NOTICE OF MINISTER OF FINANCE APPROVAL OF FINAL RULE 41-502 PROSPECTUS REQUIREMENTS FOR MUTUAL FUNDS
AND NOTICE OF AMENDMENT TO REGULATION 1015 OF
THE REVISED REGULATIONS OF ONTARIO, 1990
MADE UNDER THE SECURITIES ACT
IN CONNECTION WITH OSC RULE 41-502

On March 7, the Minister of Finance approved Rule 41-502 Prospectus Requirements for Mutual Funds (the "Rule"). Previously, materials related to the Rule and Companion Policy 41-502 CP (the "Companion Policy") were published in the Bulletin on June 27, 1997 and January 19, 2001. The Rule and Companion Policy came into effect on April 5, 2001.

The Commission is publishing in this issue of the OSC Bulletin, the final Rule and Companion Policy. The Rule will also be published in the Ontario Gazette on April 21, 2001.

The Minister of Finance has also approved a regulation to amend and revoke certain sections of Regulation 1015 of the Revised Regulation of Ontario, 1990 made under the Securities Act (the Regulation") in connection with the Rule. The amendments and revocations to the Regulations came into force at the time that the Rule came into force and will be published in the Ontario Gazette on April 21, 2001. The Regulation is published in chapter 9 of this OSC Bulletin.