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CSA Consultation Paper 92-401 Derivatives Trading Facilities
Letter Summary:
we do not believe pre-trade transparency requirements should apply to OTC derivatives that have not been mandated to be traded on DTFs. However, if pre-trade transparency requirements will apply, indicative (non-firm) bids and offers may be appropriate.
Overview of the Council’s Comments:
The Canadian Advocacy Council for Canadian CFA Institute Societies (the CAC) appreciates the opportunity to comment on and wishes to provide comments on the following specific questions posed with respect to the Proposed Amendments.