Consequential Amendments: OSC Rule - 45-501 - Ontario Prospectus and Registration Exemptions

CONSEQUENTIAL AMENDMENTS TO ONTARIO SECURITIES
COMMISSION RULE 45-501 EXEMPT DISTRIBUTIONS

As a result of the coming into force of Multilateral Instrument 45-102 Resale of Securities, Form 45-102F1, and the related companion policy, Companion Policy 45-102CP to Multilateral Instrument 45-102 Resale of Securities, the following consequential amendments to Rule 45-501 came into force on March 30, 2004.

PART 1 AMENDMENTS TO ONTARIO SECURITIES COMMISSION RULE 45-501

1.1 Amendments - Ontario Securities Commission Rule 45-501 Exempt Distributions is amended by:

(a) deleting "Form 45-102F3" in section 2.4(1)(d) and replacing it with "Form 45-102F1"; and

(b) deleting "conditions in subsection (2) or (3) of section 2.8 of MI 45-102" in sections 6.1, 7.5(3) and 8.4 and replacing it with "conditions in subsection (2) of section 2.8 of MI 45-102".

PART 2 EFFECTIVE DATE

Effective Date - These Amendments come into force on March 30, 2004.