Technical Amendments to CDS Rules - Money Market Issue and Entitlement Procedures

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

THE CANADIAN DEPOSITORY FOR SECURITIES LIMITED

TECHNICAL AMENDMENTS TO CDS RULES

MONEY MARKET ISSUE AND ENTITLEMENT PROCEDURES

NOTICE OF COMMISSION APPROVAL

A. Description of the Rule Amendments

The amendments described in this Notice concern amendments to the Money Market Issue and Entitlement Procedures which provide the maturity codes for money market ISINs.

The procedures marked for the amendments may be accessed at the CDS website at http://www.cds.ca.

Specifically, these amendments address the following:

1. Section 2.2.1 -- (Maturity codes for manually calculating ISINs) of the Money Market Issue and Entitlement Procedures (Release 1.5) has been amended to provide a rotating four cycle set of maturity codes which will be applied each year in the future. The current version of Section 2.2.1 provides only the maturity codes for specified years and must be updated periodically while the updated version provides for a rotating system of maturity codes that will be applied year after year.

2. Section 2.2.2 (Calculating ISINs) of the Money Market Issue and Entitlement Procedures (Release 1.5) has been amended to update the example which illustrates how to create a money market ISIN. The amended illustration utilizes a date in 2008.

B. Reasons for Technical Classification

The amendments proposed pursuant to this Notice are considered technical amendments. These amendments concern matters of a technical nature in routine operating procedures and administrative practices relating to settlement services.

C. Effective Date of the Rule

The effective date for these amendments is November 7, 2005.

D. Questions

Questions regarding this notice may be directed to:

Michael Brady,

Senior Legal Counsel,

The Canadian Depository for Securities Limited,

85 Richmond Street West,

Toronto, Ontario M5H 2C9

Telephone: 416-365-8395

Fax: 416-365-1984

e-mail: [email protected]

TOOMAS MARLEY,
VICE-PRESIDENT, LEGAL AND CORPORATE SECRETARY