IIAC RESPONDS TO CDS PROPOSED FEE MODEL CHANGES
The IIAC responded to CDS’s revised set of fee model changes. Among other things, the proposed changes would result in the full and permanent elimination of fee rebates currently paid to CDS participants. CDS maintains the changes are necessary to help fund current and future technology initiatives at CDS while also delivering a suitable rate of return on the TMX Group’s investment in CDS. The IIAC has raised several concerns and is urging the CSA to consider the extent to which the proposals achieve proper balance between the incentives of CDS and the protections required by users of its services. To view the IIAC letter click here. For additional information contact Jack Rando.