NOTICE OF MINISTERIAL APPROVAL OF

NATIONAL INSTRUMENT 81-107 INDEPENDENT REVIEW COMMITTEE FOR INVESTMENT FUNDS

AND

ONTARIO SECURITIES COMMISSION RULE 81-802 IMPLEMENTING NATIONAL INSTRUMENT 81-107

INDEPENDENT REVIEW COMMITTEE FOR INVESTMENT FUNDS

AND

RELATED AMENDMENTS

On September 19, 2006, the Minister of Government Services approved the following rules which came into force on November 1, 2006:

1. National Instrument 81-107 Independent Review Committee for Investment Funds;

2. Ontario Securities Commission Rule 81-802 Implementing National Instrument 81-107 Independent Review Committee for Investment Funds;

3. related amendments to:

• National Instrument 81-101 Mutual Fund Prospectus Disclosure, Form 81-101F1 Contents of Simplified Prospectus and Form 81-101F2 Contents of Annual Information Form

• National Instrument 81-102 Mutual Funds

• National Instrument 81-104 Commodity Pools

• National Instrument 81-106 Investment Fund Continuous Disclosure, Form 81-106F1 Contents of Annual and Interim Management Report of Fund Performance

• National Instrument 13-101 System for Electronic Document Analysis and Retrieval (SEDAR), and

• Ontario Securities Commission Rule 41-501 General Prospectus Requirements.

The following related policies also came into force on November 1, 2006:

1. Companion Policy 81-802CP to Ontario Securities Commission Rule 81-802 Implementing National Instrument 81-107 Independent Review Committee for Investment Funds; and

2. amendments to Companion Policy 81-102CP to National Instrument 81-102 Mutual Funds.

These rules and policies were previously published in a supplement to the Bulletin on July 28, 2006 and are published in Chapter 5 of this Bulletin.

On September 19, 2006, the Minister of Government Services also approved a Regulation amending or revoking certain provisions of Regulation 1015 of the Revised Regulations of Ontario, 1990. This Regulation was filed as O. Reg. 500/06 on November 3, 2006 and will be published in the Ontario Gazette on November 18, 2006. The Regulation is published in Chapter 9 of this Bulletin.