The Ontario Securities Commission has lifted a management cease-trade order in effect since May 2004, against Conrad Black and other insiders of Hollinger Inc.

The decision yesterday came after the Toronto holding company got up to date last month on filing its financial reports, which had been delayed due to regulatory and criminal investigations of practices at the company’s U.S.-based subsidiary, Hollinger International Inc.

Hollinger Inc.’s main asset is a 19.7% interest in Sun-Times Media Group Inc., formerly Hollinger International, which owns the Chicago Sun-Times.