Inform, Spring 2009

Table of Contents

In this issue...

I am pleased to share with you a few industry accomplishments that CIBC Mellon and one of our parent companies, The Bank of New York Mellon, recently achieved, which I believe reflect our strong day-to-day capabilities and solid capital positions.

While a deadline had previously been set to become DRS eligible (March 31, 2008), at this point in time there is no obligation to participate in the program.

Late last year, the CSA published for public comment significant changes to two national instruments focused on corporate governance.

If implemented as proposed on Jan. 1, 2010, these rule changes would have several important implications for Canadian issuers listed in the U.S.

The Canadian Securities Administrators continues to refine International Financial Reporting Standards (IFRS) for all participants in the Canadian marketplace, as well as further develop industry-specific rules.

This issue by:

Thomas C. MacMillan 

John Fish

James Hinnecke

*  *  *

Inform® is provided for general information purposes only and CIBC Mellon Trust Company, CIBC Mellon Global Securities Services Company, CIBC, The Bank of New York Mellon Corporation and their affiliates make no representations or warranties as to its accuracy or completeness. Readers should be aware the content of this publication should not be regarded as legal, tax, accounting, investment, financial or other professional advice nor is it intended for such use.