Notice Re: New MSA Investigation Procedures

April 4, 2008

NOTICE TO: MARKET PARTICIPANTS

Re: New MSA Investigation Procedures

On February 6, 2008 the MSA notified stakeholders that it had commenced a Stakeholder Consultation Process in relation to revised MSA Investigation Procedures being contemplated by the MSA.  At that time the MSA published a ‘Strawdog’ draft upon which interested parties were invited to provide comment.

Based upon the feedback received on the ‘Strawdog’ draft, on March 5, 2008 the MSA published a revised ‘Draft’ version of the proposed MSA Investigation Procedures, again made open for comment by interested parties.  Comments were received from five parties during the comment period set out in the related Project Schedule, and posted on the MSA website in accordance with the Stakeholder Consultation Process.

The MSA is now providing a formal response to the comments received in respect of the March 5, 2008 ‘Draft’ – see Appendix A to this Notice.  The new MSA Investigation Procedures are also being published with this notice. [MSA Investigation Procedures]

These new MSA Investigation Procedures take effect April 4, 2008 and will apply to all investigations, existing and new.

This concludes this Stakeholder Consultation Process at the ‘Decide’ stage.  The Project Schedule is attached for reference.

We appreciate your participation in these matters.

Yours truly,

“Original signed”

W.W. (Wayne) Silk
Vice-President, Chief Operating Officer
Market Surveillance Administrator.

Created: 4/4/2008