Commission Approval of Amendment: Certain Reporting Issuers

NOTICE OF AMENDMENT TO RULE UNDER THE SECURITIES ACT

IN THE MATTER OF CERTAIN REPORTING ISSUERS

Notice of Amendments

The Commission has, under section 143 of the Securities Act (the "Act"), amendedthree rules, each entitled In the Matter of Certain Reporting Issuers (1997), 20OSCB 1218 and 1219, as amended by (1999), 22 OSCB 151 and (2000), 23 OSCB289 (the "Rules"). The amendments extend the expiration date of each of the Rulesfrom July 1, 2001 to July 1, 2002. These amendments, however, do not materiallychange the Rules and, accordingly, under section 143.2 of the Act, the Commissionhas not published the amendments for comment.

The amendments and the material required by the Act to be delivered to theMinister of Finance were delivered on September 27, 2000. If the Minister does notapprove the amendments, reject the amendments, or return them to theCommission for further consideration by November 27, 2000, the amendments willcome into force on December 11, 2000. If the Minister approves the amendments,they will come into force 15 days after they are approved.

Substance and Purpose of Amendments

The Rules replace the three deemed rules entitled In the Matter of CertainReporting Issuers (1980), OSCB 166, In the Matter of Certain Reporting Issuers(1984), 7 OSCB 1913, and In the Matter of Certain Reporting Issuers (1984), 7OSCB 3247.

Each of the Rules provides that it will expire on the earlier of the date on which anew rule intended to replace it comes into force and July 1, 2001. Given thecomplexity and urgency of the various matters currently before the Commission andstaff resources, it has not been possible to publish for comment Proposed Rule 51-502, Exemptions from Continuous Disclosure Requirements for Certain ReportingIssuers, which is intended to replace the Rules. The Commission intends to publishProposed Rule 51-502 for comment shortly. The purpose of the amendments is toextend the expiration date of each of the Rules from July 1, 2001 to July 1, 2002 inorder to allow the Commission time to publish Proposed Rule 51-502, consider thecomments received, if any, and finalize the Proposed Rule.

Text of Amendments

The text of the amendments follows.

DATED: September 29, 2000

AMENDMENT TO ONTARIO SECURITIES COMMISSION RULE

IN THE MATTER OF CERTAIN REPORTING ISSUERS

1.1 Amendment - The three Rules entitled In the Matter of Certain ReportingIssuers (1997), 20 OSCB 1218 and 1219, as amended by (1999), 22OSCB 151 and (2000), 23 OSCB 289, are each amended by deleting"July 1, 2001" in the last sentence of each and replacing it with "July 1,2002".