OSC Staff Notice of Request for Comment – Material Amendments to CDS Procedures relating to Cessation of Eligibility of Physical Certificates for Deposit at CDS – CDS Clearing and Depository Services Inc.

The Ontario Securities Commission is publishing for 30 day public comment material amendments to the CDS Procedures relating to cessation of eligibility of physical certificates for deposit at CDS. The purpose of the proposed procedure amendments is to eliminate an issuer’s option to deposit new physical security certificates at CDS and to promote immobilization and dematerialization of securities.

The comment period ends on January 14, 2017.

A copy of the CDS Notice is published on our website at https://www.osc.ca.