OSC Staff Notice of Request for Comment - Material Amendments to CDS External Procedures Related to Liquidity Risk Management

Canadian Depository for Securities Limited (CDS) rule review

OSC STAFF NOTICE OF REQUEST FOR COMMENT

CDS CLEARING AND DEPOSITORY SERVICES INC. (CDS®)


MATERIAL AMENDMENTS TO CDS EXTERNAL PROCEDURES RELATED TO LIQUIDITY RISK MANAGEMENT

 

 

The Ontario Securities Commission is publishing for 30-day public comment material amendments to the CDS External

Procedures relating to liquidity risk management. The purpose of the proposed procedures amendments is to enhance CDS’s liquidity risk management by requiring Participants to provide money in Canadian dollars as the sole type of eligible collateral permitted in satisfying certain collateral requirements such as the Default Fund and the Supplemental Liquidity Fund.

The comment period ends on January 13, 2020.

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