Notice of Exemption Order – Canadian Depository for Securities Limited and CDS Clearing and Depository Services Inc.

On July 20, 2018, the Ontario Securities Commission (Commission) issued an order pursuant to section 147 of the Securities Act (Ontario) (Order) exempting CDS Ltd. from complying with a fee review requirement in section 20.1 of Schedule “B” of the recognition order for CDS Ltd. and CDS Clearing (collectively, CDS) on the term and condition that the fee review requirement will be met by August 1, 2019.

CDS has continuous and ongoing requirements in its recognition order which ensure that proposed amendments to CDS' fee schedule receive approval by the Commission prior to implementation.

The Order is published in Chapter 2 of this Bulletin.