OSC Staff Notice of Request for Comment – Proposed Significant Change to Eliminate CDS Fee Rebates and Proposed Amendments to Eliminate Network Connectivity Fees – CDS Clearing and Depository Services Inc.

The Ontario Securities Commission is publishing the CDS notice for a 60-day public comment period a proposed significant change to the CDS fee model to eliminate the two CDS fee rebates, as well as proposed amendments to eliminate network connectivity fees (the Amendments).

Details of the proposed Amendments are as follows:

• the permanent elimination of the two fee rebates (50/50 rebate and fixed rebate) that are paid annually to participants on a pro-rata basis based on their use of certain CDS services; and
• the permanent elimination of network connectivity fees currently paid by participants.

The comment period ends February 18, 2020.

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