Industry

INVESTMENT INDUSTRY REGULATORY ORGANIZATION OF CANADA (IIROC)

AMENDMENTS TO DEALER MEMBER RULES REGARDING

CONVERSION AND RECONVERSION OFFSET STRATEGIES

NOTICE OF COMMISSION APPROVAL



The Ontario Securities Commission approved the amendments to IIROC Dealer Member Rules Regarding Conversion and Reconversion Offset Strategies. In addition, the British Columbia Securities Commission did not object to, and the Alberta Securities Commission, the Autorité des marchés financiers, the Saskatchewan Financial Services Commission, the Financial Services Regulation Division of the Department of Government Services of Newfoundland and Labrador, the Nova Scotia Securities Commission and the New Brunswick Securities Commission approved the proposed amendments. The objective of the proposed amendments is to amend and clarify the key language used in describing the calculations for determining the minimum capital and margin requirements for Conversions and Reconversions throughout the IIROC Rulebook.

The proposed amendments were published for comment on February 13, 2009, at (2009) 32 OSCB 1594. No comments were received.