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CDS CLEARING AND DEPOSITORY SERVICES INC.

MATERIAL AMENDMENTS TO CDS PROCEDURES – CDS-DTCC PAYMENT SERVICE

NOTICE OF COMMISSION APPROVAL

In accordance with the Rule Protocol between the Ontario Securities Commission (Commission) and CDS Clearing and Depository Services Inc. (CDS), the Commission approved on March 14, 2017 Material Amendments to CDS Procedure – CDS-DTCC Payment Service.

A copy of the CDS notice was published for comment on December 01, 2016 on the Commission's website at: http://www.osc.gov.on.ca. No comments were received.