Regulation to Amend Regulation 1015 of the Revised Regulations of Ontario, 1990 Made under the Securities Act, Re: OSC Rule 44-102

NOTICE OF MINISTER OF FINANCE APPROVAL OF
FINAL NATIONAL INSTRUMENT 44-102 SHELF DISTRIBUTIONS

AND

NOTICE OF AMENDMENT TO REGULATION 1015 OF
THE REVISED REGULATIONS OF ONTARIO, 1990
MADE UNDER THE SECURITIES ACT
IN CONNECTION WITH NATIONAL INSTRUMENT 44-102

On December 6, 2000, the Minister of Finance approved National Instrument 44-102 Shelf Distributions (the "National Instrument"). Previously, materials related to the National Instrument and Companion Policy 44-102CP (the "Companion Policy") were published in the Bulletin on October 2, 1998 and October 13, 2000. The National Instrument and Companion Policy will come into effect on December 31, 2000.

The Commission is publishing in a Special Supplement to this issue of the OSC Bulletin, the final National Instrument and Companion Policy. The National Instrument and Companion Policy will be published in the Ontario Gazette on January 6th, 2001

The Minister of Finance has also approved a regulation to amend and revoke certain sections of Regulation 1015 of the Revised Regulations of Ontario, 1990 made under the Securities Act (the "Regulation") in connection with the National Instrument. The amendments and revocations to the Regulations will come into force at the time that the National Instrument comes into force and will be published in the Ontario Gazette on January 6th, 2001. The Regulation is published in chapter 9 of this OSC Bulletin.

REGULATION TO AMEND
REGULATION 1015 OF THE REVISED REGULATIONS OF ONTARIO, 1990
MADE UNDER THE
SECURITIES ACT

Note: Since the end of 1999, Regulation 1015 has been amended by Ontario Regulations 3/00, 108/00, 133/00, 222/00, 342/00 and 468/00. Previous amendments are listed in the Table of Regulations published in The Ontario Gazette dated January 22, 2000.

1.The definition of "Shelf Procedures" in subsection 1 (1) of Schedule 1 to Regulation 1015 of the Revised Regulations of Ontario, 1990 is amended by striking out "National Policy Statement No. 44" and substituting "National Instrument 44-102 Shelf Distributions".

2.This Regulation comes into force on the day that the rule made by the Ontario Securities Commission on September 12, 2000 entitled "National Instrument 44-102 Shelf Distributions" comes into force.

Ontario Securities Commission:

"J.A. Geller", Vice-Chair
"Stephen N. Adams", Commissioner

Dated on September 12, 2000.

Note: The rule made by the Ontario Securities Commission on September 12, 2000 entitled "National Instrument 44-102 Shelf Distributions" comes into force on December 31, 2000.