Securities Law & Instruments

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IN THE MATTER OF

THE SECURITIES ACT, R.S.O. 1990,

CHAPTER S.5, AS AMENDED (the "Act")

AND

IN THE MATTER OF

THE DESIGNATION BY THE EXECUTIVE DIRECTOR

OF POSITIONS FOR THE PURPOSE OF THE

DEFINITION OF "DIRECTOR" IN THE ACT

AND

IN THE MATTER OF

THE ASSIGNMENT OF CERTAIN POWERS AND DUTIES OF

THE ONTARIO SECURITIES COMMISSION

 

AMENDMENT TO

EXECUTIVE DIRECTOR'S DESIGNATION AND DETERMINATION

WHEREAS:

A. on April 12, 1999 the Commission assigned, pursuant to subsection 6(3) of the Act, certain of its powers and duties under the Act to each "Director" as that term is defined in subsection 1(1) of the Act, acting individually (the "Original Assignment");

B. the Original Assignment was amended on September 7, 1999, February 15, 2000, January 23, 2001, April 27, 2001 and October 3, 2001 (the Original Assignment as amended hereinafter referred to as the "Commission Assignment");

C. the Commission Assignment provides that the Executive Director of the Commission;

(i) shall determine from time to time, which one or more other Directors (in each case acting alone) should, as an administrative matter, exercise each of the powers or perform each of the duties assigned by the Commission to each Director, and

(ii) may, acting alone, also exercise each of such powers or perform each of such duties assigned by the Commission to each Director;

D. on April 12, 1999, the Executive Director made a Designation and Determination pursuant to the Original Assignment, which was also amended on September 7, 1999 (the "Prior Designation");

E. on February 15, 2000, the Executive Director revoked the Prior Designation and issued a new Designation and Determination, as amended on October 13, 2000, on October 16, 2000, on August 7, 2001 and on February 14, 2003 (as amended, the "Current Designation"), which designated in paragraph 2 thereof a number of positions, whether or not in an acting capacity, for the purposes of the definition of "Director" in the Act and also for the purpose of the Commission Assignment;

F. the Executive Director considers it necessary and desirable to amend the Current Designation.

NOW THEREFORE, the Executive Director hereby amends paragraph 2 of the Current Designation by adding a new clause (e) as follows;

(e) each Manager and Assistant Manager in the Investment Funds Branch of the Commission;

March 31, 2003.

"Charlie Macfarlane"