Notice of Commission Approval – IDA Amendments to Regulation 100.5 Capital Requirements for Certain Private Placements of Restricted Securities during the Distribution Period

THE INVESTMENT DEALERS ASSOCIATION

AMENDMENTS TO REGULATION 100.5

REGARDING CAPITAL REQUIREMENTS FOR

CERTAIN PRIVATE PLACEMENTS OF

RESTRICTED SECURITIES DURING

THE DISTRIBUTION PERIOD

NOTICE OF COMMISSION APPROVAL

The Ontario Securities Commission approved amendments to IDA Regulation 100.5 regarding capital requirements for certain private placements of restricted securities during the distribution period. In addition, the Alberta Securities Commission and the British Columbia Securities Commission did not object, and the Autorité des marchés financiers approved the proposed amendments. The purpose of the amendments is to adjust capital and margin requirements for privately placed restricted securities during the distribution period to reflect the IDA's revised market risk assessment of such securities. A copy and description of the proposed amendments were published on January 27, 2006, at (2006) 29 OSCB 970. No comments were received.