Revisiting the “Specified Derivatives” Rulebook for Canadian Investment Funds – An Old Idea Whose Time Has Come

Revisiting the “Specified Derivatives” Rulebook for Canadian Investment Funds – An Old Idea Whose Time Has Come

As previously reported, staff of the Ontario Securities Commission (OSC) has issued welcome guidance in the absence of clearly articulated restrictions on the re-hypothecation of collateral supporting specified derivatives transactions in portfolios of prospectus-qualified investment funds.