Notice of Commission Approval – Material Amendments to CDS Procedures – Amendments to Buy-in Messaging – CDS Clearing and Depository Services Inc.

Market Regulation Document Type
Canadian Depository for Securities Limited (CDS) rule review

In accordance with the Rule Protocol between the Ontario Securities Commission (Commission) and CDS Clearing and Depository Services Inc. (CDS), the Commission approved on May 14, 2013, amendments filed by CDS to its procedures relating to buy-in messaging, which forms part of the “buy-in” process in the Continuous Net Settlement Service (CNS). The amendments will add certain automated messaging options for the buy-in process, as an alternative to manual input into CDS systems. A copy and description of the procedural amendments were published for comment on March 14, 2013 at (2013) 36 OSCB 2856. No comments were received.