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CANADIAN TRADING AND QUOTATION SYSTEM INC. (CNQ)

AMENDMENTS TO CNQ RULES AND POLICIES -- REGISTRATION REQUIREMENTS FOR CNQ DEALERS AND

APPROVED TRADERS AND APPEALS OF CNQ DECISIONS

NOTICE OF COMMISSION APPROVAL

On February 24, 2004, the Commission approved amendments to CNQ Rules and Policies. The amendments remove the requirement that CNQ Dealers and Approved Traders be Ontario registrants and remove the description of appeal rights to securities commissions. The notice and request for comment was published on November 21, 2003 at (2003) 26 OSCB 7642. No comments were received.