CDS Notice of Commission Approval - Material Amendments to CDS Rules Relating to Entitlement Payments

THE CANADIAN DEPOSITORY FOR SECURITIES LIMITED

MATERIAL AMENDMENTS TO CDS RULES

ENTITLEMENT PAYMENTS

NOTICE OF COMMISSION APPROVAL

The Ontario Securities Commission approved on December 13, 2005, the amendments filed by The Canadian Depository for Securities Limited (CDS) relating to entitlement payments processing. The amendments reflect agreements with financial institutions to process their own "on us" cheques for entitlement payments flowing through CDS. A copy and description of these amendments was published on October 21, 2005 at (2005) 28 OSCB 8802. No comments were received.