Canadian Â鶹´«Ã½ Administrators issues exemptions for repo facility access
25 July 2025 Canada
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The Canadian Â鶹´«Ã½ Administrators (CSA) has issued coordinated blanket orders granting exemptive relief to facilitate access to the Bank of Canada’s Contingent Term Repo Facility (CTRF) for eligible investment funds.
The blanket orders — which cover a number of provinces including Alberta, Nova Scotia, and Québec — remove restrictions that would have impeded eligible investment funds from being able to participate in the CTRF.
It also facilitates access to a potential liquidity risk management tool for eligible investment funds to proactively manage their liquidity during times of severe market conditions.
The CTRF is designed to support the stability of the Canadian financial system and to counter future, severe market-wide liquidity stresses.
It is activated and deactivated at the Bank’s discretion and offers Canadian-dollar funding for a term of up to 30 days to eligible participants against securities issued or guaranteed by the Government of Canada or a provincial government, the CSA says.
Investment funds with exposure to Canadian dollar money market or fixed income securities may need to access the CTRF to better manage their liquidity if there is a severe market-wide liquidity stress event.
The CSA, — the council of the securities regulators of Canada’s provinces and territories — co-ordinates and harmonises regulation for the Canadian capital markets.
The blanket orders — which cover a number of provinces including Alberta, Nova Scotia, and Québec — remove restrictions that would have impeded eligible investment funds from being able to participate in the CTRF.
It also facilitates access to a potential liquidity risk management tool for eligible investment funds to proactively manage their liquidity during times of severe market conditions.
The CTRF is designed to support the stability of the Canadian financial system and to counter future, severe market-wide liquidity stresses.
It is activated and deactivated at the Bank’s discretion and offers Canadian-dollar funding for a term of up to 30 days to eligible participants against securities issued or guaranteed by the Government of Canada or a provincial government, the CSA says.
Investment funds with exposure to Canadian dollar money market or fixed income securities may need to access the CTRF to better manage their liquidity if there is a severe market-wide liquidity stress event.
The CSA, — the council of the securities regulators of Canada’s provinces and territories — co-ordinates and harmonises regulation for the Canadian capital markets.
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