Notice of Commission Approval - Provisions Respecting Manipulative and Deceptive Activities

MARKET REGULATION SERVICES INC.

AMENDMENT TO THE UNIVERSAL MARKET INTEGRITY RULES

AMENDMENTS TO PROVISION RESPECTING MANIPULATIVE AND DECEPTIVE ACTIVITIES

NOTICE OF COMMISSION APPROVAL

The Ontario Securities Commission has approved amendments to the Universal Market Integrity Rules ("UMIR") and the Policies to vary the requirements related to manipulative and deceptive activities. In addition, the Alberta Securities Commission, the British Columbia Securities Commission, the Manitoba Securities Commission, and, in Quebec, the Autorité des marchés financiers (the "Recognizing Regulators") have also approved the amendments. A copy and description of the amendment was published initially on January 30, 2004 and a revised version of the proposed amendments was republished on August 13, 2004 at (2004) 27 OSCB 7201. Comments letters were received and the final version of the amendments and a summary of the comments received are published in Chapter 13 of this Bulletin.