Designation and Determination by the Executive Director - ss. 6(3)
IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, CHAPTER S.5, AS AMENDED (the "Act")
AND
IN THE MATTER OF THE DESIGNATION AND DETERMINATION BY THE EXECUTIVE DIRECTOR
AMENDMENT
(Subsection 6(3))
WHEREAS:
A. on April 12, 1999, the Ontario Securities Commission (the "Commission") issued an assignment (the "April 1999 Assignment"), pursuant to subsection 6(3) of the Act, assigning certain of its powers and duties under the Act to each "Director", as that term is defined in subsection 1(1) of the Act, acting individually;
B. the April 1999 Assignment provides that the Executive Director of the Commission shall from time to time determine which one or more other Directors, in each case acting alone, should, as an administrative matter, exercise each of the powers or perform each of the duties assigned by the Commission in paragraph 2 of the April 1999 Assignment, each of which powers may also be exercised and duties performed by the Executive Director, acting alone;
C. on February 15, 2000 the Commission issued a designation and determination (the "Existing Designation and Determination") whereby the Executive Director:
(1) revoked the previous designation and determination;
(2) designated certain positions for the purpose of the definition of "Director" contained in subsection 1(1) of the Act;
(3) determined which one or more Directors shall, in addition to the Executive Director, exercise each of the powers or perform each of the duties assigned by the Commission to Directors pursuant to the Commission Assignment; and
D. it is considered desirable to amend the Existing Designation and Determination in order to also designate Senior Counsel in the Capital Markets Branch for the purpose of the definition of "Director" in subsection 1(1) of the Act;
NOW THEREFORE, the Executive Director hereby amends paragraph 2 of the Existing Designation and Determination by deleting the word "and" between clauses (c) and (d), inserting the word "and" after clause (d), and adding thereto the following:
(e) each Senior Counsel in the Capital Markets Branch of the Commission;
DATED at Toronto this 13th day of October, 2000.
"Charlie Macfarlane"