The Canada Steering Committee meets regularly to discuss issues that effect ISDA's Canadian members. During these meetings, members are also updated on the activities of the Legal/Regulatory Subcommittee and Accounting Subcommittee.

  • Chair, Canada Steering Committee: François Bourassa (National Bank of Canada)
  • Chair, Legal & Regulatory Committee: Margaret Grottenthaler (Stikeman Elliott LLP)
  • ISDA Staff Contact: Katherine Darras -- KDarras@isda.org

How to Join

Committee Activities

Documentation
PROJECT
STATUS
PROJECTED OR ACTUAL COMPLETION DATE
Memorandum outlining the benefits of use of the Transfer Annex form of Credit Support Agreement between Canadian Counterparties and Redline showing changes from the previous version
Completed
January 25, 2007
Instructions and Additional Provisions for the use of the ISDA Credit Support Annex (New York law) with a Quebec Counterparty
Completed
February 2005
Canadian Law Force Majeure Definition for use with the 2002 ISDA Master Agreement Completed June 2004

Legal Opinions
PROJECT
STATUS
PROJECTED OR ACTUAL COMPLETION DATE
NY Legal Opinion re whether the ISDA CSA (NY law) (amended by Appendix F) will be deemed to have created an ownership interest in Canadian dollar cash collateral used as Other Posted Support subject to transfer under laws of Ontario/Alberta as opposed to being subject to security interest.
(For Members Only)
Completed
May 14, 2008
Legal Opinion Supporting Instructions and Additional Provisions for the use of ISDA Credit Support Annex (New York law) with a Quebec counterparty.
(For Members Only)
Completed
December 23, 2005

Regulatory
PROJECT
ADDRESSED TO
STATUS
PROJECTED OR ACTUAL COMPLETION DATE

ISDA comment letter on the Canadian Securities Administrators' (CSA) Consultation Paper on Over-the-Counter Derivatives Regulation in Canada (CSA Consultation Paper)

Autorité des marchés financiers (AMF) & Ontario Securities Commission

Completed

January 14, 2011

Guidelines on Best Practices with respect to Cash Credit Support for Collateral Providers located in Canada

ISDA Canadian Legal and Regulatory Affairs Committee

Completed

May 4, 2010

ISDA Letter to Alberta and Ontario Governments re Proposal for Amendments to the Treatment of Deposit Accounts under the PPSA April 13, 2010 Ministry of Consumer Services, Ferguson Block and Land Titles and Personal Properties Registry Service Alberta Completed April 13, 2010

Comment Letter re Proposal for Amendments to the Treatment of Deposit Accounts under the PPSA

Ontario Ministry of Government Services and Land Titles and Personal Properties Registry Service Alberta

Completed

June 8, 2009

Response from Comment Letter sent by ISDA on March 20, 2009 to Guy Saint-Pierre,
President and Chief Executive Officer of the Canada Deposit Insurance Commission
reg:  The Budget Act 2009 – Amendments to the Canada Deposit Insurance Corporation Act.

Mr. Francois Bourassa

Completed

March 27, 2009

Comment Letter on The Budget Act 2009 - Amendments to Canada Deposit Insurance Corporation Act

Canada Deposit Insurance Corporation

Completed

March 20, 2009

Comment letter on National Instrument 81-102   Investment Funds Institute of Canada and Ontario Securities Commission Completed December 19, 2008

ISDA comment letter on the draft Derivative Regulation published by the AMF in respect of the Derivatives Act.  (English version) (French version)

Autorité des marchés financiers (AMF)

Completed

November 3, 2008

ISDA Submission to Department of Finance Canada, Department of Industry Canada reg. Reforming Federal Securities Transfer Rules
Mr. Timothy C. Sargent Completed April 30, 2008
ISDA Submission to Senate Committee on Banking, Trade and Commerce re Bill C-12 Hearings Mr. Line Gravel, Senate Committee on Banking Trade and Commerce, Ontario, Canada Completed
February 26, 2008
Comment letter to Quebec AMF on Proposed Derivative Framework Documents. (English version) (French Version) Autorité des marchés financiers (AMF) Completed
November 8, 2007
ISDA Comment Letter to Industry Canada regarding the Definition of Eligible Financial Contract
Mr. Matthew Dooley, Senior Project Manager, Industry Canada Completed
October 31, 2006
ISDA Comment Letter to Ontario Commodity Futures Act Advisory Committee re: Interim Report reviewing Ontario’s Commodity Futures Act (CFA)
Ontario Commodity Futures Act Advisory Committee
Completed
August 1, 2006
Comment letter to Quebec AMF on Regulation of Derivatives. (English version) (French version)
Autorité des marchés financiers (AMF)
Completed
July 27, 2006
Letter requesting support for reforms to Canadian Insolvency Law Reform
Mr. David Dodge Governor Bank of Canada
Completed
June 22, 2006
Ontario Commodity Futures Act Advisory Committee – Interim Report reviewing Ontario’s Commodity Futures Act (CFA)
Minister Gerry Phillips
TBA
Interim Report
Comments requested by July 14, 2006
Comment letter on Amendments to the Bankruptcy and Insolvency Act and Companies' Creditors Arrangement Act and Suggested Amendments to Bankruptcy and Insolvency Act and CCAA
Mr. Eric Dagenais
Completed
March 21, 2006
Comment letter on Amendments to the Bankruptcy and Insolvency Act and Companies' Creditors Arrangement Act
Mr. Gilles Gauthier, Director -Industry Canada
Completed
August 31, 2005
Submission to Ontario Government concerning priority of collateral law reform on 2005 legislative agenda
The Honourable Dalton McGuinty
Premier And The Honourable Jim Watson Minister of Consumer and Business Services
Completed
February 15, 2005
Intervenor Factum – Pengrowth Corporation, Canadian Forest Oil Ltd., and Altagas Ltd. v. Androscoggin Energy LLC
Court of Appeal for Ontario
Completed February 14, 2005
Comment Letter on the draft rules under the British Columbia Securities Act, S.B.C. c.43
Ms. Brenda Benham
British Columbia Securities Commission
Completed August 31, 2004

Comment letter on Bankruptcy and Insolvency Act, Companies' Creditors Arrangement Act and Winding-up and Restructuring Act

Mr. Gilles Gauthier, Director -Industry Canada


Completed June 7, 2004
Ms. Jane Brindle, Legal Counsel Alberta Canadian Securities Administrators
Completed
May 10, 2004

 

Final Draft of Ruling from: Office of the Superintendent of Financial Institutions Canada (OSFI) and cover letter.

Completed
April 12, 2004
Mr. David Brown
Executive Director, USTA Project
Mr. Maxime Pare
Chair, CSA USTA Task Force
Completed
December 10, 2003
Concept Proposal for Uniform Securities Legislation as it concerns OTC Derivatives USL Project Steering Committee of the Canadian Securities Administrators Completed April 15, 2003
Proposed Amendments to National Instrument 81-102 Commission des valeurs mobilières du Québec Completed October 17, 2002
Intervenor Factum - Enron Capital & Trade Resources Canada Corp. v Blue Range Resource Corp., Humble Petroleum Mtkg. Ltd., Pricewaterhousecoopers Inc. Court of Appeal of Alberta Completed 2000



  Last Updated: January 14, 2011