OSC Staff Notice – Proposed Amendments to CDS Fee Schedule – Issuer Services Program – CDS Clearing and Depository Services Inc.
Staff of the Autorité des marchés financiers, the British Columbia Securities Commission, and the Ontario Securities Commission (CDS' regulators) are publishing this notice as an update to our review of CDS' Issuer Services Program. On November 13, 2014, CDS' notice and request for comment regarding proposed amendments to the CDS fee schedule relating to the issuer services (Issuer Services Program) was published for a 30 day comment period.
CDS would like to amend its fee schedule to start charging fees for services that are currently provided to securities issuers. These services include the (i) issuance of International Security Identification Numbers ("ISINs"), (ii) depository eligibility, securities registration-related services including certificate and late request fees and, (iii) entitlement and corporate action ("E&CA") event management services. CDS received 17 submissions including from representatives of government Issuers, exchange traded fund Issuers, exchange operators, transfer agents and the investment dealer community. Letters from commenters that accepted public disclosure of their submission were published on CDS' website on March 5, 2015.
On April 23, 2015, CDS published their Summary of Public Comments and Responses to the Notice and Request for Comments (Summary). To obtain a copy of CDS' Summary please go to CDS' website at www.cds.ca/resource/en/154.
CDS' regulators are continuing to review CDS' Issuer Services Program.
Questions
Questions with respect to this Notice may be referred to:
Antoinette LeungManager, Market RegulationOntario Securities CommissionTel: (416) 595-8901Email: [email protected]Aaron FergusonClearing Specialist, Market RegulationOntario Securities CommissionTel: 416-593-3676Email: [email protected]Emily SutlicSenior Legal Counsel, Market RegulationOntario Securities CommissionTel: 416-593-2362Email: [email protected]Claude GatienDirector, Clearing housesAutorité des marchés financiersTel: 514 395-0337 extension 4341Toll free: 1-877-525-0337Email: [email protected]Elodie FleurySenior analyst, Clearing housesAutorité des marchés financiersTel.: 514-395-0337, extension 4346Toll free: 1-877-525-0337Email: [email protected]Danielle BoudreauAnalyst, Clearing housesAutorité des marchés financiersTel.: 514-395-0337, extension 4322Toll free: 1-877-525-0337Email: [email protected]Doug MacKayManager, Market and SRO OversightBritish Columbia Securities CommissionTel: (604) 899-6609Email: [email protected]