Notice of Commission Approval - Amendments to Market-On-Close System - TSX Inc.

On July 29, 2005, the Commission approved amendments (Amendments) to the rules and policies of TSX. The Amendments provide for three changes to existing Market-On- Close (MOC) procedures: (i) an increase in the duration of the price movement extension period; (ii) the publication of an indicative calculated closing price; and (iii) a revision to the manner in which the calculated closing price is calculated on a "failed" MOC security. The Amendments were published for comment on January 14, 2005, at (2005) 28 OSCB 814. Six comment letters were received during the comment period. A summary of comments received and the responses of the TSX is published in Chapter 13 of this Bulletin.