TSX Inc. has adopted, and the Ontario Securities Commission has approved, amendments to the direct access trading rules that broaden the prescribed classes of eligible clients.

The purpose of the amendments is to broaden the prescribed classes of eligible clients for direct market access to include clients that are non-individuals with total securities under administration or management exceeding $10 million, where the client is resident in a Basel Accord country.

The proposed amendments were originally published for comment on January 13, 2006.

OSC staff considers the proposed changes to be a significant departure from the existing sponsored direct access rules. So, to avoid delaying the approval process for the amendments, TSX agreed to withdraw certain proposed changes that were originally published for comment in 2006.