Amendments to Ontario Securities Commission Rule 33-506 (Commodity Futures Act) Registration Information
Amendments to Ontario Securities Commission Rule 33-506 (Commodity Futures Act) Registration Information
AMENDMENTS TO
ONTARIO SECURITIES COMMISSION RULE 33-506
(COMMODITY FUTURES ACT) REGISTRATION INFORMATION
1. Ontario Securities Commission Rule 33-506 (Commodity Futures Act) Registration Information is amended by this Instrument.
2. Section 1.1 is amended by adding the following definitions:
“designated rating organization” has the same meaning as in National Instrument 44-101 Short Form Prospectus Distributions;
“DRO affiliate” has the same meaning as in National Instrument 25-101 Designated Rating Organizations;
“successor credit rating organization” has the same meaning as in National Instrument 44-101 Short Form Prospectus Distributions;.
3. Schedule 1 of Schedule C of Form 33-506F6 Firm Registration is amended by replacing subparagraph (a)(i) with the following:
(i) Bonds, debentures, treasury bills and other securities of or guaranteed by the Government of Canada, of the United Kingdom, of the United States of America and of any other national foreign government (provided those foreign government securities have a current credit rating described in subparagraph (i.1)) maturing (or called for redemption):
within 1 year: |
1% of fair value multiplied by the fraction determined by |
over 1 year to 3 years: |
1% of fair value |
over 3 years to 7 years: |
2% of fair value |
over 7 years to 11 years: |
4% of fair value |
over 11 years |
4% of fair value |
(i.1) A credit rating from a designated rating organization listed below, from a DRO affiliate of an organization listed below, from a designated rating organization that is a successor credit rating organization of an organization listed below or from a DRO affiliate of such successor credit rating organization, that is the same as one of the following corresponding rating categories or that is the same as a category that replaces one of the following corresponding rating categories:
Designated Rating Organization |
Long Term Debt |
Short Term Debt |
DBRS Limited |
AAA |
R-1(high) |
Fitch Ratings, Inc. |
AAA |
F1+ |
Moody’s Canada Inc. |
Aaa |
Prime-1 |
S&P Global Ratings Canada |
AAA |
A-1+ |
4. This Instrument comes into force on June 12, 2018.