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TORONTO – The securities regulatory authorities of Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland and Labrador, Nunavut, Northwest Territories and Yukon today adopted a final rule that sets out a comprehensive regime for regulating the business conduct of dealers and advisers in the over-the-counter (OTC) derivatives market.  For OTC derivatives dealers and advisers, the framework establishes fundamental obligations that are aligned with international standards and include requirements related to fair dealing, conflicts of interest, suitability, reporting non-compliance, and recordkeeping. The business conduct rule is intended to help protect market participants by improving transparency, increasing accountability, and promoting responsible business conduct in the OTC derivatives market.  “Derivatives play a critical role in our financial system, and these robust standards provide valuable protections to participants in the Canadian OTC market,” said Stan Magidson, CSA Chair and Chair and CEO of the Alberta Securities Commission. “This key milestone could not have been achieved without our stakeholders’ meaningful participation and commentary during the entire consultation process.”  The business conduct rule was developed over an extensive three-stage consultation process that included a public roundtable to consider various regulatory, implementation, and compliance matters. In response to comments received during the most recent consultation, the final rule was streamlined to address potential negative impacts on derivatives market liquidity and to reduce implementation burden by better enabling firms to leverage their existing compliance systems. The final rule will become effective on September 28, 2024. Multilateral Instrument 93-101 Derivatives: Business Conduct and its companion policy can be found on participating CSA members’ websites. The British Columbia Securities Commission intends to adopt substantially similar rules at a later date, at which time CSA Staff intends for Multilateral Instrument 93-101 to be converted to a National Instrument.  The CSA, the council of the securities regulators of Canada’s provinces and territories, coordinates and harmonizes regulation for the Canadian capital markets. For media inquiries, please contact: Ilana Kelemen Canadian Securities Administrators media@acvm-csa.ca JP Vecsi  Ontario Securities Commission  media_inquiries@osc.gov.on.ca For investor inquiries, please contact your local securities regulator.

Please be advised that the following documents have been uploaded to the Securities Division Regulatory Instruments section on our website: Multilateral Instrument 25-102 Designated Benchmarks and Benchmark Administrators Companion Policy 25-102CP Designated Benchmarks and Benchmark Administrators  

Only 25% of New Brunswickers know how or where to check the license or registration of financial service providers. Even more alarming is that 65% of New Brunswickers are not aware there is an agency responsible for regulating these professionals.  That’s why the Financial and Consumer Services Commission of New Brunswick (FCNB) recently launched Permission to Pause, an awareness campaign that encourages those shopping for insurance, a new home, taking out a mortgage, or making investments, to give themselves permission to pause and check the license and registration of their financial service providers. “The campaign gives consumers easy access to our online registrant databases and asks registrants to reinforce the importance of checking registration as a trust-building process with their clients,” says Marissa Sollows, FCNB's Director of Communications and Public Affairs. “Permission to pause is a self-care moment - one that encourages consumers to check the license and registration of financial service providers. This ultimately provides consumers with a layer of financial protection.”   And while the campaign, with its nostalgic video game concept, is geared toward millennials navigating life’s biggest financial decisions—Permission to Pause applies to everyone engaging with a financial professional. “These are relationships that are built on trust,” says Sollows. “But how do clients decide their financial professionals are worthy of trust? We think a great first step a consumer can take is to proactively check the FCNB license and/or registration of their financial professionals.” “Permission to Pause will help build consumer confidence and knowledge around why regulation exists, its importance and the expectation for client-side due-diligence,” says Sollows. “That’s how we help build trust in the New Brunswick financial services marketplace as a tool for prosperity and growth.”  Learn more about the campaign. Audio files of Marissa Sollows, Director of Communications and Public Affairs at FCNB Quote 1 Quote 2 Quote 3   The Financial and Consumer Services Commission of New Brunswick (FCNB) is New Brunswick’s financial market authority. We believe in a strong and fair financial marketplace for all. We achieve this through regulation, guidance, and enforcement. We supervise companies and professionals to ensure they meet standards for knowledge, integrity, and business practices. We also provide New Brunswickers with unbiased and trustworthy information to help them make informed spending and investing decisions.  We aim to achieve a trusted and resilient marketplace where New Brunswickers can participate with confidence.  

The Financial and Consumer Services Commission (FCNB) is warning New Brunswick investors that the following company is not registered to deal or advise in securities in New Brunswick: Name: BTYEX Date: September 22, 2023 Address/Location: Cyprus URL(s): https://btyex.co/ Learn about how registration protects investors and use the National Registration Search tool to check if an individual or firm is registered with FCNB.