Commission Approval of Amendment: Certain Reporting Issuers

NOTICE OF AMENDMENT TO RULE UNDER THE SECURITIES ACT
IN THE MATTER OF CERTAIN REPORTING ISSUERS

Notice of Amendments

The Commission has, under section 143 of the Securities Act (the "Act"), amended threerules, each entitled In the Matter of Certain Reporting Issuers (1997), 20 OSCB 1218 and1219, as amended (1998), 21 OSCB 6436 (the "Rules"). The amendments extend theexpiration date of each of the Rules from December 31, 1999 to July 1, 2001. Theseamendments, however, do not materially change the Rules and, accordingly, under section143.2 of the Act, the Commission has not published the amendments for comment.

The amendments and the material required by the Act to be delivered to the Minister ofFinance were delivered on October 5, 1999. If the Minister does not approve theamendments, reject the amendments or return them to the Commission for furtherconsideration, the amendments will come into force on December 19, 1999. If the Ministerdoes approve the amendments, the amendments will come into force 15 days after theyare approved.

Substance and Purpose of Amendments

The Rules replace the deemed rules entitled In the Matter of Certain Reporting Issuers,[1980] OSCB 166, In the Matter of Certain Reporting Issuers (1984), 7 OSCB 1913, andIn the Matter of Certain Reporting Issuers (1984), 7 OSCB 3247.

Each of the Rules provides that it will expire on the earlier of the date on which a new ruleintended to replace it comes into force and December 31, 1999. Given the complexity andurgency of the various matters currently before the Commission and staff resources, it hasnot been possible to publish for comment proposed Rule 51-502 which is intended toreplace the Rules. The Commission intends to publish proposed Rule 51-502 for commentshortly. The purpose of the amendments is to extend the expiration date of each of theRules from December 31, 1999 to July 1, 2001 in order to allow the Commission time topublish proposed Rule 51-502, consider the comments received, if any, and finalize theproposed Rule.

Text of Amendments

The text of the amendments follows.

DATED: October 8, 1999.

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AMENDMENT TO ONTARIO SECURITIES COMMISSION RULES
IN THE MATTER OF CERTAIN REPORTING ISSUERS

1.1 Amendment - The three Rules entitled In the Matter of Certain Reporting Issuers(1997), 20 OSCB 1218 and 1219, as amended (1998), 21 OSCB 6436 are eachamended by deleting "December 31, 1999" in the last sentence of each andreplacing it with "July 1, 2001."