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THE CANADIAN DEPOSITORY FOR SECURITIES LIMITED

TECHNICAL AMENDMENTS TO CDS RULES

TRADE AND SETTLEMENT PROCEDURES

RELATING TO EXCHANGE TRADES

NOTICE OF COMMISSION APPROVAL

A. Description of the Rule Amendment

The amendments to CDS' Trade and Settlement Procedures described in this Notice pertain to changes to the activities that Participants of The Canadian Depository for Securities Limited ("CDS") may perform in relation to information relating to trades executed on an exchange and provided to CDS.

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

Section 3.1 of the Trade and Settlement Procedures has been amended to accurately reference the activities which may be undertaken by CDS Participants. As Participants may no longer modify settlement control indicators for trades targeted to be settled through the certificate-based settlement ("CBS"), (as a result of the CDS decision not to accept CBS trades for settlement) the reference to the Participant's ability to modify their settlement control indicators has been deleted. In addition the reference to the "reconciliation of trades" has been deleted as CDS now provides trade reconciliation services on the Participant's behalf.

An additional point has been added to Section 3.1 to describe the files that Participants are to receive from CDS on a daily basis which are referenced as the "domestic exchange trade recognition files". Additional wording has been added to Section 3.4 of the Trade and Settlement Procedures to reference the same files. In addition, a reference to "CDS Batch and Interactive Services -- Technical Information" has been added to ensure that Participants are aware information relating to reconciliation files has been provided in that document.

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. The implementation of the amendments to the Procedures described above will have no significant impact on the systems or operations of a Participant and will not result in Participant systems changes.

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: attention@cds.ca

TOOMAS MARLEY,
VICE-PRESIDENT, LEGAL AND CORPORATE SECRETARY