The CSA announced today that they are pushing back the date for the implementation of OTC derivatives trade reporting obligations. Clearing agencies and dealers will now have to begin trade reporting on October 31, 2014, while all other OTC derivatives market participants will be required to report beginning on June 30, 2015.

The extension is intended to provide more time for trade repositories currently engaged in the designation or recognition process to develop reporting infrastructure and accept market participants onto their systems.