Notice of Commission Approval - Amendment to the Universal Market Integrity Rules Accommodation of Anonymous Orders

MARKET REGULATION SERVICES INC.

AMENDMENT TO THE UNIVERSAL MARKET INTEGRITY RULES

ACCOMMODATION OF ANONYMOUS ORDERS

NOTICE OF COMMISSION APPROVAL

The Ontario Securities Commission has approved amendments to the Universal Market Integrity Rules (UMIR) relating to Accommodation of Anonymous Orders. In addition, the Alberta Securities Commission, the British Columbia Securities Commission, the Manitoba Securities Commission and the Commission des valeurs mobilieres du Quebec have also approved the amendment. The amendments provide exemptions to Participants from the requirements under UMIR related to client priority and client-principal trading in circumstances where an anonymous order has been entered directly by a client and the Participant is unaware, prior to the execution of the order, that the order has been entered by a client. A copy and description of the amendments were published on October 11, 2002 at (2002), 25 OSCB 6776. One comment was received dated October 8^th, 2002. The final version of the amendment and a summary of the comment received are published in Chapter 13 of this Bulletin.