For the purposes of the Act, the regulations and the rules,…
“derivative” means an instrument, agreement or security, the market price, value or payment obligations of which is derived from, referenced to, or based on an underlying interest, other than a contract as defined for the purposes of the Commodity Futures Act;
Lexata note: “derivative” is also defined in s. 1(1) of the OSA and s. 1.1(1) of NI 55-104.