Notice of Commission Approval - IDA Proposed Regulation 100.9(a)(x) - Amendments to the Definition of "Floating Margin Rate"

THE INVESTMENT DEALERS ASSOCIATION OF CANADA (IDA)

PROPOSED REGULATION 100.9(A)(X) --

AMENDMENTS TO THE DEFINITION OF "FLOATING MARGIN RATE"

NOTICE OF COMMISSION APPROVAL

The Ontario Securities Commission approved amendments to Regulation 100.9(a)(x) -- amendments to the definition of "floating margin rate. In addition, the Alberta Securities Commission approved and the British Columbia Securities Commission did not object to the amendments. The proposed amendments to Regulation 100.9(a)(x) proposes amendments to the definition of floating margin rate concerning products traded on the Bourse de Montreal to remove a 0.50% buffer from the floating margin rate calculation. A copy and description of the proposed amendments were published on April 30, 2004, at (2004) 27 OSCB 4441. No comments were received.