Derivatives dealer rule worries Canadian energy firms

Companies such as Suncor and TransAlta fear 'huge' costs if they are obliged to register as derivatives dealers and clear all their trades under new rules being considered by Canadian regulators

Canadian flag

Canada's emerging derivatives regulation has raised concern in the oil-rich western province of Alberta – the heartland of the country's energy industry – with companies fearing they will be forced to register as dealers and face a mandatory clearing requirement for all their over-the-counter trades, attendees at Energy Risk Canada heard.

Speaking at the June 17 conference, Jennifer Brodoff, legal counsel for the supply and trading division of Calgary-based oil producer Suncor, described the

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