iShares MSCI Canada Minimum Volatility Index Fund et al. -- s. 1.1 of OSC Rule 48-501 Trading During Distributions, Formal Bids and Share Exchange Transactions

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

iSHARES MSCI CANADA MINIMUM VOLATILITY INDEX FUND

iSHARES MSCI USA MINIMUM VOLATILITY INDEX FUND

iSHARES MSCI EAFE MINIMUM VOLATILITY INDEX FUND

iSHARES MSCI EMERGING MARKETS MINIMUM VOLATILITY INDEX FUND

iSHARES MSCI ALL COUNTRY WORLD MINIMUM VOLATILITY INDEX FUND

iSHARES U.S. HIGH DIVIDEND EQUITY INDEX FUND (CAD-HEDGED)

(the Funds)

DESIGNATION ORDER

Section 1.1

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

AND WHEREAS under the Universal Market Integrity Rules (UMIR), each Fund is considered an Exempt Exchange-traded Fund that is not subject to prohibitions related to trading during certain securities transactions;

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

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

Dated July 24, 2012