iShares CDN MSCI Emerging Markets Index Fund and iShares CDN MSCI World Index Fund – s. 1.1

Headnote

Certain mutual funds designated as exchange-traded funds for the purposes of OSC Rule 48-501.

Rules Cited

Ontario Securities Commission Rule 48-501 Trading During Distributions, Formal Bids and Share Exchange Transactions, s. 1.1.

IN THE MATTER OF

ONTARIO SECURITIES COMMISSION RULE 48-501 --

TRADING DURING DISTRIBUTIONS, FORMAL BIDS

AND SHARE EXCHANGE TRANSACTIONS (Rule)

AND

IN THE MATTER OF

iSHARES CDN MSCI

EMERGING MARKETS INDEX FUND

AND

iSHARES CDN MSCI WORLD INDEX FUND

(collectively, the Funds)

DESIGNATION ORDER

Section 1.1

WHEREAS each of the Funds is listed on the Toronto Stock Exchange;

AND WHEREAS the Investment Industry Regulatory Organization of Canada has designated, or intends to designate, each of the Funds as an Exchange-traded Fund for the purposes of the Universal Market Integrity Rules (UMIR);

AND WHEREAS the definition of "exchange-traded fund" in the Rule is substantially similar to the definition of Exchange-traded Fund in UMIR;

THE DIRECTOR HEREBY DESIGNATES each of the Funds as an exchange-traded fund for the purposes of the Rule.

Dated July 14, 2009