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Courses/Finance/Ethical, Professional, and Regulatory Compliance

Understanding Canada’s New Derivatives Conduct Rule

Master the requirements of MI 93-101 to ensure compliance, manage risk, and navigate the shift to fair dealing in Canada's derivatives market.

Created byContinuum Learning Group
BeginnerUpdated Dec 16, 2025
Understanding Canada’s New Derivatives Conduct Rule

What You'll Learn

check_circleDefine the scope of Canada’s derivatives conduct rule.
check_circleApply the business trigger test to identify dealers.
check_circleClassify Eligible versus Non-Eligible Derivatives Parties.
check_circleMaster fair dealing and conflict of interest obligations.
check_circleNavigate exemptions for foreign dealers and end-users.

About This Course

Master the regulatory landscape of the Canadian over-the-counter (OTC) derivatives market with our specialized course, Understanding Canada’s New Derivatives Conduct Rule. As of September 28, 2024, Multilateral Instrument 93-101: Derivatives: Business Conduct fundamentally transforms the industry, shifting from a historically unregulated "buyer beware" environment to one governed by affirmative conduct standards. This course provides a deep dive into the new regime, designed to align Canada with G20 commitments and protect market participants through enhanced transparency and professional obligations.

From defining the scope of regulation to navigating complex exemptions, this training offers a detailed exploration of the rules affecting dealers, advisers, and end-users. Participants will examine the critical "business trigger" test, the nuanced classification of Eligible Derivatives Parties (EDPs), and the specific compliance infrastructures required to operate legally. Whether you are a compliance officer, a derivatives trader, or a legal professional, this course ensures you are equipped to manage the transition and maintain market integrity.

Key learning outcomes include:

  • Scope and Application: Understand the "business trigger" for determining dealer and adviser status, product determination rules across jurisdictions, and the specific inclusion of short-term institutional foreign exchange contracts.
  • Client Classification: Master the tiered protection model distinguishing between Non-Eligible Derivatives Parties and Eligible Derivatives Parties (EDPs), including the specific waiver requirements for commercial hedgers and high-net-worth individuals.
  • Core Conduct Obligations: Explore universal duties regarding fair dealing, conflict of interest management, tied selling prohibitions, and complaint handling mechanisms.
  • Operational Compliance: Learn the requirements for "Know Your Derivatives Party" (KYDP) verification, suitability determinations, pre-transaction risk disclosures, and daily or quarterly valuation reporting.
  • Governance and Accountability: Review the mandates for senior derivatives managers, board reporting, recordkeeping, and the strict segregation of client assets and margins.
  • Exemptions and Transitions: Navigate the complex web of exemptions for foreign dealers (substituted compliance), CIRO members, Canadian financial institutions, and entities with limited notional amounts.

By the end of this course, you will possess a robust understanding of how to implement and adhere to the business conduct standards that now govern the Canadian capital markets.

Your Instructor

Continuum Learning Group
Continuum Learning Group

Professional Growth Without Borders

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Continuum Learning Group is an international Continuing Professional Development provider delivering high-quality learning experiences across industries and regions. Designed for modern professionals navigating rapidly changing global standards, the organisation offers accessible CPD programs in law, finance, engineering, architecture, healthcare, technology, leadership, and more. Its courses are structured around universal competencies—ethics, compliance, technical proficiency, and emerging trends—ensuring that learners worldwide can maintain professional relevance and meet regulatory expectations. Continuum Learning Group’s mission is to make lifelong learning seamless, borderless, and adaptable to every profession.

Credit Information

Do these courses count toward my professional development requirements?

This portal is provided as a training and development resource for City of Markham employees. Every course is delivered by a qualified subject matter expert or learning organization, is quantifiable in hours, and is verifiable — you receive a documented certificate of completion for every course you finish, stored on LearnFormula indefinitely.

If you hold a professional designation (for example in engineering, accounting, human resources, or law), courses may be counted as professionally relevant, verifiable learning activities toward your continuing professional development. Individual practitioners are responsible for confirming that an activity meets the requirements of their professional body. For questions about the City of Markham's training and development policies, please speak with your people leader or Human Resources.

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Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.