Industry

TSX INC. (TSX)

AMENDMENTS TO THE RULES OF THE TORONTO STOCK EXCHANGE TO INTRODUCE UNDISCLOSED AND

DISCRETIONARY ORDERS

NOTICE OF COMMISSION APPROVAL




On September 17, 2009, the Ontario Securities Commission approved amendments to Rule 1-101(2) of the Rules of the Toronto Stock Exchange to introduce undisclosed and discretionary orders. The amendments will allow for the introduction of three undisclosed order types; a Mid-point peg, an Inside Spread Order, and an undisclosed limit order. The amendments will also allow for the introduction of discretionary orders that have both a disclosed and undisclosed portion. In addition, amendments have been made to the allocation procedures in rule 4-801, and ancillary amendments have been made to confirm that market maker responsibilities and the MGF facility's operations only apply to displayed orders. The amendments will not be implemented immediately by TSX. TSX will provide notice to participating organizations before the amendments are implemented.

The amendments may be found in Chapter 13 of this Bulletin.

The Commission also granted an order, pursuant to section 147 of the Securities Act (OSA), exempting TSX from the requirement to publish the amendment for a 30 day comment period. The exemption order may be found in Chapter 2 of this Bulletin.