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CANADIAN TRADING AND QUOTATION SYSTEM INC. (CNQ)

POLICY AMENDMENT -- GENERIC SHARE CERTIFICATES

NOTICE OF COMMISSION APPROVAL

CNQ has filed with the Commission an amendment to Section 5.2 of CNQ's Policy 4. The amendment allows CNQ issuers to use generic share certificates, provided the issuer's transfer agent confirms to CNQ in writing that the certificates conform to the standards established by the Security Transfer Association of Canada (STAC) for the use of generic share certificates. The amendment has been filed as "housekeeping" pursuant to the rule review process set out in Appendix B of Schedule A to CNQ's recognition order and is deemed to have been approved by the Commission upon filing. CNQ's notice of amendment and the policy amendment are being published in Chapter 13 of this Bulletin.