Notice of Ministerial Approval: MI - 45-105 - Trades to Employees, Senior Officers, Directors, and Consultants

On July 3, 2003, the Minister of Finance approved the following two rules pursuant to subsection 143.3(3) of the Securities Act (Ontario):

• Multilateral Instrument 45-105 Trades to Employees, Senior Officers, Directors, and Consultants (the "Instrument"), and
• OSC Rule 45-801 Implementing Multilateral Instrument 45-105 Trades to Employees, Senior Officers, Directors, and Consultants (the "Implementing Rule").

Materials relating to the Instrument and the Implementing Rule were previously published in the Bulletin on November 1, 2002 and June 6, 2003. The Instrument and the Implementing Rule will come into force on August 15, 2003.

The Instrument and the Implementing Rule are published in Chapter 5 of this Bulletin.