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OSFI Draft Guideline: Derivatives Sound Practices for Federally Regulated Private Pension Plans [ED]

Com­ment pe­riod ends:

Com­ments on the Draft Guideline are due by September 29, 2017

Last updated:

July 2017

Overview

On July 31, 2017, the Office of the Superintendent of Financial Institutions (OSFI) issued for comment a revised draft derivatives guideline entitled, Derivatives Sound Practices for Federally Regulated Private Pension Plans (Draft Guideline).  When finalized, the Draft Guideline will replace the 1997 guideline “Derivatives Best Practices” that first outlined expectations for federally regulated private pension plans with respect to derivative activities.

The Draft Guideline builds on the 1997 guideline by reflecting on current practices with respect to the risk management of derivatives activities and covers both exchange traded and over-the-counter (OTC) derivatives.  The Draft Guideline also sets out OSFI’s expectations for plan administrators who invest in derivatives indirectly through various types of funds, including pooled funds and hedge funds. 

For fur­ther de­tails see the covering letter on OSFI’s web­site.

 

Other de­vel­op­ments

July 2017

On July 31, 2017, the OSFI is­sued a Draft Guideline, Derivatives Sound Practices for Federally Regulated Private Pension Plans. Comments are due by September 29, 2017.

 

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