Cannada
DERIVATIVES TRANSACTIONS SUBJECT TO THE TR RULE
The Scope Rule sets out the types of derivatives transactions that are subject to reporting requirements. Under the applicable provincial securities legislation of the Participating Jurisdictions, the definition of “derivative” is broad and in some cases includes products and instruments that have not traditionally been considered derivatives. The Scope Rule excludes certain classes of transactions and instruments from the reporting requirement, including, subject to the detailed provisions of the Scope Rule: Exchange-traded futures and options Spot FX transactions that are intended to be physically settled within two business days Commodity derivatives transactions that are intended to be physically settled Compensation products linked to the share price of an issuer or its affiliate Deposit instruments issued by a bank, credit union or trust company Gaming and insurance contracts regulated under Canadian or foreign regulatory regimes