OSC STAFF NOTICE OF REQUEST FOR COMMENT
CANADIAN DERIVATIVES CLEARING CORPORATION (CDCC)
OMNIBUS AMENDMENTS TO RULE A AND D-6,
THE OPERATIONS, RISK AND DEFAULT MANUALS OF
THE CANADIAN DERIVATIVES CLEARING CORPORATION
INTRODUCING THE LIMITED CLEARING MEMBERS CATEGORY AND
ESTABLISHING ADDITIONAL RECOVERY POWERS (RECOVERY PHASE 2)
The Ontario Securities Commission is publishing for 60 day public comment the omnibus amendments to Rule A and D-6 of CDCC’s Rules as well as to the Operations Manual, Risk Manual and Default Manual. The purpose of the proposed amendments is to create a new category of Fixed Income Clearing Members, the “Limited Clearing Members”, for qualified buy-side firms, enhance its Default Management process and establish and document additional recovery power granted to CDCC in the course of its Recovery Process.
The comment period ends on November 6, 2017.
A copy of the CDCC Notice is published on our website at http://www.osc.gov.on.ca.