OSCSTAFF NOTICE 33-719
The Ontario Securities Commission,in conjunction with other Canadian securities regulators, is developinga web-based registration system called the National Registration Database("NRD"). Pursuant to the rules under which the NRD will be implemented,all registrants will be required to pay an annual registration fee ona day in December to be specified by proposed Multilateral Instrument33-108 Permanent Registration and proposed Rule 33-505 (CFA) PermanentRegistration (the "Permanent Registration rules").
In order to make the adjustmentto a common annual fee payment date, registrations that have expiredsince December 1, 2000 have been renewed until December 31, 2001. Dueto the expected delayed implementation of NRD until late 2002, OSC staffhas decided to discontinue renewing registrants to December 31, 2001.Staff anticipates that the practice of renewing all registrants to December31st will resume in 2002, the year in which NRD is expected to be operational.
The implementation of thePermanent Registration rules will be postponed until the implementationof NRD.