Industry

OSC STAFF NOTICE OF COMMISSION APPROVAL

CDS CLEARING AND DEPOSITORY SERVICES INC.

MATERIAL AMENDMENTS TO CDS PROCEDURES --

REAL TIME CNS SETTLEMENT AND CNS SETTLEMENT HOLD

In accordance with the Rule Protocol between the Ontario Securities Commission (Commission) and CDS Clearing and Depository Services Inc. (CDS), the Commission approved on July 12, 2011, amendments filed by CDS to its procedures relating to the real time CNS settlement and the implementation of CNS settlement hold functionality. The amendments provide participants with information related to the system changes that are required to replace the current intraday CNS cycles with the real time CNS cycle and to implement the CNS Hold functionality. A copy and description of the procedural amendments were published for comment on May 6, 2011 at (2011) 34 OSCB 5365. No comments were received.