Commission Approval of Amendment: Certain Reporting Issuers [including National Policy Statement No. 41]

NOTICE OF AMENDMENT TO RULE UNDER THE SECURITIES ACT

IN THE MATTER OF CERTAIN REPORTING ISSUERS [INCLUDING NATIONAL POLICY STATEMENT NO. 41]

Notice of Amendment

The Commission has, under section 143 of the Securities Act (the "Act"), amendedthe rule entitled In the Matter of Certain Reporting Issuers [including National PolicyStatement No. 41] (1997), 20 OSCB 1219, as amended (1999), 22 OSCB 152 and(2000), 23 OSCB 288 (the "Rule"). The amendment extends the expiration date ofthe Rule from December 31, 2000 to December 31, 2001. This amendment,however, does not materially change the Rule and, accordingly, under section143.2 of the Act, the Commission has not published the amendment for comment.

The amendment and the material required by the Act to be delivered to the Ministerof Finance were delivered on September 27, 2000. If the Minister does not approvethe amendment, reject the amendment or return it to the Commission for furtherconsideration by November 27, 2000, the amendment will come into force onDecember 11, 2000. If the Minister approves the amendment, it will come into force15 days after it is approved.

Substance and Purpose of Amendment

The Rule replaced the deemed rule entitled In the Matter of Certain ReportingIssuers (1988), 11 OSCB 1029 [including National Policy Statement No. 41 (1987),10 OSCB 6306].

The Rule provides that it expires on the earlier of the date on which a new ruleintended to replace it comes into force and December 31, 2000. Proposed NationalInstrument 54-101 Communication with Beneficial Owners of Securities of aReporting Issuer, which is intended to replace the Rule, was published for a thirdcomment period on September 1, 2000 at (2000), 23 OSCB 5937, together withproposed National Instrument 54-102 Supplemental Mailing Lists and interimFinancial Statements. National Instrument 54-102 has been proposed to replacethe provisions of NP 41 pertaining to supplemental mailing lists, but has not beenrepublished for comment since it was first published in February 1998 with the thenproposed National Instrument 54-101. National Instrument 54-102 is expected tobe adopted by the CSA at the same time as National Instrument 54-101, withoutmaterial changes from the version of National Instrument 54-102 that was publishedin February 1998. The comment period for the proposed National Instrument endson November 1, 2000. It is proposed that the in-force date be July 1, 2001, subjectto transitional provisions, with full implementation of the National Instrumentapplicable in respect of meetings of securityholders held after December 31, 2001.

The purpose of the amendment is to extend the expiration date of the Rule from"December 31, 2000" to "December 31, 2001" in order to allow the Commission andother members of the Canadian Securities Administrators an appropriate timeperiod to consider and respond to any comments in respect of the proposedNational Instrument, including comments related to implementation, before finalizingthe National Instrument.

Text of Amendment

The text of the amendment follows.

DATED: September 29, 2000

AMENDMENT TO ONTARIO SECURITIES COMMISSION RULE

IN THE MATTER OF CERTAIN REPORTING ISSUERS [INCLUDING NATIONAL POLICY STATEMENT NO. 41]

1.1 Amendment - The Rule entitled In the Matter of Certain Reporting Issuers[including National Policy Statement No. 41] (1997), 20 OSCB 1219, asamended by (1999), 22 OSCB 152 and (2000), 23 OSCB 288, isamended by deleting "December 31, 2000" in the last sentence andreplacing it with "December 31, 2001".