The federal government today introduced Bill C-45, the Jobs and Growth Act, 2012, with the intention of implementing its 2012 budget. Among other things, the Bill contains amendments to the Payment Clearing and Settlement Act to support central clearing of over-the-counter derivatives. As we discussed earlier this year, the CSA released a consultation paper in June proposing that regulators make CCP clearing of eligible OTC derivatives mandatory.

We'll have more on Bill C-45, which is not yet available online, in the coming days.