Securities Law & Instruments

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REPEAL OF

ONTARIO SECURITIES COMMISSION RULE 21-501

-- DEFERRAL OF INFORMATION TRANSPARENCY

REQUIREMENTS FOR GOVERNEMENT DEBT

SECURITIES IN NATIONAL INSTRUMENT 21-101

-- MARKETPLACE OPERATION

The Ontario Securities Commission (OSC) has repealed OSC Rule 21-501 Information Transparency Requirements for Government Debt Securities in National Instrument 21-101 -- Marketplace Operation (the Rule). Under subsection 143.3 of the Act, notice of the repeal of the Rule was delivered to the Minister of Finance for approval on March 22, 2012. Unless the Minister rejects the repeal or returns it to the Commission for further consideration, it will be effective on July 1, 2012.

The Rule is repealed as it will become redundant when amendments to National Instrument 21-101 Marketplace Operation come into effect on July 1, 2012, also subject to the Minister's approval.