iShares MSCI Emerging Markets IMI Index ETF 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 EMERGING MARKETS IMI INDEX ETF
iSHARES MSCI EAFE IMI INDEX ETF
iSHARES S&P 500 INDEX ETF
(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 April 10, 2013