Notice of Ministerial Approval: OSC Rule 21-501 - Deferral of Information Transparency Requirements for Government Debt Securities in National Instrument 21-101 - Marketplace Operation

NOTICE OF MINISTERIAL APPROVAL OF

ONTARIO SECURITIES COMMISSION RULE 21-501

DEFERRAL OF INFORMATION TRANSPARENCY REQUIREMENTS

FOR GOVERNMENT DEBT SECURITIES IN

NATIONAL INSTRUMENT 21-101 -- MARKETPLACE OPERATION

On December 8, 2011, the Minister of Finance approved OSC Rule 21-501 Deferral of Information Transparency Requirements for Government Debt Securities in National Instrument 21-101 -- Marketplace Operation as a rule under the Securities Act (Ontario). The rule was made by the Commission on October 11, 2011, and was published on the Ontario Securities Commission Bulletin on October 28, 2011 at (2011) 34 OSCB 10953.

The rule extends the existing exemption from the transparency requirements for government debt securities, included in section 8.6 of National Instrument 21-101 Marketplace Operation, until December 31, 2014. The rule will come into force on December 31, 2011.

Rule 21-501 is published in Chapter 5 of this Bulletin and at www.osc.gov.on.ca. No changes have been made to the rule since publication in the Bulletin on October 28, 2011.

December 16, 2011