Industry






 

OSC STAFF NOTICE OF REQUEST FOR COMMENT
CDS CLEARING AND DEPOSITORY SERVICES INC. (CDS)
PROPOSED SIGNIFICANT CHANGE TO ELIMINATE CDS FEE REBATES

AND

PROPOSED AMENDMENTS TO ELIMINATE NETWORK CONNECTIVITY FEES

 

The Ontario Securities Commission is publishing the CDS notice for a 60-day public comment period a proposed significant change to the CDS fee model to eliminate the two CDS fee rebates, as well as proposed amendments to eliminate network connectivity fees (the Amendments).

Details of the proposed Amendments are as follows:

• the permanent elimination of the two fee rebates (50/50 rebate and fixed rebate) that are paid annually to
participants on a pro-rata basis based on their use of certain CDS services; and
• the permanent elimination of network connectivity fees currently paid by participants.

The comment period ends February 18, 2020.

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