Amendment to the Assignment of Certain Powers and Duties of the Ontario Securities Commission -- s. 6(3)

Headnote

Amendment to the Assignment of Certain Powers and Duties of the Ontario Securities Commission.

Applicable Legislative Provisions

Securities Act, R.S.O. 1990, c. S.5, as am., s. 6(3).

IN THE MATTER OF

THE SECURITIES ACT,

R.S.O. 1990, CHAPTER S. 5, AS AMENDED

AND

IN THE MATTER OF

THE ASSIGNMENT OF CERTAIN POWERS AND DUTIES

OF THE ONTARIO SECURITIES COMMISSION

ASSIGNMENT

[Subsection 6(3)]

WHEREAS:

A. On February 2, 2010, pursuant to subsection 6(3) of the Act, the Ontario Securities Commission (the "Commission") issued an assignment (the "February 2, 2010 Assignment") assigning certain of its powers and duties under the Securities Act (Ontario) (the "Act") to each "Director" as that term is defined in subsection 1(1) of the Act, acting individually;

B. the Commission considers it desirable to amend the February 2, 2010 Assignment;

NOW THEREFORE:

1. Effective July 1, 2012, subparagraph 2(a) of the February 2, 2010 Assignment is amended, without prejudice to the effectiveness of any lawful exercise prior to the date of this amendment of the powers and duties assigned thereby, and subparagraph 2(a.1) is added, as follows:

(a) clauses 21(5)(a), 21(5)(b), 21.0.1(a) and 21.0.1(b) of the Act but only:

(i) with respect to the review and decision regarding information filed in Form 21-101F1 or Form 21-101F2 or the exhibits thereto, and

(ii) where such information relates to matters that do not raise significant regulatory or public interest concerns and do not introduce a novel feature to the capital markets;

(a.1) clauses 21(5)(e), 21.0.1(c) and subsections 21.1(4), 21.2(3) and 21.2.1(3) of the Act, but only in respect of by-laws, rules, regulations, policies, procedures, interpretations or practices that

(i) do not raise significant regulatory or public interest concerns and,

(ii) where they relate to an exchange, a quotation and trade reporting system, an alternative trading system or a clearing agency, do not introduce a novel feature to the capital markets;

Dated the 22nd day of June, 2012.