OSC Staff Notice of Request for Comment – Material Amendments to CDS Procedures – Mitigation of Procyclical Effects on Calculations of Equity Haircuts and the CNS Participant Fund Collateral Requirements – CDS Clearing and Depository Services Inc.

The Ontario Securities Commission is publishing for public comment the proposed CDS procedure amendments related to the mitigation of procyclical effects on calculations of equity haircuts and the CNS Participant fund collateral requirements.  These amendments are required by CDS to observe the CPSS-IOSCO Principles for Financial Market Infrastructures “PFMI” as soon as possible. The comment period ends on December 19, 2014.

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