Summary Section Content 1With leading derivatives lawyers qualified in Canada and the United States, the BLG Derivatives Group is among the largest and most experienced of its kind in North America. Derivatives trade worldwide and require a global, integrated and leading-edge practice group. BLG’s Derivatives Group serves clients in virtually every industry in Canada and the United States, as well as in the Far East, Asia, Europe and other markets. We assist in novel derivative development, negotiation and documentation and we represent clients before regulators in Canada and the United States. While we have the expertise of many other large firms on Wall Street, in the City and other leading markets around the world, we perform our work in a cost-effective way. BLG’s Derivatives Group is a multi-disciplinary team of lawyers that cuts across our financial services, investment management and energy practice groups. The lawyers in BLG’s Derivatives Group are experienced in negotiating OTC and futures contracts with sell-side and buy-side market participants around the world. Our clients include financial institutions, market intermediaries and securitization conduits as well as a wide variety of derivative end-users, such as mutual funds, hedge funds, pension funds, other investment vehicles, energy producers, insurance companies and other corporate end-users. Our advice covers derivative structuring and document negotiation, regulatory compliance, tri-party collateral control practices and close-out issues. Our clients use a wide range of derivatives, including equity, credit, currency, interest rate, credit default swaps and options, for both hedging and non-hedging purposes. We also advise on compliance and registration requirements for advising on and trading in derivatives in Canada. Publications Section Content 2Note: Many of our publications are also published in the National Banking Law Review and elsewhere. "The Post Reform Guide to Derivatives and Futures," Wiley Finance, 2012. Recent Client Bulletins "BLG Represents First Bitcoin Market Participant to be approved by Canadian Securities Administrators", September 2017"Canadian Government Tables Bail-In Regulations", August 2017"Canadian Business Conduct Rules for Derivatives Dealers", April 2017"Cleared for Clearing — Canadian Rules Finalized on Mandatory Clearing of Derivatives", January 2017"Margin and Collateral Requirements for Non-Centrally Cleared Derivatives – Consultation Paper", July 2016"Canada Further Harmonizes Derivatives Trade Reporting Rules", March 2016"Is it Clear Yet? — Final Countdown to Clearing of Derivatives in Canada", March 2016"Other Canadian Provinces Implement Derivatives Scope and Trade Reporting Rules", February 2016"Proposed Canadian Rule on Customer Clearing and Protection of Customer Collateral and Positions", February 2016"What data related to your reportable derivative transactions will be disseminated publicly in July 2016?", November 2015"Margin Requirements for Non-Centrally Cleared Derivatives", October 2015"Harmonized Derivatives Rules Proposed Across Many Canadian Provinces", August 2015"Compliance Review of Derivative Dealers in Ontario to Start Soon", July 2015"Don’t be late to the party: The CSA releases proposed rules relating to mandatory central counterparty clearing", February 2015"Derivatives Sound Practices – Final Guideline Released For Federally-Regulated Financial Institutions In Canada", February 2015"Further Delays to Derivatives Data Reporting in Ontario and Some Good News for Firms Subject to EU Derivatives Trade Reporting Rules ", February 2015"Discover What You Need to Know About the Canadian OTC Derivatives Trading Facilities Consultation Paper", February 2015"Recovery Framework for Central Counterparties Proposed by ISDA", February 2015"Proposed Derivatives Product Determination and Trade Reporting Rules Announced by Five Additional Provinces", January 2015 Rankings & Recognitions Section Content 3 Ranked as the #1 Law Firm in Canada for Derivatives by Derivatives Weekly. Canada Law Firm of the Year, 2016, 2015 and 2014 Americas Derivatives Awards.Members of the Derivatives Group are also recognized in the 2017 edition of The Canadian Legal Lexpert® Directory. Representative Work Section Content 4Developed leading-edge derivative-based products for investment funds, including clone funds and tax-efficient managed yield funds. Assisted issuers of contracts for differences (CFDs) and foreign exchange products with respect to retail offerings in Canada. Participated in the development of the next-generation of cleared derivatives documentation published in template form by the Futures Industry Association and the International Swaps and Derivatives Association, Inc. Participated in webinars on the August 2012 Dodd-Frank Protocol (DF Protocol) and FATCA Protocol with leading service providers, including Bloomberg and Markit. Prepared derivatives policies that would bring about compliance with applicable statutory law and regulation by parties adhering to the DF Protocol. Advised on compliance, documentation and tax aspects of compliance with the FATCA Protocol. Participated in a series of meetings with the Chairman and Commissioners of the US Commodity Futures Trading Commission (CFTC) to bring about more protective collateral arrangements in the U.S. relating to centrally-cleared derivatives. Provide counsel to a wide range of derivatives market participants with respect to compliance with Title VII of the Dodd–Frank Wall Street Reform and Consumer Protection Act and CFTC exclusions and exemptions to registration in connection with that Act. Assisted an issuer of contract for differences (CFDs) with respect to a retail offering in Canada, including prospectus requirements and exemptions, and facilitated an ongoing dialogue with Canadian securities regulators on policy concerns involving novel derivative instruments. Developed appropriate risk management programs for many market participants, including the preparation of best practices and policies for their boards and management. Developed, advised and negotiated all derivative agreements on behalf of the largest Canadian residential mortgage securitization conduit. Advised securities registrants and counterparties with regards to Canadian derivatives registration and compliance issues and have represented clients with respect to enforcement matters with the Canadian securities regulators.