CDS Rule Amendment Notice - Technical Amendments to CDS Procedures Relating to Report Management System Procedures

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

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