Securities Law & Instruments

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IN THE MATTER OF

THE SECURITIES ACT

R.S.O. 1990, CHAPTER S.5, AS AMENDED (THE "Act")

AND

IN THE MATTER OF

THE ASSIGNMENT OF CERTAIN POWERS AND DUTIES

OF THE ONTARIO SECURITIES COMMISSION

AMENDMENT OF ASSIGNMENT

(Subsection 6(3))

WHEREAS:

1. On April 12, 1999, pursuant to subsection 6(3) of the Act, the Ontario Securities Commission ("the Commission") issued an assignment (the "April Assignment") assigning certain of its powers and duties under the Act to each "Director" as that term is defined in subsection 1(1) of the Act, acting individually;

2. On September 7, 1999, February 15, 2000, January 23, 2001, April 27, 2001, October 3, 2001 and April 15, 2003, pursuant to subsection 6(3) of the Act, the Commission amended the April Assignment (the April Assignment as so amended being referred to as the "Assignment"); and

3. The Commission considers it desirable to make an additional assignment of certain of its powers and duties.

NOW THEREFORE the Assignment is amended by adding subclause (u) of paragraph 2 as follows:

(u) paragraph 2 of subsection 127(1) of the Act and subsections 127(2), (3), (5), (7), (8) and (9) of the Act, where a reporting issuer has failed to file the certificates required by Multilateral Instrument 52-109 or has filed certificates that are not in the prescribed form, but only in respect of trading in securities of the reporting issuer by the Chief Executive Officer ("CEO") and Chief Financial Officer ("CFO") of the reporting issuer (or, in the case of an issuer that does not have a CEO or CFO, persons performing functions similar to a CEO or CFO, as the case may be).

February 3, 2003.

"Suresh Thakrar"
"H. Lorne Murphy"