pc
nid 94532
Aug 12, 2026
ataylor@vixio.com
British Columbia
The British Columbia Securities Commission
financial services
112% of draft length
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1836 charsBritish Columbia Securities Commission Updates Derivatives Data Technical Manual for Trade Reporting Requirements
On August 11, 2026, the Canadian Securities Administrators (CSA), including the British Columbia Securities Commission (BCSSC), announced updates to the CSA Derivatives Data Technical Manual (the Manual). The updates revise Policy Statement 91-507 respecting Trade Repositories and Derivatives Data Reporting (Quebec) and Companion Policy 96-101 Derivatives: Trade Reporting for all other participating jurisdictions, including British Columbia. The changes take effect on August 11, 2027.
The Manual provides technical specifications defining the format, definition, and allowable values for data elements required under derivatives trade reporting rules across Canada. The updated version 2.0 incorporates revised technical specifications to improve standardization and harmonization of data elements. Key updates include enhanced guidance on underlier identification when information cannot be derived from the Unique Product Identifier (UPI), refined position reporting guidelines, and clarifications on data element validations. The Manual also incorporates updates reflecting revisions made by international standards-setting organizations and regulatory authorities, including alignment with the Revised CDE Technical Guidance version 4 on harmonization of critical over-the-counter derivatives data elements.
Market participants subject to derivatives trade reporting requirements in British Columbia must ensure compliance with the updated technical specifications by the August 11, 2027 effective date. The CSA expects to update the Manual periodically to reflect ongoing international developments and regulatory changes. Reporting counterparties should review the complete updated Manual to identify all affected data elements and implement necessary system changes to maintain compliance with trade reporting obligations.
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2056 charsCanadian Securities Administrators Publish Updated Derivatives Data Technical Manual
On August 11, 2026, the securities regulatory authorities of the Canadian Securities Administrators (CSA) in Ontario and 12 other Canadian provinces and territories published changes to the CSA Derivatives Data Technical Manual (the Manual). The changes include updated technical specifications regarding the definition, format, and allowable values for data elements required to be reported under OSC Rule 91-507 , Regulation 91-507 respecting Trade Repositories and Derivatives Data Reporting (Québec), and Multilateral Instrument 96-101 Derivatives: Trade Reporting . The updated Manual is intended to improve the standardization and harmonization of derivatives data reporting across Canadian jurisdictions.
The manual's key changes include:
Updated technical specifications: The Manual has been updated, incorporating revised technical specifications for data elements sourced primarily from the Revised CDE Technical Guidance . The changes affect data elements related to calculations notional amounts, prices, valuation, and product identification.
Revisions to supporting policy documents: The CSA amended Policy Statement to Regulation 91-507 (Québec) and Companion Policy 96-101 (other Participating Jurisdictions) to reflect the updated Manual.
Periodic updates: CSA Staff expect to make changes to the Manual on a periodic basis to reflect revisions to technical specifications made by international standards-setting organizations and regulatory authorities.
New reporting guidance: The Manual includes new and updated guidance on position reporting, package transactions, crypto asset underlying indicators, and upgrade reporting to ensure conformity with amended reporting requirements.
The changes to the Manual take effect on August 11, 2027. The updated Manual is available through each Participating Jurisdiction's regulatory website. Market participants with questions may contact their local securities regulator. To receive communications on future updates to the Manual, stakeholders may email csa-acvm-secretariat@acvm-csa.ca.