July 31, 2017

OSFI is seeking comments on the revised draft derivatives guideline titled “Derivatives Sound Practices for Federally Regulated Private Pension Plans.” When finalized, the draft guideline will replace the 1997 guideline “Derivatives Best Practices,” which first outlined expectations for federally regulated private pension plans with respect to derivative activities. Comments are due by September 29, 2017.

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 guideline also sets out OSFI’s expectations for plan administrators that invest in derivatives indirectly through various types of funds, including pooled funds and hedge funds. This guideline is applicable to plan administrators of federally regulated pension plans.

 

Related Link: Guideline

Comment Due Date: September 29, 2017

Keywords: Americas, Canada, Insurance, OTC Derivatives, Exchange Traded Derivatives, Guideline, Pension Plans, OSFI

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