OSC Staff Notice of Request For Comment – Proposed Amendments to Rules, Operations Manual, Risk Manual and Default Manual of the Canadian Derivatives Clearing Corporation to Introduce a Supplemental Liquidity Fund – Canadian Derivatives Clearing Corporation (CDCC)

 
The Ontario Securities Commission is publishing for public comment the proposed amendments to the CDCC Rules, Operations Manual, Risk Manual and Default Manual to introduce a supplemental liquidity fund.

The purpose of the proposed amendments is to comply with Principal 7 “Liquidity Risk” of the Principles for Financial Market Infrastructure (PFMI) published in 2012 by CPMI-IOSCO and ensure that sufficient liquid resources are available to CDCC to cover potential liquidity stress scenarios.

The comment period ends on September 27, 2021.

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