OSC Staff Notice of Request for Comment – Material Amendments to CDS Rules – CAD and USD Receivers of Credit Category Credit Rings – CDS Clearing and Depository Services Inc.

The Ontario Securities Commission is publishing for public comment the proposed CDS rule amendments that would make changes to the Canadian dollar and United States dollar Receivers of Credit (“CAD RCP” and “USD RCP”, respectively) category credit rings (“CCR”). Specifically, the amendments require Participants in the CAD RCP and USD RCP CCRs, who have current or potential exposures, to fully cover their own losses with a high degree of confidence. The comment period ends on September 26, 2015.

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