Technical Amendments to CDS Rules - Money Market Issue and Entitlement Procedures
THE CANADIAN DEPOSITORY FOR SECURITIES LIMITED
TECHNICAL AMENDMENTS TO CDS RULES
MONEY MARKET ISSUE AND ENTITLEMENT PROCEDURES
NOTICE OF COMMISSION APPROVAL
A. Description of the Rule Amendments
The amendments described in this Notice concern amendments to the Money Market Issue and Entitlement Procedures which provide the maturity codes for money market ISINs.
The procedures marked for the amendments may be accessed at the CDS website at http://www.cds.ca.
Specifically, these amendments address the following:
1. Section 2.2.1 -- (Maturity codes for manually calculating ISINs) of the Money Market Issue and Entitlement Procedures (Release 1.5) has been amended to provide a rotating four cycle set of maturity codes which will be applied each year in the future. The current version of Section 2.2.1 provides only the maturity codes for specified years and must be updated periodically while the updated version provides for a rotating system of maturity codes that will be applied year after year.
2. Section 2.2.2 (Calculating ISINs) of the Money Market Issue and Entitlement Procedures (Release 1.5) has been amended to update the example which illustrates how to create a money market ISIN. The amended illustration utilizes a date in 2008.
B. Reasons for Technical Classification
The amendments proposed pursuant to this Notice are considered technical amendments. These amendments concern matters of a technical nature in routine operating procedures and administrative practices relating to settlement services.
C. Effective Date of the Rule
The effective date for these amendments is November 7, 2005.
D. Questions
Questions regarding this notice may be directed to:
Michael Brady,
Senior Legal Counsel,
The Canadian Depository for Securities Limited,
85 Richmond Street West,
Toronto, Ontario M5H 2C9
Telephone: 416-365-8395
Fax: 416-365-1984
e-mail: [email protected]