Notice of Approval of NI 23-102 Use of Client Brokerage Commissions and Proposed Consequential Amendments

The Commission has approved National Instrument 23-102 Use of Client Brokerage Commissions and Companion Policy 23-102CP Use of Client Brokerage Commissions (together, NI 23-102). Subject to Ministerial approval requirements, NI 23-102 will come into force on June 30, 2010. The Commission has also approved the rescission of OSC Policy 1.9 Use by dealers of brokerage commissions as payment for goods or services other than order execution services ("Soft Dollar" Deals), to be effective on the same date.

The notice and related materials pertaining to NI 23-102 and OSC Policy 1.9 are published in Chapter 5 of this Bulletin.

Published in Chapter 6 of this Bulletin is a notice of proposed consequential amendments to National Instrument 81-101 Mutual Fund Prospectus Disclosure and Form 81-101F2 Contents of Annual Information Form, and to National Instrument 41-101 General Prospectus Requirements and Form 41-101F2 Information Required in an Investment Fund Prospectus. The comment period for these proposed consequential amendments ends on January 7, 2010.