Clearing Agencies

In securities trading, a clearing agency:

  • acts as an intermediary in paying funds, in delivering securities (or in doing both);
  • provides centralized facilities for clearing trades; or
  • provides centralized facilities as a depository of securities.

The BCSC has issued the following documents related to clearing agencies:

Document Published Format
24-313 CSA Staff’s Review of Proposed Amendments to Fee Schedule of The Canadian Depository for Securities Limited (CDS Limited) and CDS Clearing and Depository Services Inc. (CDS Clearing) (collectively, CDS) [Multilateral CSA Staff Notice] 2015-05-14  
CDS Clearing and Depository Services Inc. Proposed Amendments to CDS Fee Schedule Issuer Services Program 2015-04-23  
CDS Clearing and Depository Service Inc. Revised Recognition Order, see BCN 2014/06 2014-04-17  
Bank of Canda (BOC) Memorandum of Understanding respecting the oversight of certain clearing and settlement systems 2014-03-19  
CDS Clearing and Depository Services Inc. Recognition Order, see BCN 2012/19 2012-08-10  
CDCC Recognition Order, see BCN 2012/19  2012-08-10