Industry

NATURAL GAS EXCHANGE INC.

APPLICATION FOR EXEMPTIVE RELIEF

NOTICE OF COMMISSION ORDER

On March 31, 2009, the Commission granted Natural Gas Exchange Inc. (NGX) an exemption from: (1) the requirement that NGX be registered as a commodity futures exchange under section 15 of the Commodity Futures Act (Ontario) (CFA); (2) the registration requirements of section 22 of the CFA with respect to trades by NGX participants in Ontario in NGX contracts; (3) the requirements of section 33 of the CFA with respect to the trading of NGX contracts by participants in Ontario; and (4) the requirement to be recognized as a stock exchange under section 21 of the Securities Act (Ontario).

The Commission published the NGX application and proposed exemption order for comment on January 23, 2009. No comments were received.

A copy of the exemption order is published in Chapter 2 of this Bulletin.