Notice of Commission Approval – Material Amendments to CDS Rules – Participant Application to Use Functionality for Roles re Securities – CDS Clearing and Depository Services Inc.

 
In accordance with the Rule Protocol between the Ontario Securities Commission (Commission) and CDS Clearing and Depository Services Inc. (CDS), the Commission approved on July 23, 2010 amendments filed by CDS to its rules. The rule amendment corrects two issues that were identified during the drafting of the application form allowing CDS participants to act as an ISIN activator, security validator or custodian of securities that are eligible in CDSX. The rule amendments: (a) limit the requirement for a custodian to submit an application to CDS to Domestic Custodians who are participants; and (b) remove the requirement for Board approval of such applications. A copy and description of these amendments were published for comment on May 14, 2010 at (2010) 33 OSCB 4541. No comments were received.