Canadian Business Conduct Rule – Foreign Derivatives Dealer Notice
Westpac Banking Corporation is a foreign derivatives dealer under Canadian National Instrument 93-101 Derivatives: Business Conduct (the “Business Conduct Rule”).
An exemption from complying with the requirements of the Business Conduct Rule is available to foreign derivative dealers that are regulated under Australian law when trading with an eligible derivatives party, subject to certain conditions. This includes providing a notice to the eligible derivatives party in accordance with section 39(2)(b) of the Business Conduct Rule (“Foreign Derivative Dealer Notice”).
Westpac Banking Corporation will be relying on the foreign derivatives dealer exemption set out in section 39 of the Business Conduct Rule when trading with an eligible derivatives party. A copy of its Foreign Derivatives Dealer Notice can be accessed using the link below.
Foreign Derivatives Dealer Notice - Canadian Business Conduct Rule (PDF 135KB)