Canada


Is there any legislation

Canada has not adopted a rule similar to the Volker rule and no such rule has been proposed. For now, Canada appears content to rely on the capital rules and expectations respecting risk management and risk limits.

To which financial institutions do the prohibitions relate?

Not applicable as there is no proposal for such law in Canada.

What exceptions to the ban on proprietary trading are contemplated by the legislation?

Not applicable as there is no proposal for such law in Canada.

Can any other entity within the relevant financial institution’s group of companies carry on the prohibited activity?

Not applicable as there is no proposal for such law in Canada.

When will the proposed legislation come into effect?

Not applicable as there is no proposal for such law in Canada.