OSC Staff Notice of Request for Comment – Material Amendments to CDS Participant Rules Related to Lines of Credit Requirements for Non-Contributing Receivers of Credit Making Canadian Dollar Settlements – CDS Clearing and Depository Services Inc.

The Ontario Securities Commission is publishing for 30 day public comment material amendments to the CDS Rules relating to lines of credit requirements for Non-Contributing Receivers of Credit making Canadian dollar settlements. The purpose of the proposed participant rule amendments is to require each member of the Non-Contributing Receivers (making Canadian dollar Settlement) Category Credit Ring to have at least two committed lines of credit from liquidity providers who are different members of the Extenders Category Credit Ring.

The comment period ends on September 24, 2018.

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