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CDS Rule Amendment Notice - Technical Amendments to CDS Procedures Relating to Report Management System Procedures
CDS CLEARING AND DEPOSITORY SERVICES INC. (CDS®)
TECHNICAL AMENDMENTS TO CDS PROCEDURES
REPORT MANAGEMENT SYSTEM PROCEDURES
NOTICE OF EFFECTIVE DATE
A. DESCRIPTION OF THE RULE AMENDMENT
The proposed amendments to the CDS Reporting Procedures provide for the addition of sorting and filtering features for existing reports.
The Procedures marked for the amendments may be accessed at the CDS website at:
http://www.cds.ca/cdsclearinghome.nsf/Pages/-EN-UserDocumentation?Open
[en francais: http://www.cds.ca/cdsclearinghome.nsf/Pages/-FR-Documentation?Open]
The systems changes associated with the proposed procedure amendments were inadvertently made effective on 2007 October 01 prior to the submission of the proposed amendments to CDS's regulatory authorities (Autorité des marchés financiers ["AMF"], Ontario Securities Commission ["OSC"], and the Bank of Canada, collectively "Regulatory Authorities") and CDS's Strategic Development Review Committee. As the proposed procedure amendments are of a technical nature and that retracting the implemented systems changes could have a negative impact on the system generally, CDS decided in consultation with its Regulatory Authorities to retain the systems changes and submit the procedure amendments for review in accordance with the standard practice.
B. REASONS FOR TECHNICAL CLASSIFICATION
The amendments proposed pursuant to this Notice are considered technical amendments. They concern matters of a technical nature in routine operating procedures and administrative practices related to the settlement services.
C. EFFECTIVE DATE OF THE RULE
CDS made these amendments effective on 2007 October 01.
D. QUESTIONS
Questions regarding this notice may be directed to:
Tony Hoffmann
Legal Counsel
The Canadian Depository for Securities Limited
85 Richmond Street West,
Toronto, Ontario, M5H 2C9
Telephone: 416-365-3768 ; Fax: 416-365-1984
e-mail: [email protected]
JAMIE ANDERSON
Managing Director, Legal