PROCLAMATION IN FORCE OF PROVISIONS OF THE BUDGET MEASURES ACT, 2009
AMENDMENTS TO REGULATION 1015 UNDER THE SECURITIES ACT
On August 28, 2009, the Minister of Finance approved National Instrument 31-103 Registration Requirements and Exemptions (NI 31-103) and amended and restated National Instrument 45-106 Prospectus and Registration Exemptions, as well as related rule amendments. These materials had earlier been approved by the Ontario Securities Commission and published in final form in the July 17, 2009 bulletin. Further details relating to the Minister of Finance's approval are provided in Chapter 1 of the September 18, 2009 bulletin.
The coming-into-force of these materials in Ontario on September 28, 2009 required proclamation in force by the Lieutenant Governor of requisite provisions of the Budget Measures Act, 2009 (formerly Bill 168). The required proclamation was given on September 17, 2009 and named September 28, 2009 as the day on which the requisite provisions come into force. The provisions of the Budget Measures Act, 2009 proclaimed in force on September 28, 2009 are the provisions identified in the table in Chapter 9 of the July 3, 2009 bulletin as expected to be proclaimed on the first proclamation date associated with the Budget Measures Act, 2009.
The Minister of Finance has also approved amendments to Regulation 1015 under the Securities Act in connection with NI 31-103, which amendments were filed as O. Reg. 358/09 on September 22, 2009. Further amendments to Regulation 1015 under the Securities Act were approved on September 17, 2009 by the Ontario Cabinet, filed as O. Reg. 357/09 on September 22, 2009. These amendments come into force on September 28, 2009. It is noted that the recommendations of Ontario Securities Commission staff described in Appendix H of the July 17 bulletin (Supp-2) are largely reflected in the content of these amendments. The full text of these amendments is contained in Chapter 9.
September 25, 2009