Notice of Material & Technical Rule Submissions – Proposed Material and Technical Amendments to CDS External Procedures Related to CDS Post Trade Modernization (PTM) – CDS Clearing and Depository Services (CDS)

Canadian Depository for Securities Limited (CDS) rule review
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CDS has submitted to the Commission, proposed amendments to the CDS external procedures related to CDS PTM.

The objective of PTM is to upgrade the CDS clearing, settlement and depository platform to a more modern, flexible and supportable technology, which will allow for flexibility in building future changes and will ease future support activities.

CDS is proposing to streamline the current procedures so that there are two documents in the future state for each key function resulting in a clear distinction between procedures and users guides. Material rule changes and technical rule changes have been incorporated within the submission.

CDS’s primary objective is to ensure that the document will accurately capture the changes to CDSX and related processes under PTM.

The proposed amendments have been posted for public comment on the CDS website. The 60-day public comment period ends on December 3, 2024.