Notice of Commission Approval - IDA Proposed Amendment to Regulation 100.2(f)(ii) and Proposed Regulation 100.2(l) - Margin Treatment for Money Market Mutual Funds

THE INVESTMENT DEALERS ASSOCIATION OF CANADA (IDA)

PROPOSED AMENDMENT TO REGULATION 100.2(f)(ii) AND

PROPOSED REGULATION 100.2(l) - MARGIN TREATMENT

FOR MONEY MARKET MUTUAL FUNDS

NOTICE OF COMMISSION APPROVAL

The Ontario Securities Commission approved amendment to IDA Regulation 100.2(f)(ii) and proposed Regulation 100.2(l) regarding margin treatment for money market mutual funds. In addition, the Alberta Securities Commission approved and the British Columbia Securities Commission did not object to the amendment. The purpose of the amendment is to impose a lower capital and margin requirements on money market mutual funds by recognizing the lower risk of the underlying securities in the funds. A copy and description of the proposed amendments were published on June 25, 2004, at (2004) 27 OSCB 6102. No comments were received.