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B.C. Reg. 40/2026, deposited March 24, 2026, under the SECURITIES ACT [section 184]. Rule of the British Columbia Securities Commission, dated March 20, 2026.
The British Columbia Securities Commission orders that, effective March 25, 2026, National Instrument 94-101 Mandatory Central Counterparty Clearing of Derivatives, B.C. Reg. 129/2017, is amended as set out in the attached Schedule.
— B. LEONG, British Columbia Securities Commission.
Schedule
1 National Instrument 94-101 Mandatory Central Counterparty Clearing of Derivatives, B.C. Reg. 129/2017, is amended as set out in this Schedule.
2 Appendix A is repealed and the following substituted:
Appendix A
to
National Instrument 94-101 Mandatory Central Counterparty Clearing of Derivatives
Mandatory Clearable Derivatives
(Subsection 1 (1))
Interest Rate Swaps
| Fixed-to-float swaps |
|||||
|---|---|---|---|---|---|
| Floating |
Settlement |
Maturity |
Settlement |
Optionality |
Notional |
EURIBOR |
EUR |
28 days to 50 years |
Single currency |
No |
Constant or variable |
BBSW |
AUD |
28 days to 30 years |
Single currency |
No |
Constant or variable |
| Basis swaps |
|||||
|---|---|---|---|---|---|
| Floating |
Settlement |
Maturity |
Settlement |
Optionality |
Notional |
EURIBOR |
EUR |
28 days to 50 years |
Single currency |
No |
Constant or variable |
| Overnight index swaps |
|||||
|---|---|---|---|---|---|
| Floating |
Settlement |
Maturity |
Settlement |
Optionality |
Notional |
| Floating rate index |
Settlement currency |
Maturity |
Settlement currency type |
Optionality |
Notional type |
CORRA |
CAD |
7 days to 30 years |
Single currency |
No |
Constant |
FedFunds |
USD |
7 days to 3 years |
Single currency |
No |
Constant |
SOFR |
USD |
7 days to 50 years |
Single currency |
No |
Constant |
€STR |
EUR |
7 days to 3 years |
Single currency |
No |
Constant |
SONIA |
GBP |
7 days to 50 years |
Single currency |
No |
Constant |
Forward Rate Agreements
| Floating |
Settlement |
Maturity |
Settlement |
Optionality |
Notional |
|---|---|---|---|---|---|
EURIBOR |
EUR |
3 days to 3 years |
Single currency |
No |
Constant |
Credit Default Swaps
| Index |
Region |
Maturity |
Applicable series |
Tranched |
|---|---|---|---|---|
CDX.NA.IG |
North America |
5 years and 10 years |
Series 47 and subsequent series |
No |
CDX.NA.HY |
North America |
5 years |
Series 47 and subsequent series |
No |
iTraxx Europe |
Europe |
5 years |
Series 46 and subsequent series |
No |
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