The definitions of "derivative" and "security" for the purposes of the Securities Act (Alberta) were replaced last Friday (May 27, 2016) pursuant to the Securities Amendment Act, 2016 (Alberta). These amendments are not controversial and are helpful in clarifying the distinction between derivatives and securities as the Province of Alberta proceeds with its G20 commitment to regulate derivatives.
With the first trade reporting of derivatives in Alberta scheduled to occur in two short months (July 29, 2016), this housekeeping item is another indicator that the Alberta Securities Commission intends to proceed as planned.
If you have any questions about your trade reporting obligations, please contact our Trading & Derivatives team.
Please note that this publication presents an overview of notable legal trends and related updates. It is intended for informational purposes and not as a replacement for detailed legal advice. If you need guidance tailored to your specific circumstances, please contact one of the authors to explore how we can help you navigate your legal needs.
For permission to republish this or any other publication, contact Amrita Kochhar at kochhara@bennettjones.com.
Bennett Jones