Notice of Minister of Finance Approval Memorandum of Understanding regarding the oversight of Market Regulation Services Inc.

Market Regulation Services Inc. Memoranda of Understanding

NOTICE OF MINISTER OF FINANCE APPROVAL
MEMORANDUM OF UNDERSTANDING REGARDING THE OVERSIGHT OF MARKET REGULATION SERVICES INC.

On April 3, 2002, the Minister of Finance approved the Memorandum of Understanding (MOU) regarding oversight of Market Regulation Services Inc. (RS Inc.) between the British Columbia Securities Commission, the Alberta Securities Commission, the Commission des valeurs mobilières du Québec, the Manitoba Securities Commission and the Ontario Securities Commission. The effective date of the MOU is May 1, 2002. RS Inc. will operate as a regulation services provider under the Alternative Trading System (ATS) rules and will administer and enforce trading rules for the marketplaces that retain its services. The MOU includes a protocol for the joint review and approval of rules, the review and approval of material changes to RS Inc.’s operations and the performance of examinations of RS Inc.’s regulation services. The MOU was published in the Bulletin on February 15, 2002 at (2002) 25 OSCB 896.