CDS CLEARING AND DEPOSITORY SERVICES INC. (CDS®)
TECHNICAL AMENDMENTS TO CDS PROCEDURES
NOTICE OF EFFECTIVE DATE
A. DESCRIPTION OF THE CDS PROCEDURE AMENDMENT
Please find attached proposed amendments to CDS Participant Procedures concerning Housekeeping items.
The CDS Procedures marked for the amendments may be accessed at the CDS website at:
Description of Proposed Amendments
The proposed amendments are housekeeping amendments made in the ordinary course of review of CDS’s Participant Procedures. They include the following:
- Post CDSX849 and CDSX850 in “forms online” (existing NSCC-developed forms that were not posted previously)
- On CDSX806, add banking contact information, remove CDSX designated banker information and make minor housekeeping updates
- On CDSX601, remove Halifax regional office and add C2 region service
- On CDSX377, include new deposit and withdrawal message numbers
- On CDSX220, add missing field labels.
CDS Procedure Amendments are reviewed and approved by CDS’s Strategic Development Review Committee (“SDRC”). The SDRC determines or reviews, prioritizes and oversees CDS-related systems development and other changes proposed by participants and CDS. The SRDC’s membership includes representatives from the CDS Participant community and it meets on a monthly basis.
These amendments were reviewed and approved by the SDRC on March 18, 2010.
B. REASONS FOR TECHNICAL CLASSIFICATION
The amendments proposed pursuant to this Notice are considered technical amendments as they are matters of a technical nature in routine operating procedures and administrative practices relating to the settlement services.
C. EFFECTIVE DATE OF THE CDS PROCEDURE AMENDMENT
Pursuant to Appendix A (“Rule Protocol Regarding The Review And Approval Of CDS Rules By The OSC”) of the Recognition and Designation Order, as amended on November 1, 2006, and Annexe A (“Protocole d’examen et d’approbation des Règles de Services de Dépot et de Compensation CDS Inc. par l’Autorité des marchés financiers”) of AMF Decision 2006-PDG-0180, made effective on November 1, 2006, CDS has determined that the proposed amendments will become effective on May 3, 2010.
Questions regarding this notice may be directed to:
Manager, Information Design & Documentation
CDS Clearing and Depository Services Inc.
85 Richmond Street West
Toronto, Ontario M5H 2C9