ISDA has been actively engaged for many years with providing input on regulatory reforms impacting derivatives in major jurisdictions globally, including Canada. ISDA appreciates the opportunity to provide comments to the Canadian Securities Administrators (CSA) in response to the notices and requests for comments regarding the proposed amendments to Multilateral Instrument 96-101 Trade Repositories and Derivatives Data Reporting (MI 96-101) and Companion Policy (MI CP and, together with MI 96-101, the MI Trade Reporting Rule), OSC Rule 91-507 Trade Repositories and Derivatives Data Reporting (OSC Rule 91-507) and Companion Policy (Ontario CP and, together with OSC Rule 91-507, the ON Trade Reporting Rule), Autorité des marchés financiers Regulation to amend Regulation 91-507 respecting Trade Repositories and Derivatives Data Reporting (QC Regulation 91-507) and Policy Statement (QC CP and, together with QC Regulation 91-507, the QC Trade Reporting Rule) and Manitoba Securities Commission Rule 91-507 Trade Repositories and Derivatives Data Reporting (MSC Rule 91-507) and Companion Policy (MB CP and, together with MSC Rule 91-507, the MB Trade Reporting Rule). The MI Trade Reporting Rule, the ON Trade Reporting Rule, the QC Trade Reporting Rule and the MB Trade Reporting Rule are sometimes collectively referred to in this letter as the Trade Reporting Rule.