Industry

IIROC RULES NOTICE

NOTICE OF APPROVAL - UMIR

PROVISIONS RESPECTING THE "BEST PRICE" OBLIGATION

The applicable securities regulatory authorities (Recognizing Regulators) of the Investment Industry Regulatory Organization of Canada (IIROC) have approved certain amendments (Amendments) to the Universal Market Integrity Rules respecting the "best price" obligation.

The Amendments were immediately implemented on May 16, 2008 and are currently in force, however the approval of the Recognizing Regulators is required under the Joint Rule Review Protocol for IIROC.

The IIROC rules notice may be found in Chapter 13 of this Bulletin.