As Canada's national securities depository, clearing and settlement hub, CDS Clearing and Depository Services Inc. (CDS) supports Canada's equity, fixed income and money markets.
CDS is regulated by the Ontario, Quebec and British Columbia securities commissions and the Bank of Canada, with working and reporting relationships with the Canadian Securities Administrators (CSA), other provincial and territorial securities authorities and the Office of the Superintendent of Financial Institutions.
Systemically important to Canada's capital markets
CDS is pivotal to the integrity and smooth functioning of Canada's capital markets. As a result, CDS has been designated as a securities and derivatives clearing house under the federal Payment Clearing and Settlement Act and is overseen by the Bank of Canada through its regulation of designated systemically important systems, including CDS's CDSX®.
Federal protection-of-securities regulations allow CDS to act as a custodian of securities for federally incorporated institutions, such as banks, trust and loan companies, insurance companies and pension funds.