ClaymorETF FTSE RAFI Canadian Index Fund et al - s. 1.1 of OSC Rule 48-501

Headnote:

Certain mutual funds designated as exchange-traded funds for the purposes of OSC Rule 48-501.

Rules Cited

OSC Rule 48-501 -- Trading During Distributions, Formal Bids and Share Exchange Transactions, s. 1.1.

IN THE MATTER OF

OSC RULE 48-501 (the Rule)

AND

IN THE MATTER OF

CLAYMORETF FTSE RAFI CANADIAN

INDEX FUND, CP HOLDRS,

iSHARES COMEX GOLD TRUST,

iUNITS CANADIAN BOND BROAD

MARKET INDEX FUND, iUNITS COMPOSITE CANADIAN

EQUITY CAPPED INDEX FUND, iUNITS DIVIDEND

INDEX FUND, iUNITS INCOME TRUST SECTOR

INDEX FUND, iUNITS INTERNATIONAL EQUITY

C$ INDEX FUND, iUNITS MATERIALS SECTOR

INDEX FUND, iUNITS REAL RETURN BOND INDEX

FUND, iUNITS S&P 500 C$ INDEX FUND,

iUNITS S&P/TSX 60 INDEX FUND,

iUNITS S&P/TSX CAPPED ENERGY INDEX FUND,

iUNITS S&P/TSX CAPPED FINANCIALS INDEX FUND,

iUNITS S&P/TSX CAPPED GOLD INDEX FUND,

iUNITS S&P/TSX CAPPED INFORMATION TECHNOLOGY

INDEX FUND, iUNITS S&P/TSX CAPPED REIT INDEX FUND,

iUNITS S&P/TSX MIDCAP INDEX FUND,

AND

iUNITS SHORT BOND INDEX FUND

(collectively, the Funds)

DESIGNATION ORDER

Section 1.1

WHEREAS each of the Funds is listed on the Toronto Stock Exchange;

AND WHEREAS Market Regulation Services Inc. has designated, or intends to designate, each of the Funds as an Exchange-traded Fund for the purposes of the Universal Market Integrity Rules (UMIR);

AND WHEREAS the definition of "exchange-traded fund" in the Rule is substantially similar to the definition of Exchange-traded Fund in UMIR;

THE DIRECTOR HEREBY DESIGNATES each of the Funds as an exchange-traded fund for the purposes of the Rule.

DATED May 24, 2006.