MFDA Investor Protection Corporation and the Mutual Fund Dealers Association of Canada - s.144 of the Act

IN THE MATTER OF

THE SECURITIES ACT,

R.S.O. 1990, CHAPTER S.5,

AS AMENDED (the "Act")

AND

IN THE MATTER OF

THE MFDA INVESTOR PROTECTION

CORPORATION

AND

IN THE MATTER OF

THE MUTUAL FUND DEALERS

ASSOCIATION OF CANADA

ORDER

(Section 144 of the Act)

WHEREAS the Commission issued an order dated May 3, 2005, approving the MFDA Investor Protection Corporation ("MFDA IPC") as a compensation fund for customers of mutual fund dealers that are members of the Mutual Fund Dealers Association of Canada ("MFDA"), pursuant to section 110 of Regulation 1015 made under the Act, R.R.O. 1990 ("Approval Order");

AND WHEREAS the MFDA and MFDA IPC have applied for an order pursuant to section 144 of the Act to vary the terms and conditions of the Approval Order to extend the deadline for the working group established by MFDA IPC to submit its findings, and for the MFDA IPC Board to submit its evaluation;

AND WHEREAS the Commission has received certain submissions from MFDA and MFDA IPC in connection with MFDA's and MFDA IPC's application to vary the Approval Order;

AND UPON the Commission being of the opinion that it is not prejudicial to the public interest to vary the Approval Order;

IT IS ORDERED pursuant to section 144 of the Act that the Approval Order be varied as follows:

1. Item 10 (b) of Schedule A of the Approval Order is repealed and replaced by the following:

(b) A written report of the working group's findings will be submitted to the MFDA IPC Board and to the Commission no later than September 30, 2006; and

DATED August 10, 2006

"Paul M. Moore"

"David L. Knight"