Notice of Commission Approval - Material Amendments to CDS Procedures Relating to CAVALI Link Service

CDS CLEARING AND DEPOSITORY SERVICES INC.

MATERIAL AMENDMENTS TO CDS PROCEDURES

CAVALI LINK SERVICE

NOTICE OF COMMISSION APPROVAL

On November 14, 2008, the Commission approved amendments to the procedures of CDS Clearing and Depository Services Inc. (CDS) relating to the CAVALI Link Service, in accordance with the Rule Protocol Regarding the Review and Approval of CDS Clearing and Depository Services Inc. Rules by the Ontario Securities Commission. The amendments will inform participants of CDS that they can settle trades with participants of CAVALI S.A. I.C.L.V., the central securities depository for Peru, on a free of payment basis within CDSX for securities that are CDSX-eligible. A notice and description of the amendments was published, together with a request for comment, in the Commission’s Bulletin on September 12, 2008, at (2008) 31 OSCB 8871. No comment letters were received regarding the amendments.