Horizons BetaPro S&P 500 Bull Plus ETF et al. - s. 1.1

Headnote

Certain mutual funds designated as exchange-traded funds for the purposes of OSC Rule 48-501.

Rules Cited

Ontario Securities Commission Rule 48-501 - Trading During Distributions, Formal Bids and Share Exchange Transactions, s. 1.1.

IN THE MATTER OF

ONTARIO SECURITIES COMMISSION RULE 48-501 --

TRADING DURING DISTRIBUTIONS, FORMAL BIDS

AND SHARE EXCHANGE TRANSACTIONS (Rule)

AND

IN THE MATTER OF

HORIZONS BETAPRO S&P 500 BULL PLUS ETF,

HORIZONS BETAPRO S&P 500 BEAR PLUS ETF,

HORIZONS BETAPRO NASDAQ 100 BULL PLUS ETF,

HORIZONS BETAPRO NASDAQ100 BEAR PLUS ETF,

HORIZONS BETAPRO MSCI EMERGING MARKETS BULL PLUS ETF,

HORIZONS BETAPRO MSCI EMERGING MARKETS BEAR PLUS ETF,

HORIZONS BETAPRO US DOLLAR BULL PLUS ETF,

HORIZONS BETAPRO US DOLLAR BEAR PLUS ETF,

HORIZONS BETAPRO US 30-YEAR BOND BULL PLUS ETF,

HORIZONS BETAPRO US 30-YEAR BOND BEAR PLUS ETF,

HORIZONS BETAPRO DJ-AIG AGRICULTURAL GRAINS BULL PLUS ETF,

HORIZONS BETAPRO DJ-AIG AGRICULTURAL GRAINS BEAR PLUS ETF,

AND

CLAYMORE EQUAL WEIGHT BANC & LIFECO ETF

(collectively, the Funds)

DESIGNATION ORDER

SECTION 1.1

WHEREAS each of the Funds is listed on the Toronto Stock Exchange;

AND WHEREAS Investment Industry Regulatory Organization of Canada (IIROC) has designated, or intends to designate, each of the Funds as an Exchange-traded Fund for the purposes of the Universal Market Integrity Rules (UMIR);

AND WHEREAS the definition of "exchange-traded fund" in the Rule is substantially similar to the definition of Exchange-traded Fund in UMIR;

THE DIRECTOR HEREBY DESIGNATES each of the Funds as an exchange-traded fund for the purposes of the Rule.

Dated July 16, 2008