Examples of Proposed Registration in a sentence
The requirements in the Proposed Registration Rule and the Proposed Business Conduct Rule should come into effect concurrently, with sufficient time allowed to implement appropriate policies and procedures, train relevant personnel, receive any required representations, execute any required amendments to counterparty documentation and put in place any new required counterparty documentation.
ISDA therefore proposes that an exemption for derivatives transactions conducted with a Canadian derivatives dealer be included in the Proposed Registration Rule and the Proposed Business Conduct Rule.
ISDA further recommends that, in order to ensure consistency with the Proposed Registration Rule, which provides for a carve-out for crown corporations in Subsection 5(c), the Proposed Business Conduct Rule should also provide an exemption for crown corporations.
Furthermore, as discussed in the Proposed Registration Rule Comment Letter, a foreign derivatives dealer should not need to apply to any securities regulator or securities regulatory authority in Canada for exemptive or discretionary relief from the Proposed Business Conduct Rule when such an entity, by way of an exclusion or exemption, is not required to make any similar application in its home jurisdiction.
If the CSA resolves to list substituted compliance jurisdictions in an appendix to each of the Proposed Registration Rule and Proposed Business Conduct Rule ISDA urges the CSA to harmonize the jurisdictions and availability of exemptions applicable to those jurisdictions on each list.