Securities Law & Instruments

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NOTICE OF COMMISSION APPROVAL OF AMENDMENTS TO

NATIONAL INSTRUMENT 81-102 MUTUAL FUNDS

AND COMPANION POLICY 81-102CP

AND TO

NATIONAL INSTRUMENT 81-101 MUTUAL FUND PROSPECTUS DISCLOSURE AND

FORM 81-101F1 CONTENTS OF SIMPLIFIED PROSPECTUS AND

FORM 81-101F2 CONTENTS OF ANNUAL INFORMATION FORM

On May 13, 2003, the Commission approved amendments (the "amendments") to:

1. National Instrument 81-101 Mutual Fund Prospectus Disclosure (NI 81-101),

2. Form 81-101F1 Contents of Simplified Prospectus (Form 81-101F1),

3. Form 81-101F2 Contents of Annual Information Form (Form 81-101F2),

4. National Instrument 81-102 Mutual Funds (NI 81-102), and

5. Companion Policy 81-102CP (81-102CP).

A draft of the amendments was previously published for comment on July 19, 2002 at (2002) 25 OSCB 4705. Further to comments received, minor changes were made to the draft amendments.

The amendments were delivered to the Minister of Finance on October 10, 2003. If the Minister approves the amendments or does not take any further action by December 9, 2003, the amendments will come into force on December 31, 2003. The amendments are being published in Chapter 5 of the Bulletin.