Digital asset funds are no longer eligible for reduced margin exemptions in Canada under the country’s latest quarterly list.
The Canadian Investment Regulatory Organization recently updated the List of Securities Eligible for Reduced Margin (LSERM), with digital asset funds the notable exclusion.
“Until further notice, cryptocurrency funds are not eligible for reduced margin. This eligibility status also applies to cryptocurrency funds against which OCC options are traded. For cryptocurrency funds, margin eligibility may be otherwise determined according to [other requirements],” CIRO’s guide now states.
In Canada, the LSERM lists securities that regulators allow a…
