CDS Rule Amendment Notice - Technical Amendments to CDS Procedures - Housekeeping Items

CDS Clearing and Depository Services Inc. (CDS®)

TECHNICAL AMENDMENTS TO CDS PROCEDURES

HOUSEKEEPING ITEMS

REVISED NOTICE OF EFFECTIVE DATE

A. DESCRIPTION OF THE AMENDMENTS

Background

The proposed amendments are housekeeping amendments made in the ordinary course of review of CDS's Participant Procedures. They include the following:

- Add Euroclear UK Direct Service to the Additional Services section in Chapter 1 of the CDSX Procedures and User Guide;

- Change the ATON field value from NF to NL;

- Replace IDA with its new merger name, Investment Industry Regulatory Organization of Canada ("IIROC"), throughout all CDS participant procedures;

- Update the international deliveries information in Chapter 1 of the Trade and Settlement Procedures;

- Update the CDSX® functions table in the CDSX Procedures and User Guide; and

- Add Euroclear UK Direct and SEB Link services to the list of international services in the CDSX Procedures and User Guide.

The Procedures marked for the amendments may be accessed at the CDS website at:

http://www.cds.ca/cdsclearinghome.nsf/Pages/-EN-blacklined?Open

Description of Proposed Amendments

The following procedures will be impacted by this initiative:

ATON User Guide:

- Chapter 1 Introduction to ATON, Section 1.5

- Chapter 6 Field Values, Section 6.1

CDSX Procedures and User Guide:

- Chapter 1 Introduction to CDSX, Sections 1.1 and 1.12

- Chapter 3 Issue Activities, Section 3.6.5

CDS Reporting Procedures:

- Chapter 24 Trade Matching Reports, Section 24.1

Participating in CDS Services:

- Chapter 6 Registering and Withdrawing from CDS Services, Section 6.26

- Chapter 15 Collateral Pools, Section 15.5.2

Trade and Settlement Procedures:

- Overview

- Chapter 1 Introduction to Trade and Settlement, Section 1.8 and 1.9

- Chapter 6 Trade Matching, Section 6.8

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 RULE

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 these amendments will be effective on September 15, 2008.

These amendments were reviewed and approved by the CDS Strategic Development Review Committee ("SDRC") on July 31, 2008.

D. QUESTIONS

Questions regarding this notice may be directed to:

Eduarda Matos

Legal Counsel

The Canadian Depository for Securities Limited

85 Richmond Street West

Toronto, Ontario M5H 2C9

Telephone: 416-365-3567

Fax: 416-365-1984

e-mail: [email protected]

JAMIE ANDERSON

Managing Director, Legal