Notice of Withdrawal of Proposed Rule Amendment - Amendment to IDA Regulation 100.12 and Schedule 2 of Form 1 Regarding Margin Requirements for Securities Held in a Registered Trader's Account

Market Regulation Document Type
Investment Dealers Association rule review

Investment Dealers Association of Canada

Regulation 100.12 And Form 1, Schedule 2 -- Margin Requirements

For Securities Held In A Registered Trader's Account

Withdrawal Of Proposed Rule Amendment

I OVERVIEW

On April 29, 2005, the Ontario Securities Commission published for comment proposed rule amendments to repeal Regulation 100.12(f) and modify Schedule 2 of Form 1 to reflect the transfer of market-making responsibilities from individuals to Member firms by the Toronto Stock Exchange and the Bourse de Montréal.

II WITHDRAWAL

The Association has informed the Canadian Securities Administrators that the Association has withdrawn the proposed rule amendments. In its place, the Association has submitted the same proposed rule amendments, as part of a set of proposals seeking to adopt a new methodology for the margining of equity securities, to ensure that the amendments relating to registered trader account margin requirements will be implemented at the same time as other amendments relating to the margining of equity securities.

Questions may be referred to:

Richard J. Corner

Vice President, Regulatory Policy

Investment Dealers Association of Canada

(416) 943-6908