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NOTICE OF APPLICATION TO VARY THE RECOGNITION

AND DESIGNATION OF THE CANADIAN DEPOSITORY FOR

SECURITIES LIMITED

The Canadian Depository for Securities Limited (CDS) has applied to the Ontario Securities Commission for an order pursuant to subsection 21.2(1) and section 144 of the Securities Act to vary the current recognition and designation order of CDS as a clearing agency.

The Commission is publishing the following documents for a 30-day comment period:

1. Notice and Request for Comment,

2. Application for variation of recognition and designation order,

3. Draft varied and restated recognition and designation order,

4. Draft rule protocol governing the review of CDS rules, and

5. Draft reporting obligations.

These documents can be found in Chapter 13 of this Bulletin.