Proceedings

IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, C. S.5, AS AMENDED
AND
IN THE MATTER OF
MARY DAWN DAVY
ORDER
(Section 127)

WHEREAS on October 31, 1997, the Ontario Securities Commission (the "Commission") issued a Notice of Hearing pursuant to section 127(1) of theSecurities Act, R.S.O. 1990, c. S.5, as amended (the "Act") in respect of Mary Dawn Davy ("Davy");

AND WHEREAS Davy and Staff of the Commission entered into a settlement agreement dated March 27, 1998 (the "Settlement Agreement") in which theyagreed to a proposed settlement of the proceeding respecting Davy subject to the approval of the Commission;

AND WHEREAS Davy has agreed that she will receive a suspension of her registration for a period of ten days from the Commission;

AND WHEREAS Davy has agreed to pay $1,500 towards the costs of Staff's investigation in this matter;

AND UPON reviewing the Settlement Agreement, the Statement of Allegations of Staff of the Enforcement Branch of the Commission and upon hearingsubmissions from Davy and Staff of the Commission;

AND UPON the Commission being of the opinion that it is in the public interest to make this order;

IT IS ORDERED THAT:

(1) the Settlement Agreement dated March 27, 1998, attached hereto, be and is hereby approved; and

(2) pursuant to clause 1 of subsection 127(1) of the Act, the registration of Davy is suspended for a period of ten days commencing on Monday, April 6, 1998.

March 31st, 1998.

"G. P. H. Vernon"

"Robert W. Korthals"