Part 1
Definitions

Definitions

1.1 (1)    In this Rule, “NI 41-101” means National Instrument 41-101 General Prospectus Requirements.

(2)          Each term used in this Rule that is defined or interpreted in NI 41-101 has the meaning ascribed to it in NI 41-101.

Part 2
Interrelationship With Legislation

Short Form of Prospectus for Purposes of Section 63 of the Act

2.1         A preliminary short form prospectus and a short form prospectus prepared and certified in accordance with NI 41-101 and NI 44-101 is a short form of preliminary prospectus and a short form of prospectus in the prescribed form, respectively, for the purposes of section 63 of the Securities Act (Ontario).

Amendments – Exemption

2.2         Section 57(2.2) of the Securities Act (Ontario) does not apply to an investment fund in continuous distribution.

Part 3
Repeal

Repeal

3.1         Ontario Securities Commission Rule 41-501 General Prospectus Requirements is repealed.

3.2         Ontario Securities Commission Rule 41-502 Prospectus Requirements for Mutual Funds is repealed.

Part 4
Effective Date

Effective Date

4.1         This Rule comes into force on March 17, 2008.