Following global efforts led by CPMI and IOSCO to standardise OTC derivatives reporting through the Critical Data Elements (CDE) framework, Canada will implement its version of the CDE from July 25, 2025, as announced by the Canadian Securities Administrators (CSA).
Key changes in the revised Canadian reporting rules include:
- Reporting Format
- Additional Validations
- Position-Level Reporting
- Unique Product Identifier (UPI)
- Unique Transaction Identifier (UTI)
- Action and Event Types
- Legacy Trades
