Notice of Request for Comment – Proposed Amendments to Sections A-102, A-1A09, Rule A-6 and Default Manual, and New Section A-411 and New Rule A-10 Establishing the Recovery Powers – Canadian Derivatives Clearing Corporation (CDCC)

Canadian Derivatives Clearing Corporation rule review

 
The Ontario Securities Commission is publishing for public comment the amendments to Sections A-102, A-1A09, Rule A-6 and Default Manual, and new Section A-411 and new Rule A-10 of CDCC's Rules. The purpose of the proposed amendments is to introduce and clarify certain notions governing the default management process, clarify the resignation process of a Clearing Member and establish and document the recovery power granted to CDCC in the course of its Default Management process leading to a Recovery Process.

The comment period ends March 20, 2017.

A copy of the CDCC Notice is published on our website at http://www.osc.gov.on.ca.