Notice of Rescission of National Policies: Rescission of National Policy No. 4, No. 16, and No. 20

Notice of Rescissions of Policies

The Canadian securities regulatory authorities have rescinded the following NationalPolicies:

-National Policy No. 4 Conditions for Dealer Sub-Underwritings ("NP 4")

-National Policy No. 16 Maintenance of Provincial Trading Records ("NP 16")

-National Policy No. 20 Trading in Unqualified Securities -- Securities in PrimaryDistribution in Other Jurisdictions ("NP 20")

The rescission is effective April 1, 1999.

A notice respecting the proposed rescission of these Policies was published onSeptember 11, 1998 at (1998), 21 OSCB 5809. Interested parties were invited to makewritten submissions with respect to the proposed rescissions. No submissions werereceived and no changes have been made from the draft, other than the addition of aneffective date.

Text of Rescissions

1. NP 4

"National Policy No. 4 entitled "Conditions for Dealer Sub-Underwritings" isrescinded effective April 1, 1999."

2. NP 16

"National Policy No. 16 entitled "Maintenance of Provincial Trading Records" isrescinded effective April 1, 1999."

3. NP 20

"National Policy No. 20 entitled "Trading in Unqualified Securities -- Securities inPrimary Distribution in Other Jurisdictions" is rescinded effective April 1, 1999."

DATED: March 26 , 1999.