Final Amendment (effective May 26, 1998): Dividend Reinvestment Plans

Final Amendment (effective May 26, 1998): Dividend Reinvestment Plans

Pre-Reformulation

 

NOTICE OF FINAL AMENDMENTS TO RULES UNDER THE SECURITIES ACT EXTENDING THE EXPIRATIONDATE FROM JULY 1, 1998 TO DECEMBER 31, 1998

On May 11, 1998, the Minister of Finance approved amendments to the following rules for the purpose of extending the expiration date from July 1, 1998 toDecember 31, 1998:

1. In the Matter of Trading in Securities of Labour Sponsored Investment Fund Corporations (1997), 20 OSCB 1220;

2. In the Matter of Mutual Fund Securities (1997), 20 OSCB 1220;

3. In the Matter of Trades in Securities of a Private Company Under the Execution Act (1997), 20 OSCB 1218;

4. In the Matter of Trades by Issuers in Connection with Securities Exchange Issuer Bids and In the Matter of Trades by Holders of Securities of a Company toAnother Company in Connection with an Amalgamation, an Arrangement or a Specified Statutory Procedure (1997), 20 OSCB 1218;

5. In the Matter of Trades by Issuers Upon Exercise of Certain Conversion or Exchange Rights and In the Matter of the First Trade in Securities AcquiredUpon Exercise of Such Conversion or Exchange Rights (1997), 20 OSCB 1218;

6. In the Matter of Certain Proposed Amendments (1997), 20 OSCB 1220;

7. In the Matter of Dividend Reinvestment Plans (1997), 20 OSCB 1218;

8. In the Matter of Trades by an Issuer in Securities of its Own Issue to Senior Officers, Directors, Personal Holding Companies and Registered RetirementSavings Plans and a Controlling Shareholder in Securities of an Issuer to Employees, Senior Officers, Directors, Personal Holding Companies and RegisteredRetirement Savings Plans (1997), 20 OSCB 1218;

9. In the Matter of Going Private Transactions (1997), 20 OSCB 1219;

10. In the Matter of Insider Bids, Issuer Bids, and Take-Over Bids in Anticipation of Going Private Transactions (1997), 20 OSCB 1219; and

11. In the Matter of Regulation 910, R.R.O. 1980, as amended and In the Matter of The Multijurisdictional Disclosure System (1997), 20 OSCB 1219.

The amendments to the rules came into force on May 26, 1998.

The amendments to the rules are published in Chapter 5 of the Bulletin.

Reference:

Randee B. Pavalow
Policy Coordinator/Advisor
Ontario Securities Commission
(416) 593-8257

Susan Greenglass
Legal Counsel, Policy Coordination
Ontario Securities Commission
(416) 593-8140


AMENDMENT TO ONTARIO SECURITIES COMMISSION RULE

IN THE MATTER OF DIVIDEND REINVESTMENT PLANS

1.1 Amendment - The Rule entitled In the Matter of Dividend Reinvestment Plans is amended by deleting "July 1, 1998" in the last sentence and replacing itwith "December 31, 1998."