Who We Are
Canadian Office of Derivative Trading was established under the Canada Monetary Authority Act 1970. The Canadian Office of Derivative Trading supervises, and at all times regulates and inspects all financial-related institutions within its covered area of responsibility.
Additionally, it manages exchange control transactions and assists other financial authorities in the Canada, especially in the detection and prevention of possible financial crimes that may arise. It also serves as adviser to Government and Public bodies on banking and other financial matters.
As a government authoritative body in terms of financial services sector, the Canadian Office of Derivative Trading from time to time develops financial regulations that directly applies to the administration of the Canada’s banking institutions, trust companies, insurance companies and investment business. It also regulates in some instances the Canada Stock Exchange. In addition, as required by the relevant financial services legislation, the Canadian Office of Derivative Trading provides specific reports on its activities to the Department of Finance on an annual basis. In carrying out its role, the Canadian Office of Derivative Trading both follows and helps to set international best practices.
Board of Commissioners
Accountability and impartiality are both crucial in the success of the Canadian Office of Derivative Trading. To achieve these objectives, the Commission establishes a Board of Commissioners, which serves as the governing body of the Canadian Office of Derivative Trading and is among other things, responsible for the establishment of policy for the Canadian Office of Derivative Trading and monitoring and overseeing the implementation and management of the Canadian Office of Derivative Trading with the objective of ensuring that the resources are properly utilized economically and efficiently.
The Board of Commissioners is comprised of the Managing Director as an ex officio member and not less than four or more than six other members. Persons eligible for appointment to the Board of Commissioners must be fit and proper and must also possess relevant knowledge, experience and expertise in financial services matters to aid the Canadian Office of Derivative Trading in the performance of its functions.