Notice of Commission Approval - IDA Amendments to Regulation 100.4C and 100.4K - Offset Positions in Canadian Debt Securities and Related Futures Contracts

THE INVESTMENT DEALERS ASSOCIATION

AMENDMENTS TO REGULATIONS 100.4C AND 100.4K --

OFFSET POSITIONS IN CANADIAN DEBT SECURITIES

AND RELATED FUTURES CONTRACTS

NOTICE OF COMMISSION APPROVAL

The Ontario Securities Commission approved the amendments to IDA Regulations 100.4C and 100.4K -- Offset Positions in Canadian Debt Securities and Related Futures Contracts. In addition, the British Columbia Securities Commission did not object, and the Alberta Securities Commission and the Autorité des marchés financiers approved the proposed amendments. The purpose of the amendments to Regulation 100.4C is to recognize, for regulatory purposes, the market risk reduction of Member firm offset positions in debt securities of different issuers and of different maturity bands by expanding the number of permissible offsets. The objective of the accompanying amendments to Regulation 100.4K is to keep the offsets available to Government of Canada bond futures positions consistent with those available to Government of Canada bonds. This notice replaces the notice of approval incorrectly published on August 19, 2005 at (2005) 28 OSCB 6841. A copy and description of the amendments were published on February 11, 2005, at (2005) 28 OSCB 1738. No comments were received.