Securities Law & Instruments

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ONTARIO REGULATION 589/07

MADE UNDER THE

SECURITIES ACT

AMENDING REG. 1015 OF R.R.O. 1990

(GENERAL)

Note: Regulation 1015 has previously been amended. Those amendments are listed in the Table of Current Consolidated Regulations -- Legislative History Overview which can be found at www.e-Laws.gov.on.ca.

1. Section 43 of Regulation 1015 of the Revised Regulations of Ontario, 1990 is revoked and the following substituted:

43. If a prospectus is required to be filed in respect of an issuer bid, the information required in Form 62-504F2 in Rule 62-504 Take-Over Bids and Issuer Bids, other than the certificate in Item 31 of Part 2 of the form, shall be included in the prospectus.

2. Sections 183, 184, 185, 186, 187, 188, 189, 193, 194, 195, 196, 198, 200, 201, 202 and 203 of the Regulation are revoked.

3. Forms 31, 32, 33, 34 and 35 of the Regulation are revoked.

4. Subsection 252 (2) of the Regulation is revoked and the following substituted:

(2) Part XXIII.1 of the Act applies to the acquisition or disposition of an issuer's security in connection with or pursuant to a take-over bid that is exempt under section 100, 100.3 or 100.4 of the Act or an issuer bid that is exempt under section 101.2, 101.4 or 101.5 of the Act and those bids are prescribed for the purposes of clause 138.2 (c) of the Act.

5. This Regulation comes into force on the day that the rule made by the Ontario Securities Commission on October 30, 2007 entitled "Rule 62-504 Take-Over Bids and Issuer Bids" comes into force.

Made by:

ONTARIO SECURITIES COMMISSION:

"W. DAVID WILSON"

Chair

"JAMES E. A. TURNER"

Vice-Chair

Date made: October 30, 2007.

I approve this Regulation.

"DWIGHT DOUGLAS DUNCAN"
Minister of Finance

Date approved: December 18, 2007.

Note: The rule made by the Ontario Securities Commission on October 30, 2007 entitled "Rule 62-504 Take-over Bids and Issuer Bids" comes into force on February 1, 2008