdated on 26 July 2006
- Options Clearing Corporation (OCC) (pdf - 348 KB)This link will open in a new window
- Société Générale (Canada) (pdf - 579 KB)This link will open in a new window
- Reponses to comments (pdf - 231 KB)This link will open in a new windowUpdated on 19 February 2007
Additional information
Further information concerning this matter is available from the following:
Information Centre
Québec City: 418-525-0337
Montréal: 514-395-0337
Toll-free: 1-877-525-0337
Fax: 418-647-9963
Email: Request for information This link will open in a new window