CDS Rule Amendment Notice - Technical Amendments to CDS Procedures - Technical Amendments to CDS Procedures Relating to Pledge: Pending Reason Code

Canadian Depository for Securities Limited (CDS) rule review

CDS CLEARING AND DEPOSITORY SERVICES INC. (CDS®)

TECHNICAL AMENDMENTS TO CDS PROCEDURES

PLEDGE: PENDING REASON CODE

NOTICE OF CHANGE OF EFFECTIVE DATE

The original Notice of Effective Date with an implementation date of September 15, 2008 was published by the Ontario Securities Commission on September 12, 2008 at (2008) 31 OSCB 8864. Due to unforeseen technical issues, the implementation date for this initiative was changed to September 29, 2008. The final revised procedures were posted on CDS' website on September 29, 2008.

The procedures marked for the amendments may be accessed at the CDS website at:

http://www.cds.ca/cdsclearinghome.nsf/Pages/-EN-blacklined?Open

The following procedures were impacted by this initiative:

Pledge and Settlement Procedures:

-- Chapter 3 Inquiring on Pledges

-- Chapter 4 Modifying Pledges, Section 4.1

-- Chapter 7 Pledge Settlement, Section 7.2

Participating in CDS Services:

-- Chapter 14 Collateral Administration, Sections 14.2.5 and 14.2.6

Questions regarding this notice may be directed to:

Eduarda Matos

Legal Counsel

The Canadian Depository for Securities Limited

85 Richmond Street West

Toronto, Ontario M5H 2C9

Telephone: 416-365-3567

Fax: 416-365-1984

e-mail: attention@cds.ca

JAMIE ANDERSON

Managing Director, Legal