Notice of Commission Approval - Amendment to Recognition Order of TSX Group Inc. and TSX Inc. to Reflect Changes to the Definition of an Independent Director - TSX Group Inc. and TSX Inc.

TSX Group Inc. and TSX Inc.

On August 12, 2005, the Commission approved the following documents in connection with changes to the definition of an independent director in the recognition order of TSX Group Inc. (TSX Group) and TSX Inc. (TSX):

(a) An amended and restated recognition order for TSX Group and TSX. A copy is published in Chapter 2 of this bulletin.

(b) Board standards on the independence of directors for TSX Group and TSX. A copy is published in Chapter 13 of this bulletin.

On April 22, 2005, the Commission published for comment the application to amend the recognition order of TSX Group and TSX at (2005) 28 OSCB 3917. No comments were received.

TSX Venture Exchange Inc.

On August 12, 2005, the Commission also approved an amended and restated exemption order for TSX Venture Exchange Inc. to reflect changes to the definition of an independent director. A copy is published in Chapter 2 of this bulletin.