Notice of Commission Approval - Amendments to Capital Rules for Underwriting Commitments

THE INVESTMENT DEALERS ASSOCIATION OF CANADA ("IDA")

NOTICE OF COMMISSION APPROVAL

AMENDMENTS TO IDA CAPITAL RULES FOR UNDERWRITING COMMITMENTS

The Ontario Securities Commission approved amendments to IDA Regulation 100.5, Schedule 2A of Form 1, and revisions to the Acceptable Form of New Issue Letter regarding capital rules for underwriting commitments. In addition, the Alberta Securities Commission approved and the British Columbia Securities Commission did not object to the amendments. The proposed amendments more closely align the capital requirements with the underwriting risk being retained by the member. A copy and description of these amendments were published on February 20, 2004 at (2004) 27 OSCB 2217. No comments were received.