Montreal Exchange Inc. - s. 147 & s. 80

Order

IN THE MATTER OF THE SECURITIES ACT, R.S.O. 1990,
CHAPTER c.S. 5, AS AMENDED (THE "Act")

AND

THE COMMODITY FUTURES ACT, R.S.O 1990, CHAPTER 20, AS AMENDED (THE "CFA")

AND

IN THE MATTER OF THE MONTRêAL EXCHANGE INC.

ORDER
(section 147 of the Act and section 80 of the CFA)

UPON the application of the MontrÇal Exchange and the MontrÇal Exchange Inc. (collectively referred to as the "ME"), pursuant to section 147 of the Act and section 80 of the CFA for an order exempting the ME from the requirement to be recognized as a stock exchange under section 21 of the Act and registered as a commodity futures exchange under section 15 of the CFA (the "Application");

AND UPON the ME having represented to the Commission that the ME carries on business as a stock exchange and a derivatives exchange in QuÇbec and is recognized under the Securities Act (QuÇbec) as a self-regulatory organization;

AND UPON an Order being granted by the Commission dated October 3, 2000 (the "Exemption Order") exempting the ME on an interim basis from the requirement to be recognized as a stock exchange under section 21 of the Act and registered as a commodity futures exchange under section 15 of the CFA;

AND UPON the Commission being satisfied that granting the ME an extension of the Exemption Order pursuant to section 147 of the Act and section 80 of the CFA on an interim basis would not be contrary to the public interest;

IT IS ORDERED, pursuant to section 147 of the Act and section 80 of the CFA, that the ME be exempt from the requirement to be recognized as a stock exchange under section 21 of the Act and registered as a commodity futures exchange under section 15 of the CFA, so long as the ME continues to be recognized as a self-regulatory organization under the Securities Act (QuÇbec); provided that:


1.the exemption provided for in this Order shall terminate at the earlier of (i) the date that the ME is granted an order by the Commission recognizing it as a stock exchange and registering it as a commodity futures exchange or exempting it from the requirement to be recognized as a stock exchange and registered as a commodity futures exchange; and (ii) May 31, 2001.

January 2, 2001.


"Howard Wetston""J.A. Geller"