Notice of Commission Approval - Material Amendments to CDS Rules - Free Payment Restrictions in CDSX

Canadian Depository for Securities Limited (CDS) rule review

September 12, 2008

CDS CLEARING AND DEPOSITORY SERVICES INC.

MATERIAL AMENDMENTS TO CDS RULES

FREE PAYMENT RESTRICTIONS IN CDSX

NOTICE OF COMMISSION APPROVAL

In accordance with the Rule Protocol between the Ontario Securities Commission (Commission) and CDS Clearing and Depository Services Inc. (CDS), the Commission approved on September 9, 2008, amendments filed by CDS to its rules that delete certain restrictions on free payments (i.e. cash only movements) within CDSX. CDS maintains that the current Aggregate Collateral Value (ACV) risk edits and Funds risk edits within CDSX are the more appropriate controls for collateralization and the magnitude of payment risk in CDSX. A copy and description of these amendments were published for comment on July 4, 2008 at (2008) 31 OSCB 6891. No comments were received.