Notice of Effective Date – Technical Amendments to CDS Procedures – CDSX Procedures and User Guide and Money Market Issue and Entitlements Procedures – CDS Clearing and Depository Services Inc.

A. DESCRIPTION OF THE CDS PROCEDURE AMENDMENT

Background

The form and procedure changes noted below are additional housekeeping items that required updating as the result of the review undertaken by CDS during its review of other procedures related to the issuance, transfer and custody maintenance of the Money Market securities in CDSX. These changes are being made to maintain consistency with wording, provide clearer instructions and to align with procedures already amended and implemented as part of the previous material notice "Issuance of Money Market Securities".

Other housekeeping items included in this notice, are to ensure and maintain consistent wording and accuracy of information.

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

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

Description of Proposed Amendments

Annual Money Market Participant Certification and Annual Custodian Certification

CDS has made changes to the annual certification letters originally published as part of the Issuance of Money Market Securities review in order to ensure that (i) the integrity of the content of the certification letters is maintained; and (ii) the person/s filling out the form completely understand the instructions.

Procedure Amendments

Changes to the procedures are to align with the new changes in processes for Money Market issuance and CDS eligibility. More specifically, when the participant submits information to CDS, either via CDS Solutions webpage or via CDS Services webpage, procedures have been updated to reflect this information because of the changes in process. Other changes are minor wording revisions to ensure explanations are clear and consistent with other procedures currently in place.

CDS Procedure Amendments are reviewed and approved by CDS's Strategic Development Review Committee ("SDRC"). The SDRC determines or reviews, prioritizes and oversees CDS-related systems development and other changes proposed by participants and CDS. The SRDC's membership includes representatives from the CDS Participant community and it meets on a monthly basis.

These amendments were reviewed and approved by the SDRC on April 29, 2010

B. REASONS FOR TECHNICAL CLASSIFICATION

The amendments proposed pursuant to this Notice are considered technical amendments as consequential amendments intended to implement a material rule that has been published for comment pursuant to this protocol which only contain material aspects already contained in the material rule or disclosed in the notice accompanying the material rule.

C. EFFECTIVE DATE OF THE CDS PROCEDURE AMENDMENT

Pursuant to Appendix A ("Rule Protocol Regarding The Review And Approval Of CDS Rules By The OSC") of the Recognition and Designation Order, as amended on November 1, 2006, and Annexe A ("Protocole d'examen et d'approbation des Règles de Services de Dépot et de Compensation CDS Inc. par l'Autorité des marchés financiers") of AMF Decision 2006-PDG-0180, made effective on November 1, 2006, CDS has determined that the proposed amendments will become effective on a date subsequently determined by CDS, and as stipulated in the related CDS Bulletin.

D. QUESTIONS

Questions regarding this notice may be directed to:

Aaron Ferguson
CDS Clearing and Depository Services Inc.
85 Richmond Street West
Toronto, Ontario M5H 2C9

Fax: 416-365-0842
e-mail: [email protected]