OSC Staff Notice of Request for Comment – Material Amendments to Participant Rules – Automatic and Discretionary Suspension – CDS Clearing and Depository Services Inc.

The Ontario Securities Commission is publishing for 30 day public comment material amendments to the CDS Participant Rules relating to Automatic and Discretionary Suspension. The proposed rule amendments remove the Automatic Suspension rule, amend the Discretionary Suspension rule to include additional criteria for consideration, and insert a provision under the Discretionary Suspension rule to facilitate the continued access to CDS services by CDS Participants who are Canada Deposit Insurance Corporation members or subsidiaries of member institutions, and who are subject to resolution under the Canada Deposit Insurance Act.

The comment period ends on November 19, 2016.

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