Ontario Securities Commission – s. 5(3) of the SCA

IN THE MATTER OF THE SECURITIES COMMISSION ACT SO 2021, C 8 AND IN THE MATTER OF AN AUTHORIZATION PURSUANT TO SUBSECTION 5(3) OF THE ACT

AUTHORIZATION (SUBSECTION 5(3))

WHEREAS:

A. Effective April 29, 2022, pursuant to subsection 5(3) of the Securities Commission Act (the "Act"), the Ontario Securities Commission (the "Commission") authorized the Chief Executive Officer of the Commission to exercise certain of the Commission's powers or perform any of its duties under the Securities Act and the Commodity Futures Act (the "April 29, 2022 Authorization");

B. the Commission considers it desirable amend and restate the April 29, 2022 Authorization;

NOW THEREFORE:

1. Pursuant to subsection 5(3) of the Act, the Commission hereby authorizes the Chief Executive Officer of the Commission, acting alone, to exercise any of the Commission's powers or perform any of its duties vested or imposed on the Commission by subsection 2.2(3) of the Securities Act and subsection 2.2(3) of the Commodity Futures Act, and a decision of the Chief Executive Officer, acting alone, under the authorization has the same force and effect as if the decision were made by the Commission.

2. The Chief Executive Officer shall notify the members of the Commission's board of directors if there are extraordinary circumstances, within the meaning of subsection 2.2(2) of the Securities Act or subsection 2.2(3) of the Commodity Futures Act, that require action to be taken by the Chief Executive Officer under paragraph 1 above.

3. This Order does not preclude the Commission from itself exercising or performing any of the applicable powers or duties.

4. This Order is effective on September 20, 2022.

Board Approved: September 20, 2022