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APPLICATION TO VARY THE RECOGNITION AND DESIGNATION ORDER OF

THE CANADIAN DEPOSITORY FOR SECURITIES LIMITED AND

CDS CLEARING AND DEPOSITORY SERVICES INC.

NOTICE OF APPROVAL

On August 9, 2007, the Commission issued an order pursuant to section 144 of the Securities Act (Ontario) varying the recognition and designation order of The Canadian Depository for Securities Limited and CDS Clearing and Depository Services Inc. (collectively, "CDS") in connection with certain proposed changes to CDS's governance structure.

The Commission published for comment the CDS application on June 1, 2007 at (2007) 30 OSCB 5185. No comments were received.

The order is published in Chapter 2 of this bulletin.