Industry

OSC STAFF NOTICE OF REQUEST FOR COMMENT

CANADIAN DERIVATIVES CLEARING CORPORATION (CDCC)

PROPOSED AMENDMENTS TO SECTIONS A-102, A-1A09, RULE A-6 AND DEFAULT MANUAL, AND NEW SECTION A-411 AND NEW RULE A-10 ESTABLISHING THE RECOVERY POWERS

The Ontario Securities Commission is publishing for public comment the amendments to Sections A-102, A-1A09, Rule A-6 and Default Manual, and new Section A-411 and new Rule A-10 of CDCC's Rules. The purpose of the proposed amendments is to introduce and clarify certain notions governing the default management process, clarify the resignation process of a Clearing Member and establish and document the recovery power granted to CDCC in the course of its Default Management process leading to a Recovery Process.

The comment period ends March 20, 2017.

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