Industry

OSC STAFF NOTICE OF REQUEST FOR COMMENT

CANADIAN DERIVATIVES CLEARING CORPORATION (CDCC)

PROPOSED AMENDMENTS TO
THE RULES, RISK MANUAL AND OPERATIONS MANUAL WITH RESPECT TO
LIQUIDITY RISK MANAGEMENT

 

The Ontario Securities Commission is publishing for public comment the amendments to CDCC’s Rules, Risk Manual and Operations Manual with respect to liquidity risk management. The purpose of the proposed amendments is to enhance CDCC’s observance of Principle 7 of the PFMIs by requiring Clearing Members to satisfy their contributions to CDCC’s Clearing Fund by using only one form of acceptable eligible collateral: money in Canadian dollars.

The comment period ends December 9, 2019.

A copy of the CDCC Notice is published on our website at http://www.osc.gov.on.ca.