Notice of Request for Comment and Proposed Amendment

NOTICE OF REQUEST FOR COMMENT

PROPOSED AMENDMENT INSTRUMENTS FOR
NATIONAL INSTRUMENT 44-102 SHELF DISTRIBUTIONS, NATIONAL

INSTRUMENT 44-103 POST-RECEIPT PRICING, AND
NATIONAL INSTRUMENT 51-101 STANDARDS OF DISCLOSURE

FOR OIL AND GAS ACTIVITIES

AND

PROPOSED AMENDMENTS TO COMPANION POLICY 44-102CP
SHELF DISTRIBUTIONS, COMPANION POLICY 44-

103CP POST-RECEIPT PRICING, NATIONAL POLICY 43-201
MUTUAL RELIANCE REVIEW SYSTEM FOR

PROSPECTUSES AND ANNUAL INFORMATION FORMS, AND
COMPANION POLICY 51-101CP STANDARDS OF

DISCLOSURE FOR OIL AND GAS ACTIVITIES

Request for Public Comment

In conjunction with the publication of the proposed repeal and replacement of National Instrument 44-101, Short Form Prospectus Distributions, including Form 44-101F3, Short Form Prospectus, and Companion Policy 44-101CP, Short Form Prospectus Distributions, the Commission is publishing for a 90-day comment period the following material in today's Bulletin:

• proposed Amendment Instrument for National Instrument 44-102 Shelf Distributions;

• proposed Amendments to Companion Policy 44-102CP Shelf Distributions;

• proposed Amendment Instrument for National Instrument 44-103 Post-Receipt Pricing;

• proposed Amendments to Companion Policy 44-103CP Post-Receipt Pricing;

• proposed Amendments to National Policy 43-201 Mutual Reliance Review System for Prospectuses and Annual Information Forms;

• proposed Amendment Instrument for National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities (NI 51-101);

• proposed Amendments to Companion Policy 51-101CP Standards of Disclosure for Oil and Gas Activities (51-101CP).

These materials, together with accompanying request for comment notice, are being published in Chapter 6 of the Bulletin. Blacklines of the materials, other than for NI 51-101 and 51-101CP, showing proposed changes to the applicable existing instruments, companion policies, and policy, are available on the Commission's website at www.osc.gov.on.ca. We request comments on the proposed materials by April 8, 2005.