CSA OTC Derivatives Reporting
In Canada the ‘Trade Repositories and Derivatives Data Reporting’ rules are implemented separately by each of the 13 provincial regulators. Collectively these are known as CSA to reflect the Canadian Securities Administrators' umbrella organisation that coordinates across the provinces.
What is Canadian (CSA) Reporting?
Reporting began in 2015 for the Québec, Manitoba and Ontario jurisdictions and was extended in 2016 to include the remaining provinces and territories.
Firms trading OTC derivatives (swaps) in Canada must report details to a registered Trade Repository (TR). The reporting obligations include:
- Real-time price dissemination reporting to provide transparency on pricing to the market
- Transaction and valuation reporting to allow regulators to monitor for systemic risk
Canadian reporting covers all OTC derivatives including those conducted on a swap execution facility across all five major asset classes.
Like their peer regulators across the G20, the Canadian provinces have been engaged with and closely following global harmonisation efforts such as CPMI-IOSCO’s CDE. In July 2024, they published their long awaited final rules for their transaction reporting rewrite which went live on 25 July 2025.
The rules bring Canadian reporting largely into line with the CFTC ReWrite but also adopt some fields and themes from ESMA’s EMIR Refit.
How we can help
Our ReportShield™ quality assurance services give you the ability to demonstrate appropriate controls over your reporting obligations for PPD and Transaction Reporting. We can also conduct cross-regulation testing to ensure consistency with other regimes and provide remediation of reports.
Accuracy Testing
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Completeness Controls
Our Completeness Controls tool provides comprehensive, independent end-to-end reconciliation Learn more
Control Framework
Together with data quality, a robust control framework is a key expectation of regulators. Learn more
Kaizen Resources
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