The Global Foreign Exchange Division (GFXD) provides comments to the Canadian Securities administrators on the Consultation Paper 91-402 Derivatives: Trade Repositories.  The Canadian administrators include the Alberta Securities Commission, Autorité des marchés financiers, the British Columbia Securities Commission, the Manitoba Securities Commission, the New Brunswick Securities Commission, the Ontario Securities Commission, and the Saskatchewan Financial Services Commission.

GFXD addresses a number of issues surrounding the implementation of a trade repository for foreign exchange transactions and to respond on the specific questions raised in the document with the aim of aligning and coordinating development work as closely as possible to the benefit of both regulators and industry.

The GFXD was formed in co-operation with SIFMA, the Association for Financial Markets in Europe (AFME) and the Asia Securities Industry and Financial Markets Association (ASIFMA).