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The Alberta Gazette
Part I
Vol. 108	Edmonton, Saturday, March 31, 2012	No. 6
PROCLAMATION
[GREAT SEAL] 
CANADA 
PROVINCE OF ALBERTA	Donald S. Ethell, Lieutenant Governor.
ELIZABETH THE SECOND, by the Grace of God, of the United Kingdom, 
Canada, and Her Other Realms and Territories, QUEEN, Head of the 
Commonwealth, Defender of the Faith
P R O C L A M A T I O N
To all to Whom these Presents shall come
G R E E T I N G
Ray Bodnarek Deputy Minister of Justice and 
Deputy Attorney General
WHEREAS section 34 of the Engineering, Geological and Geophysical Professions 
Amendment Act, 2011 provides that that Act comes into force on Proclamation; and;
WHEREAS it is expedient to proclaim the Engineering, Geological and Geophysical 
Professions Amendment Act, 2011 in force:
NOW KNOW YE THAT by and with the advice and consent of Our Executive 
Council of Our Province of Alberta, by virtue of the provisions of the said Act 
hereinbefore referred to and of all other power and authority whatsoever in Us vested 
in that behalf, We have ordered and declared and do hereby proclaim the Engineering, 
Geological and Geophysical Professions Amendment Act, 2011 in force on March 15, 
2012.
IN TESTIMONY WHEREOF We have caused these Our Letters to be made Patent 
and the Great Seal of Our Province of Alberta to be hereunto affixed.
IN TESTIMONY WHEREOF We have caused these Our Letters to be made Patent 
and the Great Seal of Our Province of Alberta to be hereunto affixed.
WITNESS: COLONEL (RETIRED) THE HONOURABLE DONALD S. 
ETHELL, Lieutenant Governor of Our Province of Alberta, in Our City of Edmonton 
in Our Province of Alberta, this 15th day of March in the Year of Our Lord Two 
Thousand Twelve and in the Sixty-first Year of Our Reign.
BY COMMAND	Verlyn Olson, Provincial Secretary.
_______________
PROCLAMATION
[GREAT SEAL] 
CANADA 
PROVINCE OF ALBERTA	Donald S. Ethell, Lieutenant Governor.
ELIZABETH THE SECOND, by the Grace of God, of the United Kingdom, 
Canada, and Her Other Realms and Territories, QUEEN, Head of the 
Commonwealth, Defender of the Faith
P R O C L A M A T I O N
To all to Whom these Presents shall come
G R E E T I N G
Ray Bodnarek Deputy Minister of Justice and 
Deputy Attorney General
WHEREAS section 157 of the Health Professions Act provides that that Act, except 
section 143(3), comes into force on Proclamation; and
WHEREAS it is expedient to proclaim sections 152(1) (a) and (c) and 156(j) and 
Schedule 21.1 of the Health Professions Act in force:
NOW KNOW YE THAT by and with the advice and consent of Our Executive 
Council of Our Province of Alberta, by virtue of the provisions of the said Act 
hereinbefore referred to and of all other power and authority whatsoever in Us vested 
in that behalf, We have ordered and declared and do hereby proclaim sections 
152(1)(a) and (c) and 156(j) and Schedule 21.1 of the Health Professions Act in force 
on July 2, 2012.
IN TESTIMONY WHEREOF We have caused these Our Letters to be made Patent 
and the Great Seal of Our Province of Alberta to be hereunto affixed.
WITNESS: COLONEL (RETIRED) THE HONOURABLE DONALD S. 
ETHELL, Lieutenant Governor of Our Province of Alberta, in Our City of Edmonton 
in Our Province of Alberta, this 15th day of March in the Year of Our Lord Two 
Thousand Twelve and in the Sixty-first Year of Our Reign.
BY COMMAND	Verlyn Olson, Provincial Secretary.
PROCLAMATION
[GREAT SEAL] 
CANADA 
PROVINCE OF ALBERTA	Donald S. Ethell, Lieutenant Governor.
ELIZABETH THE SECOND, by the Grace of God, of the United Kingdom, 
Canada, and Her Other Realms and Territories, QUEEN, Head of the 
Commonwealth, Defender of the Faith
P R O C L A M A T I O N
To all to Whom these Presents shall come
G R E E T I N G
Ray Bodnarek Deputy Minister of Justice and 
Deputy Attorney General
WHEREAS section 38 of the Health Professions Amendment Act, 2008 provides 
that that Act comes into force on Proclamation; and
WHEREAS it is expedient to proclaim section 31 of the Health Professions 
Amendment Act, 2008 in force:
NOW KNOW YE THAT by and with the advice and consent of Our Executive 
Council of Our Province of Alberta, by virtue of the provisions of the said Act 
hereinbefore referred to and of all other power and authority whatsoever in Us vested 
in that behalf, We have ordered and declared and do hereby proclaim section 31 of the 
Health Professions Amendment Act, 2008 in force on July 2, 2012.
IN TESTIMONY WHEREOF We have caused these Our Letters to be made Patent 
and the Great Seal of Our Province of Alberta to be hereunto affixed.
WITNESS: COLONEL (RETIRED) THE HONOURABLE DONALD S. 
ETHELL, Lieutenant Governor of Our Province of Alberta, in Our City of Edmonton 
in Our Province of Alberta, this 15th day of March in the Year of Our Lord Two 
Thousand Twelve and in the Sixty-first Year of Our Reign.
BY COMMAND	Verlyn Olson, Provincial Secretary.
_______________
PROCLAMATION
[GREAT SEAL] 
CANADA 
PROVINCE OF ALBERTA	Donald S. Ethell, Lieutenant Governor.
ELIZABETH THE SECOND, by the Grace of God, of the United Kingdom, 
Canada, and Her Other Realms and Territories, QUEEN, Head of the 
Commonwealth, Defender of the Faith
P R O C L A M A T I O N
To all to Whom these Presents shall come
G R E E T I N G
Ray Bodnarek Deputy Minister of Justice and 
Deputy Attorney General
WHEREAS section 23 of the Securities Amendment Act, 2010 provides that sections 
2(a), (c) and (d), 3, 4, 7 to 10, 12 to 16, 18(a) and 19 to 21 of that Act come into force 
on Proclamation; and
WHEREAS it is expedient to proclaim sections 2(a) and (c), 3, 7, 10(b), 12, 13, 15, 
16, 18(a) and 21(b) of the Securities Amendment Act, 2010 in force:
NOW KNOW YE THAT by and with the advice and consent of Our Executive 
Council of Our Province of Alberta, by virtue of the provisions of the said Act 
hereinbefore referred to and of all other power and authority whatsoever in Us vested 
in that behalf, We have ordered and declared and do hereby proclaim sections 2(a) 
and (c), 3, 7, 10(b), 12, 13, 15, 16, 18(a) and 21(b) of the Securities Amendment Act, 
2010  in force on April 20, 2012.
IN TESTIMONY WHEREOF We have caused these Our Letters to be made Patent 
and the Great Seal of Our Province of Alberta to be hereunto affixed.
WITNESS: COLONEL (RETIRED) THE HONOURABLE DONALD S. 
ETHELL, Lieutenant Governor of Our Province of Alberta, in Our City of Edmonton 
in Our Province of Alberta, this 8th day of March in the Year of Our Lord Two 
Thousand Twelve and in the Sixty-first Year of Our Reign.
BY COMMAND	Verlyn Olson, Provincial Secretary.
_______________
PROCLAMATION
[GREAT SEAL] 
CANADA 
PROVINCE OF ALBERTA	Donald S. Ethell, Lieutenant Governor.
ELIZABETH THE SECOND, by the Grace of God, of the United Kingdom, 
Canada, and Her Other Realms and Territories, QUEEN, Head of the 
Commonwealth, Defender of the Faith
P R O C L A M A T I O N
To all to Whom these Presents shall come
G R E E T I N G
Ray Bodnarek Deptuy Minister of Justice and 
Deputy Attorney General
WHEREAS section 19 of the Securities Amendment Act, 2011 provides that sections 
2(a), 6, 11 and 13 of  that Act comes into force on Proclamation; and
WHEREAS it is expedient to proclaim section 11 of the Securities Amendment Act, 
2011 in force:
NOW KNOW YE THAT by and with the advice and consent of Our Executive 
Council of Our Province of Alberta, by virtue of the provisions of the said Act 
hereinbefore referred to and of all other power and authority whatsoever in Us vested 
in that behalf, We have ordered and declared and do hereby proclaim section 11 of the 
Securities Amendment Act, 2011 in force on April 20, 2012.
IN TESTIMONY WHEREOF We have caused these Our Letters to be made Patent 
and the Great Seal of Our Province of Alberta to be hereunto affixed.
WITNESS: COLONEL (RETIRED) THE HONOURABLE DONALD S. 
ETHELL, Lieutenant Governor of Our Province of Alberta, in Our City of Edmonton 
in Our Province of Alberta, this 8th day of March in the Year of Our Lord Two 
Thousand Twelve and in the Sixty-first Year of Our Reign.
BY COMMAND	Verlyn Olson, Provincial Secretary.
_______________
PROCLAMATION
[GREAT SEAL] 
CANADA 
PROVINCE OF ALBERTA	Donald S. Ethell, Lieutenant Governor.
ELIZABETH THE SECOND, by the Grace of God, of the United Kingdom, 
Canada, and Her Other Realms and Territories, QUEEN, Head of the 
Commonwealth, Defender of the Faith
P R O C L A M A T I O N
To all to Whom these Presents shall come
G R E E T I N G
Ray Bodnarek Deputy Minister of Justice and 
Deputy Attorney General
WHEREAS section 27 of the Witness Security Act provides that that Act comes into 
force on Proclamation; and 
WHEREAS it is expedient to proclaim the Witness Security Act in force:
NOW KNOW YE THAT by and with the advice and consent of Our Executive 
Council of Our Province of Alberta, by virtue of the provisions of the said Act 
hereinbefore referred to and of all other power and authority whatsoever in Us vested 
in that behalf, We have ordered and declared and do hereby proclaim the Witness 
Security Act in force on April 1, 2012.
IN TESTIMONY WHEREOF We have caused these Our Letters to be made Patent 
and the Great Seal of Our Province of Alberta to be hereunto affixed.
WITNESS: COLONEL (RETIRED) THE HONOURABLE DONALD S. 
ETHELL, Lieutenant Governor of Our Province of Alberta, in Our City of Edmonton 
in Our Province of Alberta, this 15th day of March in the Year of Our Lord Two 
Thousand Twelve and in the Sixty-first Year of Our Reign.
BY COMMAND	Verlyn Olson, Provincial Secretary.
APPOINTMENTS
Appointment of Provincial Court Judge
(Provincial Court Act)
March 22, 2012 
Robin Brian Camp
April 10, 2012 
Kenneth Richard McLeod
April 16, 2012 
Gordon William Sharek, Q.C.
GOVERNMENT NOTICES
Agriculture and Rural Development
Form 15
(Irrigation Districts Act) 
(Section 88)
Notice to Irrigation Secretariat: 
Change of Area of an Irrigation District
On behalf of the Western Irrigation District, I hereby request that the Irrigation 
Secretariat forward a certified copy of this notice to the Registrar for Land Titles for 
the purposes of registration under section 22 of the Land Titles Act and arrange for 
notice to be published in the Alberta Gazette.
The following parcels of land should be removed from the irrigation district and the 
notation removed from the certificate of title:

LINC Number
Short Legal Description as shown on title
Title Number
0026 376 947
9510938;1
121 041 858
0034 344 234
1012248;2;1
101 160 323
0031 891 112
0613232;1;8
061 368 483
I certify the procedures required under part 4 of the Irrigation Districts Act have been 
completed and the area of the Western Irrigation District should be changed 
according to the above list.
Rebecca Fast, Office Administrator, 
Irrigation Secretariat.
Culture and Community Services
Notice of Receipt of a Repatriation Application
(Blackfoot First Nations Sacred Ceremonial Objects Repatriation Regulation)
This notice will be published at a later date. 


Energy
Production Allocation Unit Agreement
(Mines and Minerals Act)
Notice is hereby given, pursuant to section 102 of the Mines and Minerals Act, that 
the Minister of Energy on behalf of the Crown has executed counterparts of the 
agreement entitled "Production Allocation Unit Agreement - Garrington Cardium 
Agreement #2" and that the Unit became effective on April 1, 2011.


 


 


 


Notice is hereby given, pursuant to section 102 of the Mines and Minerals Act, that 
the Minister of Energy on behalf of the Crown has executed counterparts of the 
agreement entitled "Production Allocation Unit Agreement - Garrington Cardium 
Agreement #3" and that the Unit became effective on June 1, 2011.


 
 


 


Notice is hereby given, pursuant to section 102 of the Mines and Minerals Act, that 
the Minister of Energy on behalf of the Crown has executed counterparts of the 
agreement entitled "Production Allocation Unit Agreement - Provost Dina 
Agreement No. 1" and that the Unit became effective on December 1, 2011.


 


 


 


Unit Agreement
(Mines and Minerals Act)
Notice is hereby given, pursuant to section 102 of the Mines and Minerals Act, that 
the Minister of Energy on behalf of the Crown has executed counterparts of the 
agreement entitled "Unit Agreement - East Taber Mannville D Unit No. 1" with 
respect to M4 R16 T009: 7L13; 17L12; 18L1, L5, L8; 19L8; 20L3, L6, L11, L13, 
L15; 29L2, L3, L7, L8, L9, and that the enlargement became effective on October 1, 
2011.


 


 


 


Finance
Certificate of Registration
(Loan and Trust Corporations Act)
Notice is hereby given that a Certificate of Registration was issued to B2B Trustco 
effective March 13, 2012.
J.T. Flett, C.A. 
Executive Director 
Financial Institutions - Policy
Standard Automobile Insurance Policy (SPF # 1)
Notice is hereby given pursuant to section 610 of the Insurance Act that, 
as a result of the coming into force of section 29 of the Insurance 
Amendment Act, 2008, the Superintendent of Insurance has approved the 
following Standard Automobile Policy (SPF # 1)for use in Alberta, 
effective July 1, 2012.
Brad Geddes 
Deputy Superintendent of Insurance
Alberta Standard Automobile Policy
S.P.F. No. 1
(Insurance Act)
INDEX
BODILY INJURY OR DAMAGE TO PROPERTY 
Section A - Third Party Liability 
AGREEMENTS OF THE INSURED
SECTION B - ACCIDENT BENEFITS 
Subsection 1 - Medical Payments  
Subsection 2 - Death and Total Disability 
Subsection 3 - Uninsured Motorist Cover
SPECIAL PROVISIONS, DEFINITIONS AND EXCLUSIONS OF ACCIDENT 
BENEFITS SECTION
LOSS OF OR DAMAGE TO INSURED AUTOMOBILE - SECTION C 
All Perils Coverage - Subsection 1 
Collision or Upset Coverage - Subsection 2 
Comprehensive Coverage - Subsection 3 
Specified Perils Coverage - Subsection 4 
Deductible Clause
GENERAL PROVISIONS, DEFINITIONS AND EXCLUSIONS
STATUTORY CONDITIONS
INSURING AGREEMENTS
Now, Therefore in Consideration of the payment of the premium specified and of the 
statements contained in the application and subject to the limits, terms, conditions, 
provisions, definitions and exclusions herein stated and subject always to the 
condition that the Insurer shall be liable only under the section(s) or subsection(s) of 
the following Insuring Agreements A, B, C for which a premium is specified in Item 
4 of the application and no other.
SECTION A - THIRD PARTY LIABILITY
The Insurer agrees to indemnify the Insured and, in the same manner and to the same 
extent as if named herein as the Insured, every other person who with his consent 
personally drives the automobile, or personally operates any part thereof, against the 
liability imposed by law upon the Insured or upon any such other person for loss or 
damage arising from the ownership, use or operation of the automobile and resulting 
from
BODILY INJURY TO OR DEATH OF ANY PERSON OR DAMAGE TO 
PROPERTY
The Insurer shall not be liable under this section,
(a)	for any liability imposed by any workmen's compensation law upon any person 
insured by this section; or
(b)	-deleted
(c)	for loss or damage resulting from bodily injury to or the death of any employee 
of any person insured by this section while engaged in the operation or repair of 
the automobile; or
(d)	for loss of or damage to property carried in or upon the automobile or to any 
property owned or rented by, or in the care, custody or control of any person 
insured by this section; or
(e)	-deleted
(f)	-deleted
(g)	for any amount in excess of the limit(s) stated in section A of item 4 of the 
application and expenditures provided for in the Additional Agreements of this 
section; subject always to the provisions of the section of the Insurance Act 
(Automobile Insurance Part) relating to the nuclear energy hazard;
(h)	for any liability arising from contamination of property carried in the automobile.
See also General Provisions, Definitions, Exclusions and Statutory Conditions of 
this Policy
ADDITIONAL AGREEMENTS OF INSURER
Where indemnity is provided by this section the Insurer shall,
(1)	upon receipt of notice of loss or damage caused to persons or property, serve any 
person insured by this Policy by such investigation thereof, or by such 
negotiations with the claimant, or by such settlement of any resulting claims, as 
may be deemed expedient by the Insurer; and
(2)	defend in the name and on behalf of any person insured by this Policy and at the 
cost of the Insurer any civil action which may at any time be brought against 
such person on account of such loss or damage to persons or property; and
(3)	pay all costs taxed against any person insured by this Policy in any civil action 
defended by the Insurer and any interest accruing after entry of judgment upon 
that part of the judgment which is within the limit(s) of the Insurer's liability; and
(4)	in case the injury be to a person, reimburse any person insured by this Policy for 
outlay for such medical aid as may be immediately necessary at the time of such 
injury; and
(5)	be liable up to the minimum limit(s) prescribed for that province or territory of 
Canada in which the accident occurred, if that limit(s) is higher than the limit(s) 
stated in section A of Item 4 of the application; and
(6)	not set up any defence to a claim that might not be set up if the policy were a 
motor vehicle liability policy issued in the province or territory of Canada in 
which the accident occurred.
AGREEMENTS OF INSURED
Where indemnity is provided by this section, every person insured by this Policy:
(a)	by the acceptance of this Policy, constitutes and appoints the Insurer his 
irrevocable attorney to appear and defend in any province or territory of Canada 
in which action is brought against the Insured arising out of the ownership, use or 
operation of the automobile;
(b)	shall reimburse the Insurer, upon demand, in the amount which the Insurer has 
paid by reason of the provisions of any statute relating to automobile insurance 
and which the Insurer would not otherwise be liable to pay under this Policy.
SECTION B - ACCIDENT BENEFITS
The Insurer agrees to pay to or with respect to each insured person as defined in this 
section who sustains bodily injury or death directly and independently of all other 
causes by an accident arising out of the use or operation of an automobile.


SUBSECTION 1 - MEDICAL PAYMENTS
(1)	In respect of
(a)	injuries to which the Diagnostic and Treatment Protocols Regulation applies 
and that are diagnosed and treated in accordance with the protocols under 
that Regulation, the expenses payable for any service, diagnostic imaging, 
laboratory testing, specialized testing, supply, treatment, visit, therapy, 
assessment or making a report, or any other activity or function authorized 
under that Regulation, and payment must be made in the manner and subject 
to the provisions of that Regulation, notwithstanding anything to the 
contrary in Section B, and
(b)	injuries
(i)	to which the Diagnostic and Treatment Protocols Regulation applies but 
that are not diagnosed and treated in accordance with the protocols 
under that Regulation,
(ii)	to which the Diagnostic and Treatment Protocols Regulation ceases to 
apply but for which the insured person wishes to make a claim under 
provision (3) of "Special Provisions, Definitions, and Exclusions of 
Section B", and
(iii)	to which Section B applies, other than those injuries referred to in 
subclauses (i) and (ii),
all reasonable expenses incurred within 2 years from the date of the accident 
as a result of those injuries for necessary medical, surgical, chiropractic, 
dental, hospital, psychological, physical therapy, occupational therapy, 
massage therapy, acupuncture, professional nursing and ambulance services 
and, in addition, for other services and supplies that are, in the opinion of the 
insured person's attending physician and in the opinion of the Insurer's 
medical advisor, essential for the treatment or rehabilitation of the injured 
person,
to the limit of $50,000 per person.
(2)	Notwithstanding provision (1),
(a)	expenses payable in respect of chiropractic services provided under 
provision (1)(b) are limited to $750 per person;
(b)	expenses payable in respect of massage therapy services provided under 
provision (1)(b) are limited to $250;
(c)	expenses payable in respect of acupuncture services provided under 
provision (1)(b) are limited to $250.
(3)	Subject to provision (4), the Insurer is not liable under this provision for those 
portions of expenses payable or recoverable under any medical, surgical, dental 
or hospitalization plan or law or, except for similar insurance provided under 
another automobile insurance contract, under any other insurance contract or 
certificate issued to or for the benefit of any insured person.
(4)	Except for those portions of expenses payable or recoverable under any law, 
provision (3) does not apply to expenses payable or recoverable for an injury to 
which the Diagnostic and Treatment Protocols Regulation applies.
SUBSECTION 2 - DEATH, GRIEF COUNSELLING, FUNERAL AND 
TOTAL DISABILITY
Part 1 - Death, Grief Counselling and Funeral Benefits
Subject to the provisions of this Part 1, for death, a payment of a principal sum - 
based on the age and status at the date of the accident of the deceased in a household 
where the head of the household or the spouse/adult interdependent partner or 
dependants survive - of the following amount:
Age of Deceased at 
Date of Accident
Status of Deceased at 
Date of Accident

Head of 
Household
Spouse/Adult 
Interdependent 
Partner
Dependent 
Relative
Up to age of 4 years
-
-
$1000
5 to 9 years
-
-
 2000
10 to 17 years
$10 000
$10 000
 3000
18 to 64 years
 10 000
 10 000
 2000
65 to 69 years
 10 000
 10 000
 2000
70 years and over
 10 000
 10 000
 1000

In addition, funeral service expenses up to the amount of $5,000 in respect of the 
death of any one person.
In addition, grief counselling expenses up to the amount of $400 per family in respect 
of the death of any one person.
In addition, with respect to the death of the head of household,
(a)	where there are 2 or more survivors who are
(i)	a spouse/adult interdependent partner and one or more dependent relatives, 
or
(ii)	2 or more dependent relatives,
the principal sum payable is increased 20% for each survivor other than the first, 
and
(b)	where there is a spouse/adult interdependent partner or dependent relative 
survivor living in the household, the death benefit is increased
(i)	by $15,000 for the first spouse/adult interdependent partner or dependent 
relative survivor, and
(ii)	by a subsequent $4,000 for each of the remaining survivors.
For the purposes of this Part I
(1)	"head of household" means that member of a household with the largest income 
in the year preceding the date of the accident;
(2)	"dependent relative" means a person
(a)	under the age of 18 years for whose support the head of household or the 
spouse/adult interdependent partner of the head of household (or both of 
them) is legally liable and who is dependent upon either or both of them for 
financial support; or
(b)	18 years of age or over and residing in the same dwelling premises as the 
head of household who, because of mental or physical infirmity, is 
principally dependent on the head of household or the spouse/adult 
interdependent partner of the head of household (or  both the head of 
household and the spouse/adult interdependent partner) for financial 
support;
(2.1)If the head of household has both a spouse and an adult interdependent partner, a 
reference to spouse/adult interdependent partner or surviving spouse/adult 
interdependent partner means
(a)	the spouse or surviving spouse, or
(b)	the adult  interdependent partner or surviving adult interdependent partner 
living in the same dwelling premises as the head of household.
(3)	the total  sum payable shall be paid with respect to death of head of household or 
spouse/adult interdependent partner to the surviving spouse/adult interdependent 
partner. If there is no surviving spouse/adult interdependent partner in the 
household, no amount shall be payable unless there are surviving dependent  
relatives and in that event the total sum payable shall be divided equally among 
the surviving dependent relatives;
(4)	the total amount payable with respect to death due to a common disaster of head 
of household and spouse/adult interdependent partner shall be paid equally to 
surviving dependent relatives;
(5)	the sum payable with respect to the death of a dependent relative shall be paid to 
the head of household or, if he does not survive, to the surviving spouse/adult 
interdependent partner of the head of household but, if neither the head of 
household nor the spouse/adult interdependent partner survives, no amount is 
payable;
(6)	amounts payable under this Part I shall be paid only to a person who is alive 60 
days after the death of the insured person;
(7)	the amount payable under this Part I for the death of any person shall be reduced 
by the amount of any payments made to or for such person with respect to the 
same accident under Part II, Total Disability;
(8)	the amount payable under this Part for grief counselling is payable to the 
spouse/adult interdependent partner or other immediate family member of the 
deceased in respect of grief counselling for the immediate family members of an 
insured person who dies as a result of the accident.
Part II - Total Disability
A weekly benefit for the period during which the injury shall wholly and continuously 
disable such insured person, provided
(a)	such person was employed at the date of the accident;
(b)	within 60 days from the date of the accident such injury prevents him from 
performing any and every duty pertaining to his occupation or employment;
(c)	no benefit shall be payable for the first seven days of such disability or for any 
period in excess of 104 weeks.
Amount of Weekly Benefit - The weekly benefit payable shall be the lesser of: 
(a)	$400 per week, and
(b)	80% of the average gross weekly earnings, less any payments for loss of income 
from occupation or employment  received by or available to such insured person 
under Subsection 2 (A) of this Section B.
The above benefits shall be subject to the terms of provision (3) below.


For the purpose of this Part II,
(1)	an insured person who is 18 years of age or over and who is not engaged in an 
occupation  or employment for wages or profit and is completely incapacitated  
and unable to perform  any of his or her household duties shall, while so 
incapacitated,  receive $135 per week for not more than 26 weeks;
(1.1)	average gross weekly earnings is the greater of
(a)	average gross weekly earnings from an occupation or employment for the 4 
weeks preceding the accident, and
(b)	average gross weekly earnings from an occupation or employment for the 52 
weeks preceding the accident;
(2)	a person shall be deemed to be employed
(a)	if actively engaged in occupation or employment for wages or profit at the 
date of the accident, or
(b)	if 18 years of age or over, so engaged for any six months during the 12 
months preceding the date of the accident.
(3)	if the benefits for loss of time payable under this Part, together with benefits for 
loss of time  under another contract,  including a contract  of group accident  
insurance  and a life  insurance  contract  providing disability insurance, exceed 
the average gross weekly earnings of the insured person, the weekly benefit shall 
be calculated in accordance with the following formula:
WB = 80% of WE x PB PB + OB
where
WB is the weekly benefit,
WE is the average gross weekly earnings of the insured person,
PB is the lesser of $400 and 80% of WE,
OB is the total of all other weekly benefits payable to the insured person under 
other contracts, including a contract of group accident insurance and a life 
insurance contract providing disability insurance, excluding benefits under 
the Employment Insurance Act (Canada) and the Canada Pension Plan 
(Canada);
(4)	the disability of the insured person shall be certified by a duly qualified 
medical practitioner, if so required by the Insurer.
SUBSECTION 2(A) - SUPPLEMENTED BENEFITS RESPECTING 
ACCIDENTS OCCURRING OUTSIDE ALBERTA IN A NO-FAULT 
JURISDICTION
(1)	In this Subsection, 2(A)
(a)	"accident" means an event resulting in bodily injury caused by an 
automobile or by the use of an automobile or by the load of an automobile, 
including damage caused by a trailer;
(b)	"applicable laws" means, with respect to a no-fault jurisdiction, the laws in 
force from time to time governing the system of no-fault automobile 
insurance in that jurisdiction;
(c)	"insured person" means an individual who is a resident of Alberta and who
(i)	is an occupant of the described automobile or of a newly acquired or 
temporary substitute automobile as defined in this policy,
(ii)	is an occupant of an automobile and is
(A)	the named insured, or a spouse/adult  interdependent partner of the 
named insured living in the same dwelling premises as the named 
insured, or
(B)	a dependent relative of an individual referred to in paragraph
(A)	living in the same dwelling premises as the named insured,
(iii)	while a pedestrian, is struck by the described automobile or a newly 
acquired or temporary substitute automobile as defined in this policy,
(iv)	while a pedestrian, is struck by an automobile and is
(A)	the named insured, or a spouse/adult  interdependent partner of the 
named insured living in the same dwelling premises as the named 
insured, or
(B)	a dependent relative of an individual referred to in paragraph
(A)	living in the same dwelling premises as the named insured,
(v)	is the occupant of an automobile or a pedestrian struck by an 
automobile and is
(A)	an employee or partner of the named insured who is provided with 
the regular use of the described automobile, or a spouse/adult 
interdependent partner of the employee living in the same dwelling 
premises as the employee or a spouse/adult interdependent partner 
of the partner living in the same dwelling premises as the partner, 
or
(B)	a dependent relative of an individual referred to in paragraph
(A)	living in the same dwelling premises as that individual,
or
(vi)	is
(A)	the occupant of an automobile, or
(B)	a pedestrian struck by an automobile driven by an individual  
described in any of subclauses (i) through (v),
but does not include an individual who is, at the time of an accident in 
Quebec, the owner or occupant of an automobile registered in Quebec;
(d)	"no-fault jurisdiction" means the Province of Quebec, Ontario, Manitoba or 
Saskatchewan;
(e)	"pedestrian" means an individual who is not an occupant of an automobile;
(f)	"resident of Alberta" means an individual who
(i)	is authorized by law to be or to remain in Canada and is living and 
ordinarily present in Alberta, and
(ii)	meets the criteria for non-residency in the no-fault jurisdiction 
established by the applicable laws of the no-fault jurisdiction.
(2)	The definition of "insured person" under the heading Special Provisions, 
Definitions, and Exclusions of Section B does not apply to this Subsection.
(3)	Where an insured person suffers personal injury as a result of an accident 
occurring in a no-fault jurisdiction, the insurer agrees to pay to the insured person 
the amount that would be payable under the applicable laws of the no-fault 
jurisdiction as if the insured person were a resident of the no-fault jurisdiction.
(4)	For the purposes of calculating an amount payable under (3) in respect of an 
accident occurring in Quebec, references in the Automobile Insurance Act 
(Quebec) to other statutes or regulations of Quebec used to calculate an amount 
payable under (3) shall be read as references to corresponding Alberta statutes or 
regulations or federal statutes or regulations that apply in Alberta.
(5)	In any claim or action in Alberta arising out of an accident in Alberta, the insurer 
agrees not to exercise its right of subrogation against a resident of Manitoba or 
Saskatchewan in respect of Section B - Accident Benefits paid to a resident of 
Alberta under this policy.
(6)	No exclusion or limitation in Section B or in the General Provisions, Definitions 
and Exclusions and the Statutory Conditions of this policy may be raised by the 
insurer in respect of a claim by an insured under (3).
SUBSECTION 3 - UNINSURED MOTORIST COVER
All sums which every insured person shall be legally entitled to recover as damages 
for bodily injury and all sums which any other person shall be legally entitled to 
recover as damages because of the death of any insured person, from the owner or 
driver of an uninsured or unidentified automobile as defined herein.
(1)	The Insurer shall not be liable under this subsection,
(a)	to any person who has a right of recovery under an unsatisfied judgment or 
similar fund or plan in effect in any jurisdiction of Canada or the United 
States of America;
(b)	to any person who, without the written consent of the Insurer, makes 
directly or through his representative any settlement with or prosecutes to 
judgment any action against any person or organization which may be 
legally liable therefor;
(c)	for any amount in excess of the minimum limit(s) for automobile bodily 
injury liability insurance applicable in the jurisdiction in which the accident 
occurs regardless of the number of persons so injured or killed, but in no 
event shall such limit(s) exceed the minimum limit(s) applicable in the 
jurisdiction stated in Item 1 of the application.
(2)	Uninsured automobile defined
An "uninsured automobile" under this section means an automobile with respect 
to which neither the owner nor driver thereof has applicable and collectible 
bodily injury liability insurance for its ownership, use or operation, but shall not 
include an automobile owned by or registered in the name of
(a)	the named insured or by any person residing in the same dwelling premises 
therewith; or
(b)	the governments of Canada or the United States of America or any political 
sub-division thereof or any agency or corporation owned or controlled by 
any of them; or
(c)	any person who is an authorized self-insurer within the meaning of a 
financial or safety responsibility law; or
(d)	any person who has filed a bond or otherwise given proof of financial 
responsibility with respect to his liability for the ownership, use or operation 
of automobiles.
(3)	Unidentified automobile defined
An "unidentified" automobile under this subsection means an automobile which 
causes bodily injury or death to an insured person arising out of physical contact 
of such automobile with the automobile of which the insured person is an 
occupant at the time of the accident, provided
(a)	the identity of either the owner or driver of such automobile cannot be 
ascertained, and 
(b)	the insured person or someone on his behalf has reported the accident within 
24 hours to a police, peace or judicial officer or to an administrator of motor 
vehicle laws and shall have filed with the Insurer within 30 days thereafter   
a statement   under oath that the insured person or his legal representative 
has a cause or causes of action arising out of such accident for damages 
against a person or persons whose identity cannot be ascertained and setting 
forth the facts in support thereof; and
(c)	at the request of the Insurer, the insured person or his legal representative 
makes available for inspection the automobile of which the insured person 
was an occupant at the time of the accident.
(4)	Limitation of liability
(a)	If claim is made under this subsection and claim is also made against any 
person who is an insured under section A - Third Party Liability of this 
Policy, any payment under this subsection shall be applied in reduction of 
any amount which the insured person may be entitled to recover from any 
person who is insured under section A;
(b)	Any payment made under section A or under subsections 1 or 2 of section B 
of this Policy to an insured person hereunder shall be applied in reduction of 
any amount which such person may be entitled to recover under this 
subsection.
(5)	Determination of legal liability and amount of damages
The determination as to whether the insured person shall be legally entitled to 
recover damages and if so entitled, the amount thereof, shall be made by 
agreement between the insured person and the Insurer.
If any difference arises between the insured person and the Insurer as to whether 
the insured person is legally entitled to recover damages and, if so entitled, as to 
the amount thereof these questions shall be submitted to arbitration of some 
person to be chosen by both parties, or if they cannot agree on one person, then 
by two persons, one to be chosen by the insured person and the other by the 
Insurer and a third person to be appointed by the persons so chosen. The 
submission shall be subject to the provisions of The Arbitration Act and the 
award shall be binding upon the parties.
(6)	Notice of legal action
If, before the Insurer makes payment of loss hereunder, the insured person or his 
representative shall institute any legal action for bodily injury or death against 
any other person owning or operating an automobile involved in the accident, a 
copy of the writ of summons or other process served in connection with such 
legal action shall be forwarded immediately to the Insurer.
SPECIAL PROVISIONS, DEFINITIONS, AND EXCLUSIONS  
OF SECTION B
(1)	"INSURED PERSON" DEFINED
In this section, the words "insured person" mean
(a)	any person while an occupant of the described automobile or of a newly 
acquired or temporary substitute automobile as defined in this policy;
(b)	the insured and, if residing in the same dwelling premises as the insured, his 
or her spouse/adult interdependent partner and any dependent relative of 
either while an occupant of any other automobile; provided that
(i)	the insured is an individual or are two spouses/adult interdependent 
partners in a household;
(ii)	such person is not engaged in the business of selling, repairing, 
maintaining, servicing, storing or parking automobiles at the time of the 
accident;
(iii)	such other automobile is not owned or regularly or frequently used by 
the insured or by any person or persons residing in the same dwelling 
premises as the insured;
(iv)	such other automobile is not owned, hired, or leased by an employer of 
the insured or by an employer of any person or persons residing in the 
same dwelling premises as the insured;
(v)	such other automobile is not used for carrying passengers for 
compensation or hire or for commercial delivery;
(c)	in Subsection 1 and 2 of Section B only, any person, not the occupant of an 
automobile  or of railway rolling-stock that runs on rails, who is struck, in 
Canada, by the described automobile or a newly acquired or temporary 
substitute automobile as defined in the policy.
(d)	in Subsection 1 and 2 of Section B only, the named insured, if an individual 
and his or her spouse/adult interdependent partner and any dependent 
relative residing in the same dwelling premises as the named insured, not the 
occupant of an automobile or of railway rolling- stock that runs on rails, 
who is struck by any other automobile; provided that
(i)	such person is not engaged in the business of selling, repairing, 
maintaining, servicing, storing, or parking automobiles at the time of 
the accident;
(ii)	that automobile is not owned or regularly or frequently used by the 
insured or by any person or persons residing in the same dwelling 
premises as the named insured;
(iii)	that automobile is not owned, hired, or leased by an employer of the 
insured or by an employer of any person or persons residing in the same 
dwelling premises as the named insured;
(e)	if the insured is a corporation, unincorporated association, or partnership, or 
a sole proprietorship,  any employee or partner of the insured for whose 
regular use the automobile is furnished, and his or her spouse/adult 
interdependent partner and any dependent relative of either, residing in the 
same dwelling premises as such employee or partner, while an occupant of 
any other automobile; and
(f)	in Subsections 1 and 2 of Section B only, any employee or partner of the 
insured, for whose regular use the automobile is furnished, and his or her 
spouse/adult interdependent partner and any dependent relative of either, 
residing in the same dwelling premises as such employee or partner, while 
not the occupant of an automobile or of railway rolling- stock that runs on 
rails, who is struck by any other  automobile; provided that in respect of (e) 
and (f) above,
(i)	neither such employee nor partner or his or her spouse/adult 
interdependent partner is the owner of an automobile;
(ii)	such person is not engaged in the business of selling, repairing, 
maintaining, servicing, storing, or parking automobiles at the time of 
the accident;
(iii)	such other automobile is not owned or regularly or frequently used by 
the employee or partner, or by any person or persons residing in the 
same dwelling premises as such employee or partner;
(iv)	such other automobile is not owned, hired, or leased by the insured or 
by an employer of any person or persons residing in the same dwelling 
premises as such employee or partner of the insured;
in respect of (e) above only,
(v)	such other automobile is not used for carrying passengers for 
compensation or hire or for commercial delivery.
(1.1)	"Prescribed claim form" Defined - In this section, the words "prescribed claim 
form" mean a form prescribed by the Minister under section 803 of the Insurance 
Act.
(1.2)	"Spouse/adult interdependent partner" Defined - In this section, the words 
"spouse/adult interdependent partner" mean the spouse or adult interdependent 
partner, as the case may be.
(2)	EXCLUSIONS
(a)	The Insurer  shall not be liable under provision (1) of subsection 1 nor under 
Part II of subsection 2 of this section B for bodily injury to any person
(i)	resulting from the suicide of such person or attempt thereat, whether 
sane or insane; or
(ii)	who is entitled to receive the benefits of any workmen's compensation 
law or plan as a result of the accident; or
(iii)	where the person at the time of the accident is engaged in a race or 
speed test; or 
(iv)	caused directly by sickness or disease; or
(v)	who is using the automobile for any illicit or prohibited trade or 
transportation.
(b)	The Insurer  shall not be liable under Part II of subsection 2 of this section B 
for bodily injury
(i)	sustained by any person who is convicted of an offence under section 
253(b) of The Criminal Code (driving with more than 80 milligrams of 
alcohol in 100 millilitres of blood) or under section 253(a) of The 
Criminal Code (driving while ability to drive impaired by alcohol or a 
drug) occurring at the time of the accident, or
(ii)	sustained by any person driving the automobile who is under the age 
prescribed by the law of the jurisdiction in which the accident occurs as 
being the minimum age at which a licence or permit to drive the 
automobile may be issued to him; or
(iii)	sustained by any person driving the automobile who is not for the time  
being either authorized by Law or qualified  to drive the automobile.


(3)	NOTICE AND PROOF OF CLAIM
Subject to the Diagnostic and Treatment Protocols Regulation, the insured person 
or the insured person's agent, or the person otherwise entitled to make a claim or 
that person's agent, shall
(a)	deliver personally,
(b)	mail,
(c)	fax, or
(d)	send by e-mail if both parties have agreed to this method of sending and 
receiving notices and other documents,
a properly completed prescribed claim form, containing at least the information 
referred to in provision (3.1), to the chief agency or head office of the Insurer in 
Alberta within 30 days of the accident, or if giving notice within 30 days is not 
reasonable, as soon as practicable after that.
(3.1)Contents of Claim Form - The completed prescribed claim form must include
(a)	details of the injury, and
(b)	details of the accident that are within the personal knowledge of the insured 
person.
(3.2)Responsibility for Expenses Related to Completion of Claim Form - The 
Insurer shall pay all expenses incurred by or on behalf of the insured person in 
completing the medical report portion of the prescribed claim form.
(3.3)Total Disability Claim - With respect to a total disability claim, the insured 
person shall, if so required by the Insurer, furnish a certificate from a duly 
qualified medical practitioner as to the cause and nature of the accident for which 
the claim is made and as to the duration of the disability caused thereby.
(4)	MEDICAL REPORTS - Subject to provision (4.1), the Insurer has the right 
and the claimant shall afford to a duly qualified medical practitioner named by 
the Insurer an opportunity to examine the person of the insured's person when 
and as often as it reasonably requires while the claim is pending, and also, in the 
case of the death of the insured person, to make an autopsy subject to the law 
relating to autopsies.
(4.1)Exemption - The  Insurer has no right and the claimant is under no obligation 
under provision (4) with respect to
(a)	injuries to which the Diagnostic and Treatment Protocols Regulation applies 
during the period and with respect to any service, diagnostic imaging,  
laboratory  testing, specialized testing, supply, treatment, visit, therapy, 
assessment, making a report or other activity or function authorized under 
that Regulation;
(b)	subject to provision (4.2), any other injuries for which the following services 
are provided:
(i)	chiropractic services;
(ii)	massage therapy services;
(iii)	acupuncture services;
(iv)	the following services to the extent of the specified limit:
(A)	psychological services, up to $600 per person;
(B)	physical therapy services, up to $600 per person;
(C)	occupational therapy services, up to $600 per person.
(4.2)Non-application - Provision (4.1)(b) does not apply to those injuries to which 
the Diagnostic and Treatment Protocols Regulation ceases to apply.
(5)	RELEASE
	Notwithstanding any release provided for under the relevant sections of The 
Insurance Act of the Province, the Insurer may demand, as a condition precedent 
to payment of any amount under Section B of the policy, a release in favour of 
the insured and the Insurer from liability to the extent of such payment from the 
insured person or his personal representative or any other person.
(6)	WHEN MONEYS PAYABLE
(a)	Except for the expenses authorized to be paid in accordance with the 
Diagnostic and Treatment Protocols Regulation, all amounts payable under 
Section B other than benefits under Part II of Subsection 2 shall be paid by 
the Insurer within 60 days after it has received a completed prescribed claim 
form. The initial benefits for loss of time under Part II of Subsection 2 shall 
be paid within 30 days after the Insurer has received the completed 
prescribed claim form, and payments shall be made thereafter within each 
30-day period while the Insurer remains liable for payments if the insured 
person, whenever required to do so, furnishes, prior to payment, proof of 
continuing disability.
(b)	No person shall bring an action to recover the amount of a claim under this 
section unless the requirements of provisions (3) and (4) are complied with, 
nor until the amount of the loss has been ascertained as provided in this 
section.
(c)	Every action or proceeding against the Insurer for the recovery of a claim 
under this section shall be commenced within one year from the date on 
which the cause of action arose and not afterwards.
See also general provisions, definitions, exclusions, and statutory conditions of 
this policy.
SECTION C - LOSS OF OR DAMAGE TO INSURED AUTOMOBILE
The Insurer agrees to indemnify the Insured against direct and accidental loss of or 
damage to the automobile, including its equipment
Subsection 1 - ALL PERILS - from all perils;
Subsection 2 - COLLISION OR UPSET - caused by collision with another 
object or by upset;
Subsection 3 - COMPREHENSIVE - from any peril other than by collision with 
another object or by upset;
The words "another object" as used in this subsection 3 shall be deemed to include (a) 
a vehicle to which the automobile is attached and (b) the surface of the ground and 
any object therein or thereon. Loss or damage caused by missiles, falling or flying 
objects, fire, theft, explosion, earthquake, windstorm, hail, rising water, malicious 
mischief, riot or civil commotion shall be deemed loss or damage caused by perils for 
which insurance is provided under this subsection 3.
Subsection 4 - SPECIFIED PERILS - caused by fire, lightning, theft or attempt 
thereat, windstorm, earthquake, hail, explosion, riot or civil commotion, falling 
or forced landing of aircraft or of parts thereof, rising water, or the stranding, 
sinking, burning, derailment or collision of any conveyance in or upon which the 
automobile is being transported on land or water;
DEDUCTIBLE CLAUSE
Each occurrence causing loss or damage covered under any subsection of section C 
except loss or damage caused by fire or lightning or theft of the entire automobile 
covered by such subsection, shall give rise to a separate claim in respect of which the 
Insurer's liability shall be limited to the amount of loss or damage in excess of the 
amount deductible, if any, stated in the applicable subsection of section C of Item 4 of 
the application.
EXCLUSIONS
The Insurer shall not be liable,
(1)	under any subsection of Section C for loss or damage
(a)	to tires or consisting of or caused by mechanical fracture or breakdown of 
any part of the automobile or by rusting, corrosion, wear and tear, freezing, 
or explosion within the combustion chamber, unless the loss or damage is 
coincident with other loss or damage covered by such subsection or is 
caused by fire, theft or malicious mischief covered by such subsection; or
(b)	caused by the conversion, embezzlement, theft or secretion by any person in 
lawful possession of the automobile under a mortgage, conditional sale, 
lease or other similar written agreement; or
(c)	caused by the voluntary parting with title or ownership, whether or not 
induced to do so by any fraudulent scheme, trick, device or false pretense; or
(d)	caused directly or indirectly by contamination by radioactive material; or
(e)	to contents of trailers or to rugs or robes; or
(f)	to tapes and equipment for use with a tape player or recorder when such 
tapes or equipment are detached therefrom; or
(g)	where the insured drives or operates the automobile
(i)	while under the influence of intoxicating liquor or drugs to such an 
extent as to be for the time being incapable of the proper control of the 
automobile; or
(ii)	while in a condition for which he is convicted of an offence under 
section 253 of the Criminal Code (Canada) or under or in connection 
with circumstances for which he is convicted of an offence under 
section 254 of the Criminal Code (Canada); or
(h)	where the insured permits, suffers, allows or connives at the use of the 
automobile by any person contrary to the provisions of (g);
(2)	under subsections 3 (Comprehensive), 4 (Specified Perils) only, for loss or 
damage caused by theft by any person or persons residing in the same dwelling 
premises as the Insured, or by any employee of the Insured engaged in the 
operation, maintenance or repair of the automobile whether the theft occurs 
during the hours of such service or employment or not.
See also General Provisions, Definitions, Exclusions and Statutory Conditions of 
this Policy
ADDITIONAL AGREEMENTS OF INSURER
(1)	Where loss or damage arises from a peril for which a premium is specified under 
a subsection of this section, the Insurer further agrees:
(a)	to pay general average, salvage and fire department charges and customs 
duties of Canada or of the United States of America for which the Insured is 
legally liable;
(b)	to waive subrogation against every person who, with the insured's consent, 
has care, custody or control of the automobile, provided always that this 
waiver shall not apply to any person (1) having such care, custody or control 
in the course of the business of selling, repairing, maintaining, servicing, 
storing or parking automobiles, or (2) who has (i) committed a breach of any 
condition of this policy or (ii) driven or operated the automobile in the 
circumstances referred to in (i) or (ii) of paragraph (g) of the Exclusions to 
Section C of this policy;
(c)	to indemnify the Insured and any other person who personally drives a 
temporary substitute automobile as defined in the General Provisions of this 
Policy against the liability imposed by law or assumed by the Insured or 
such other person under any contract or agreement for direct and accidental 
physical loss or damage to such automobile and arising from the care, 
custody and control thereof; provided always that:
(i)	such indemnity is subject to the deductible clause and exclusions of 
each such subsection;
(ii)	if the owner of such automobile has or places insurance against any 
peril insured by this section, the indemnity provided herein shall be 
limited to the sum by which the deductible amount, if any, of such other 
insurance exceeds the deductible amount stated in the applicable 
subsection of this Policy;
(iii)	the Additional Agreements under section A of this Policy shall insofar 
as they are applicable, extend to the indemnity provided herein.
(2)	Loss of Use by Theft - Where indemnity is provided under subsections 1, 3 or 4 
of section C hereof the Insurer further agrees, following a theft of the entire 
automobile covered thereby, to reimburse the Insured for expense not exceeding 
$25.00 for any one day nor totalling more than $750.00 incurred for the rental of 
a substitute automobile including taxicabs and public means of transportation.
	Reimbursement is limited to such expense incurred during the period 
commencing seventy-two hours after such theft has been reported to the Insurer 
or the police and terminating, regardless of the expiration of the policy period, 
(a) upon the date of the completion of repairs to or the replacement of the 
property lost or damaged, or (b) upon such earlier date as the Insurer makes or 
tenders settlement for the loss or damage caused by such theft.


GENERAL PROVISIONS, DEFINITIONS AND EXCLUSIONS
1.	TERRITORY
This Policy applies only while the automobile is being operated, used, stored or 
parked within Canada, the United States of America or upon a vessel plying 
between ports of those countries.
2.	OCCUPANT DEFINED
In this Policy the word "occupant" means a person driving, being carried in or 
upon or entering or getting on to or alighting from an automobile.
3.	CONSENT OF OWNER
No person shall be entitled to indemnity or payment under this Policy who is an 
occupant of any automobile which is being used without the consent of the 
owner thereof.
4.	GARAGE PERSONNEL EXCLUDED
No person who is engaged in the business of selling, repairing, maintaining, 
storing, servicing or parking automobiles shall be entitled to indemnity or 
payment under this Policy for any loss, damage, injury or death sustained while 
engaged in the use or operation of or while working upon the automobile in the 
course of that business or while so engaged is an occupant of the described 
automobile or a newly acquired automobile as defined in this Policy, unless the 
person is the owner of such automobile or his employee or partner.
5.	AUTOMOBILE DEFINED
In this Policy except where stated to the contrary the words "the automobile" 
mean:
Under sections A (Third Party Liability), B (Accident Benefits), C (Loss of 
or Damage to Insured Automobile)
(a)	The Described Automobile - an automobile, trailer or semi-trailer 
specifically described in the Policy or within the description of insured 
automobiles set forth therein;
(b)	A Newly Acquired Automobile - an automobile, ownership of which is 
acquired by the insured and, within fourteen days following the date of its 
delivery to him, notified to the Insurer in respect of which the insured has no 
other valid insurance, if either it replaces an automobile described in the 
application or the Insurer insures (in respect of the section or subsection of 
the Insuring Agreements under which claim is made) all automobiles owned 
by the lnsured at such delivery date and in respect of which the Insured pays 
any additional premium required; provided however, that insurance 
hereunder shall not apply if the Insured is engaged in the business of selling 
automobiles;
and under sections A (Third Party Liability) and B (Accident Benefits) only
(c)	A Temporary Substitute Automobile - an automobile not owned by the 
Insured, nor by any person or persons residing in the same dwelling 
premises as the Insured, while temporarily used as the substitute for the 
described automobile which is not in use by any person insured by this 
Policy, because of its breakdown, repair, servicing, loss, destruction or sale;
(d)	Any Automobile of the Private Passenger or Station Wagon type, other than 
the described automobile, while personally driven by the Insured, or by his 
or her spouse if residing in the same dwelling premises as the Insured 
provided that
(i)	the described automobile is of the private passenger or station wagon 
type;
(ii)	the Insured is an individual or are husband and wife;
(iii)	neither the Insured nor his or her spouse is driving such automobile in 
connection with the business of selling, repairing, maintaining, 
servicing, storing or parking automobiles;
(iv)	such other automobile is not owned or regularly or frequently used by 
the Insured or by any person or persons residing in the same dwelling 
premises as the Insured;
(v)	such other automobile is not owned, hired or leased by an employer of 
the Insured or by an employer of any person or persons residing in the 
same dwelling premises as the Insured;
(vi)	such other automobile is not used for carrying passengers for 
compensation or hire or for commercial delivery;
(e)	If the Insured is a corporation, unincorporated association or registered co-
partnership, any automobile of the private passenger or station wagon type, 
other than the described automobile, while personally driven by the 
employee or partner for whose regular use the described automobile is 
furnished, or by his or her spouse if residing in the same dwelling premises 
as such employee or partner, provided that
(i)	neither such employee or partner or his or her spouse is the owner of an 
automobile of the private passenger or station wagon type;
(ii)	the described automobile is of the private passenger or station wagon 
type;
(iii)	neither such employee, partner or spouse is driving the automobile in 
connection with the business of selling, repairing, maintaining, 
servicing, storing or parking automobiles;
(iv)	such other automobile is not owned, hired or leased or regularly or 
frequently used by the Insured or such employee or by any partner of 
the Insured or by any persons residing in the same dwelling premises as 
any of the aforementioned persons;
(v)	such other automobile is not used for carrying passengers for 
compensation or hire or commercial delivery.
(f)	Trailers - any trailer used in connection with the automobile.
6.	TWO OR MORE AUTOMOBILES
(a)	When two or more automobiles are described hereunder (i) with respect to 
the use or operation of such described automobiles, each automobile shall be 
deemed to be insured under a separate policy; (ii) with respect to the use or 
operation of an automobile not owned by the Insured, the limit of the 
Insurer's liability shall not exceed the highest limit applicable to any one 
described automobile;
(b)	When the Insured owns two or more automobiles which are insured as 
described automobiles under two or more automobile insurance policies, the 
limit of the Insurer under this Policy with respect to the use or operation of 
an automobile not owned by the Insured shall not exceed the proportion that 
the highest limit applicable to any one automobile described in this Policy 
bears to the sum of the highest limits applicable under each policy and in no 
event shall exceed such proportion of the highest limit applicable to any one 
automobile under any policy;
(c)	A motor vehicle and one or more trailers or semi-trailers attached thereto 
shall be held to be one automobile with respect to the limit(s) of liability 
under insuring Agreements A and B and separate automobiles with respect 
to the limit(s) of liability, including deductible provisions, under Insuring 
Agreement C.
7.	WAR RISKS EXCLUDED
The Insurer shall not be liable under section B or C of this Policy for any loss, 
damage, injury or death caused directly or indirectly by bombardment, invasion, 
civil war, insurrection, rebellion, revolution, military or usurped power, or by 
operation of armed forces while engaged in hostilities, whether war be declared 
or not.


8.	EXCLUDED USES
Unless coverage is expressly given by an endorsement of this Policy, the insurer 
shall not be liable under this Policy while:
(a)	the automobile is rented or leased to another person, but does not include the 
use by an employee of the employer's automobile in the business of the 
employee's employer for which the employee is paid;
(b)	the automobile is used to carry explosives, or to carry radioactive material 
for research, education, development or industrial purposes, or for purposes 
incidental to those purposes. "Radioactive material" means
(a)	spent nuclear fuel rods that have been exposed to radiation in a nuclear 
reactor,
(b)	radioactive waste material,
(c)	unused enriched nuclear fuel rods, or
(d)	any other radioactive material of such quantity and quality as to be 
harmful to persons or property if its container were destroyed or 
damaged;
(c)	the automobile is used as a taxicab, public omnibus, livery, jitney or 
sightseeing conveyance or for carrying passengers for compensation or hire 
provided that the following uses shall not be deemed to be the carrying of 
passengers for compensation or hire:
(i)	the use by the insured of his automobile for the carriage of another 
person in return for the insured's carriage in the automobile of the other 
person.
(ii)	the occasional and infrequent use by the insured of the automobile for 
the carriage of another person who shares the cost of the trip;
(iii)	the use by the insured of his automobile for the carriage of a temporary 
or permanent domestic servant of the insured or the insured's spouse or 
adult interdependent partner;
(iv)	the occasional and infrequent use by the insured of the automobile for 
the transportation of children to or from activities conducted as part of 
an educational program,
(v)	the use by an insured of the automobile for the carriage of a client or 
customer or prospective client or customer.


9.	LIMITATION OF ACTIONS
Every action or proceeding against an insurer for the recovery of insurance 
money payable under the contract is absolutely barred unless commenced within 
the time set out in the Insurance Act.
STATUTORY CONDITIONS
In these Statutory Conditions, unless the context otherwise requires, "insured" means 
a person insured by the contract whether named in the contract or not.
(i)	Statutory Condition 3 does not apply when the contract does not insure against 
liability for loss or damage to persons and property;
(ii)	Statutory Condition 4 does not apply when the contract does not insure against 
loss of or damage to the automobile.
Material Change in Risk
1.	(1)	The insured named in this contract must promptly notify the insurer or its 
agent in writing, of any change in the risk material to the contract and within 
the insured's knowledge.
(2)	Without restricting the generality of subparagraph (1) of this condition, 
"change in the risk material to the contract" includes
(a)	any change in the insurable interest of the insured named in the contract 
in the automobile by sale, assignment or otherwise, except through 
change of title by succession, death or proceedings under the 
Bankruptcy and Insolvency Act (Canada); and
(b)	in respect to insurance against loss of or damage to the automobile,
(i)	any mortgage, lien or encumbrance affecting the automobile after 
the application for the contract, and
(ii)	any other insurance of the same interest, whether valid or not, 
covering loss or damage insured by the contract or any portion of 
the contract.
Prohibited Use by Insured
2.	(1)	The insured must not drive or operate the automobile
(a)	unless the insured is for the time being either authorized by law or 
qualified to drive or operate the automobile,
(b)	while the insured's licence to drive or operate an automobile is 
suspended or while the insured's right to obtain a licence is suspended 
or while the insured is prohibited under order of any court from driving 
or operating an automobile,
(c)	while the insured is under the age of 16 years or under any other age 
prescribed by the law of the province in which the insured resides at the 
time the contract is made as being the minimum age at which a licence 
or permit to drive an automobile may be issued to the insured,
(d)	for any illicit or prohibited trade or transportation, or
(e)	in any race or speed test.
Prohibited Use by Others
(2)	The insured must not permit or allow the use of the automobile
(a)	by any person
(i)	unless that person is for the time being either authorized by law or 
qualified to drive or operate the automobile, or
(ii)	while that person is under the age of 16 years or under any other 
age prescribed by the law of the province in which the person 
resides at the time the contract is made as being the minimum age 
at which a licence or permit to drive an automobile may be issued 
to the person,
(b)	by any person who is a member of the household of the insured while 
the person's licence to drive or operate an automobile is suspended or 
while the person's right to obtain a licence is suspended or while the 
person is prohibited under order of any court from driving or operating 
an automobile,
(c)	for any illicit or prohibited trade or transportation, or
(d)	in any race or speed test.
Requirements Where Loss or Damage to Persons or Property
3.	(1)	The insured must
(a)	promptly give to the insurer written notice, with all available 
particulars, of any accident involving loss or damage to persons or 
property and of any claim made on account of the accident,
(b)	verify by statutory declaration, if required by the insurer, that the claim 
arose out of the use or operation of the automobile and that the person 
operating or responsible for the operation of the automobile at the time 
of the accident is a person insured under the contract, and
(c)	forward immediately to the insurer every letter, document, advice or 
writ received by the insured from or on behalf of the claimant.
(2)	The insured must not
(a)	voluntarily assume any liability or settle any claim except at the 
insured's own cost, or
(b)	interfere in any negotiations for settlement or in any legal proceeding.
(3)	The insured must, whenever requested by the insurer, aid in securing 
information and evidence and the attendance of any witness, and must co-
operate with the insurer, except in a pecuniary way, in the defence of any 
action or proceeding or in the prosecution of any appeal.
Requirements Where Loss or Damage to the Automobile
4.	(1)	When loss of or damage to the automobile occurs, the insured must, if the 
loss or damage is covered by the contract,
(a)	promptly give notice of the loss or damage in writing to the insurer with 
fullest information obtainable at the time,
(b)	at the expense of the insurer, and as far as reasonably possible, protect 
the automobile from further loss or damage, and
(c)	deliver to the insurer within 90 days after the date of the loss or damage 
a statutory declaration stating, to the best of the insured's knowledge 
and belief, the place, time, cause and amount of the loss or damage, the 
interest of the insured and of all others in the automobile, the 
encumbrances on the automobile, all other insurance, whether valid or 
not, covering the automobile and that the loss or damage did not occur 
through any wilful act or neglect, procurement, means or connivance of 
the insured.
(2)	Any further loss or damage accruing to the automobile directly or indirectly 
from a failure to protect it as required under subparagraph (1) of this 
condition is not recoverable under the contract.
(3)	No repairs, other than those that are immediately necessary for the 
protection of the automobile from further loss or damage, may be 
undertaken and no physical evidence of the loss or damage may be removed
(a)	without the written consent of the insurer, or
(b)	until the insurer had a reasonable opportunity to make the inspection for 
which provision is made in Statutory Condition 5.


Examination of Insured
(4)	The insured must submit to examination under oath and must produce for 
examination at any reasonable place and time designated by the insurer or its 
representative all documents in the insured's possession or control that 
relate to the matters in question, and the insured must permit extracts and 
copies of the documents to be made.
Insurer Liable for Cash Value of Automobile
(5)	The insurer is not liable for more than the actual cash value of the 
automobile at the time any loss or damage occurs, and the loss or damage 
must be ascertained or estimated according to that actual cash value with 
proper deductions for depreciation, however caused, and must not exceed 
the amount that it would cost to repair or replace the automobile, or any part 
of the automobile, with material of similar kind and quality, but if any part 
of the automobile is obsolete and unavailable, the liability of the insurer in 
respect of the automobile is limited to the value of that part at the time of 
loss or damage, not exceeding the maker's latest list price.
Repair or Replacement
(6)	Except where a dispute resolution process has been initiated, the insurer, 
instead of making payment, may, within a reasonable time, repair, rebuild or 
replace the property damaged or lost with other of similar kind and quality 
if, within 7 days after the receipt of the proof of loss, it gives written notice 
of its intention to do so.
No Abandonment, Salvage
(7)	There must be no abandonment of the automobile to the insurer without the 
insurer's consent.
(8)	If the insurer exercises the option to replace the automobile or pays the 
actual cash value of the automobile, the salvage, if any, vests in the insurer.
In Case of Disagreement
(9)	In the event of disagreement as to the nature and extent of the repairs and 
replacements required, or as to their adequacy, if effected, or as to the 
amount of the loss or damage, those questions must be determined by a 
dispute resolution process as provided under the Insurance Act before there 
can be recovery under the contract, whether the right to recover under the 
contract is disputed or not, and independently of all other questions.
(10)	There is no right to a dispute resolution process until
(a)	a specific demand for it is made in writing, and
(b)	the proof of loss has been delivered.
Inspection of Automobile
5.	The insured must permit the insurer at all reasonable times to inspect the 
automobile and its equipment.
Time and Manner of Payment of Insurance Money
6.	(1)	The insurer must pay the insurance money for which it is liable under the 
contract within 60 days after the proof of loss has been received by it or, 
where a dispute resolution process is conducted under Statutory Condition 
4(9), within 15 days after the decision is rendered.
When Action May Be Brought
(2)	The insured may not bring an action to recover the amount of a claim under 
the contract unless the requirements of Statutory Conditions 3 and 4 are 
complied  with or until the amount of the loss has been ascertained as 
provided for under Statutory Conditions 3 and 4 or by a judgment against 
the insured after trial of the issue, or by agreement between the parties with 
the written consent of the insurer.
Who May Give Notice and Proofs of Claim
7.	Notice of claim may be given and proofs of claim may be made by the agent of 
the insured named in this contract in the case of absence or inability of the 
insured to give the notice or make the proof, such absence or inability being 
satisfactorily accounted for or, in the like case or if the insured refuses to do so, 
by a person to whom any part of the insurance money is payable.
Termination
8.	(1)	The contract may be terminated
(a)	by the insurer giving to the insured 15 days' notice of termination by 
registered mail or 5 days' written notice of termination personally 
delivered, or
(b)	by the insured at any time on request.
(2)	If the contract is terminated by the insurer,
(a)	the insurer must refund the excess of premium actually paid by the 
insured over the prorated premium for the expired time, but in no event, 
may the prorated premium for the expired time be less than any 
minimum retained premium specified, and
(b)	the refund must accompany the notice unless the premium is subject to 
adjustment or determination as to the amount, in which case the refund 
must be made as soon as practicable.
(3)	If the contract is terminated by the insured, the insurer must refund as soon 
as practicable the excess of premium actually paid by the insured over the 
short rate premium for the expired time, but in no event may the short rate 
premium for the expired time be deemed to be less than any minimum 
retained premium specified.
(4)	The 15-day referred to in subparagraph 1(a) of this condition starts to run on 
the day the registered letter or notification of it is delivered to the insured's 
postal address.
Notice
9.	(1)	Any written notice to the insurer may be delivered  at, or sent by registered 
mail to, the chief agency or head office of the insurer in the province.
(2)	Written notice may be given to the insured named in the contract by letter 
personally delivered to the insured or by registered mail addressed to the 
insured at the insured's latest postal address as notified to the insurer.
(3)	In this condition, "registered" means registered in or outside Canada.
Infrastructure
Hosting Expenses Exceeding $600.00 
For the period October 1, 2011 to December 31, 2011
Name: Meeting with EFB Consultants and Sub-Consultants 
Date(s): October 4 and November 17, 2011 
Amount: $3,193.08 
Purpose: Session for the Federal Building 
Location: Edmonton, Alberta
Name: Design Development Meeting 
Date(s): November 8, 9, 22 & 23, 2011 
Amount: $2,988.34 
Purpose: Design Development, to discuss details with the users, this will include site 
layout, room layouts, interrelation of various furniture and equipments, site 
landscaping and interior courtyard landscaping concepts.  Those attending will be 
from Alberta Health Services, Stantec Consultants, and Alberta Infrastructure 
Location: High Prairie, Alberta
Sale or Disposition of Land
(Government Organization Act)
Name of Purchaser:  G3 Development Services Inc. 
Consideration:  $5,001,000.00 
Land Description:  Plan 7921758, Block 1, Lot 2.  Containing 19.9 Hectares (49.19 
Acres) more or less.  Excepting thereout all mines and minerals.  Located in the City 
of Red Deer
_______________
Name of Purchaser:  Tricycle Lane Ranches Ltd. 
Consideration:  $70,010.00 
Land Description:  Plan 8222372, Stock Pile Site.  Containing 6.04 Hectares (14.93 
Acres) more or less.  Excepting thereout all mines and minerals.  Located in Leduc 
County
Safety Codes Council
Agency Accreditation - Cancellation
Pursuant to section 30 of the Safety Codes Act it is hereby ordered that
Alberta Elevator Inspection Services Ltd, Accreditation No. A000284, Order No. 
1104
Is to cease services under the Safety Codes Act for Elevators
		Issued Date: February 28, 2012.
_______________
Corporate Accreditation - Cancellation
(Safety Codes Act)
Pursuant to section 28 of the Safety Codes Act it is hereby ordered that
Gulf Chemical & Metallurgical Canada Corporation, Accreditation No. C000155, 
Order No. 0737
Is to cease administration under the Safety Codes Act within its jurisdiction for 
Electrical
Consisting of all parts of the Canadian Electrical Code, Code for Electrical 
Installations at Oil & Gas Facilities.
		Issued Date: February 28, 2012.


Pursuant to section 28 of the Safety Codes Act it is hereby ordered that
Hinton Pulp (A Division of West Fraser Mills Ltd), Accreditation No. C000178, 
Order No. 956
Is to cease administration under the Safety Codes Act within its jurisdiction for 
Plumbing
Consisting of all parts of the National Plumbing Code and Alberta Private Sewage 
Systems Standard of Practice including applicable Alberta amendments and 
regulations.
		Issued Date: March 5, 2012.
Alberta Securities Commission
MULTILATERAL INSTRUMENT 11-102 PASSPORT SYSTEM
AMENDING INSTRUMENT
(Securities Act)
Made as a rule by the Alberta Securities Commission on January 11, 2012 pursuant to 
sections 223 and 224 of the Securities Act.
AMENDMENTS TO 
MULTILATERAL INSTRUMENT 11-102 
PASSPORT SYSTEM
1.	Multilateral Instrument 11-102 Passport System is amended by this 
Instrument.
2.	This Instrument is amended by adding the following Part:
PART 4B APPLICATION TO BECOME A DESIGNATED RATING 
ORGANIZATION
4B.1	Specified jurisdiction
For the purposes of this Part, the specified jurisdictions are British Columbia, Alberta, 
Saskatchewan, Manitoba, Ontario, Qu‚bec, Nova Scotia and New Brunswick. 
4B.2	Principal regulator - general
Subject to sections 4B.3 to 4B.5, the principal regulator for an application by a credit 
rating organization to become a designated rating organization is
(a) the securities regulatory authority or regulator of the jurisdiction in which the head 
office of the credit rating organization is located,
(b) if the head office for a credit rating organization is not in a jurisdiction of Canada, 
the securities regulatory authority or regulator of the jurisdiction in which the largest 
branch office of the credit rating organization is located, or
(c) if neither the head office or a branch office of the credit rating organization is 
located in a jurisdiction of Canada, the securities regulatory authority or regulator of 
the jurisdiction with which the credit rating organization has the most significant 
connection.
4B.3	Principal regulator - head office not in a specified jurisdiction
Subject to section 4B.5, if the jurisdiction identified under section 4B.2 is not a 
specified jurisdiction, the principal regulator for the application is the securities 
regulatory authority or regulator of the specified jurisdiction with which the credit 
rating organization has the most significant connection.  
4B.4	Principal regulator - designation not sought in principal jurisdiction
Subject to section 4B.5 if a credit rating organization is not seeking to become a 
designated rating organization in the jurisdiction of the principal regulator, as 
determined under section 4B.2 or 4B.3, as applicable, the principal regulator for the 
designation is the securities regulatory authority or regulator in the specified 
jurisdiction
(a)	in which the credit rating organization is seeking the designation, and
(b)	with which the credit rating organization has the most significant connection. 
4B.5	Discretionary change of principal regulator for application for designation
If a credit rating organization receives written notice from a securities regulatory 
authority or regulator that specifies a principal regulator for the credit rating 
organization's application, the securities regulatory authority or regulator specified in 
the notice is the principal regulator for the designation.
4B.6	Deemed designation of a credit rating organization
(1) If an application to become a designated rating organization is made by a credit 
rating organization in the principal jurisdiction, the credit rating organization is 
deemed to be a designated rating organization in a local jurisdiction if
(a)	the local jurisdiction is not the principal jurisdiction for the application,
(b)	the principal regulator for the application designated the credit rating 
organization and that designation is in effect,
(c)	the credit rating organization that applied to be designated gives notice 
to the securities regulatory authority or regulator that this subsection is 
intended to be relied upon for the designation in the local jurisdiction, 
and
(d)	the credit rating organization complies with any terms, conditions, 
restrictions or requirements imposed by the principal regulator as if they 
were imposed in the local jurisdiction.
(2) For the purpose of paragraph (1)(c), the credit rating organization may give the 
notice referred to in that paragraph by giving it to the principal regulator..
3. Appendix D is amended by adding, in the format indicated by the shaded area, 
the following row, that commences with "Designated rating organizations", after 
the row that commences with "Institutional trade matching and settlement":
Provision
BC
AB
SK
MB
Que
NS
NB
PEI
NL
YK
NWT
Nun
ON
Designated 
rating 
organizations
NI 25-101
4. This Instrument comes into force on April 20, 2012.
NATIONAL INSTRUMENT 25-101
DESIGNATED RATING ORGANIZATIONS
(Securities Act)
Made as a rule by the Alberta Securities Commission on January 11, 2012 pursuant to 
sections 223 and 224 of the Securities Act.
NATIONAL INSTRUMENT 25-101 
DESIGNATED RATING ORGANIZATIONS
PART 1 - DEFINITIONS AND INTERPRETATION
Definitions 
1.	In this Instrument
"board of directors" means, in the case of a designated rating organization that 
does not have a board of directors, a group that acts in a capacity similar to a 
board of directors;
"code of conduct" means the code of conduct referred to in Part 4 of this 
Instrument and may include, for greater certainty, one or more codes;
"compliance officer" means the compliance officer referred to in section 12;
"designated rating organization" means a credit rating organization that has 
been designated under securities legislation;
"DRO affiliate" means an affiliate of a designated rating organization that 
issues credit ratings in a foreign jurisdiction and that has been designated as a 
DRO affiliate under the terms of the designated rating organizations' 
designation;
"DRO employee" means an individual, other than an employee or agent of a 
DRO affiliate, who is 
(a)	employed by a designated rating organization, or
(b)	an agent who provides services directly to the designated rating 
organization and who is involved in determining, approving or 
monitoring a credit rating issued by the designated rating 
organization;
"Form NRSRO" means the annual certification on Form NRSRO, including 
exhibits, required to be filed by an NRSRO under the 1934 Act;
"NRSRO" means a nationally recognized statistical rating organization, as 
defined in the 1934 Act;
"rated entity" means a person or company that is issuing, or that has issued, 
securities that are the subject of a credit rating issued by a designated rating 
organization and includes a person or company that made a submission to a 
designated rating organization for the designated rating organization's initial 
review or for a preliminary rating but did not request a final rating;
"rated securities" means the securities issued by a rated entity that are the 
subject of a credit rating issued by a designated rating organization; 
"ratings employee" means any DRO employee who participates in 
determining, approving or monitoring a credit rating issued by the designated 
rating organization; 
"related entity" means in relation to an issuer of a securitized product, an 
originator, arranger, underwriter, servicer or sponsor of the securitized product 
or any person or company performing similar functions;
"securitized product" means any of the following:
(a)	a security that entitles the security holder to receive payments that 
primarily depend on the cash flow from self-liquidating financial 
assets collateralizing the security, such as loans, leases, 
mortgages, and secured or unsecured receivables, including:
(i)	an asset-backed security;
(ii)	a collateralized mortgage obligation;
(iii)	a collateralized debt obligation;
(iv)	a collateralized bond obligation;
(v)	a collateralized debt obligation of asset-backed securities; 
(vi)	a collateralized debt obligation of collateralized debt 
obligations;
(b)	a security that entitles the security holder to receive payments that 
substantially reference or replicate the payments made on one or 
more securities of the type described in paragraph (a) but that do 
not primarily depend on the cash flow from self-liquidating 
financial assets that collateralize the security, including:
(i)	a synthetic asset-backed security;
(ii)	a synthetic collateralized mortgage obligation;
(iii)	a synthetic collateralized debt obligation;
(iv)	a synthetic collateralized bond obligation;
(vi)	a synthetic collateralized debt obligation of asset-backed 
securities;
(vii)	a synthetic collateralized debt obligation of collateralized 
debt obligations.
Interpretation 
2.	Nothing in this Instrument is to be interpreted as regulating the content of a 
credit rating or the methodology a credit rating organization uses to determine 
a credit rating.
Affiliate 
3.	(1)	In this Instrument, a person or company is an affiliate of another person 
or company if either of the following apply:
(a)	one of them is the subsidiary of the other;
(b)	each of them is controlled by the same person or company.
(2)	For the purposes of paragraph (1)(b), a person or company (first person) 
is considered to control another person or company (second person) if 
any of the following apply:
(a)	the first person beneficially owns, or controls or directs, directly 
or indirectly, securities of the second person carrying votes which, 
if exercised, would entitle the first person to elect a majority of 
the directors of the second person, unless that first person holds 
the voting securities only to secure an obligation;
(b)	the second person is a partnership, other than a limited 
partnership, and the first person holds more than 50% of the 
interests of the partnership;
(c)	the second person is a limited partnership and the general partner 
of the limited partnership is the first person.
Credit rating 
4.	In British Columbia, credit rating means an assessment that is publicly 
disclosed or distributed by subscription concerning the creditworthiness of an 
issuer,
(a)	as an entity, or
(b)	with respect to specific securities or a specific pool of securities or 
assets.
Market participant in Ontario 
5.	In Ontario, a DRO affiliate is deemed to be a market participant.
PART 2 - DESIGNATION OF RATING ORGANIZATIONS
Application for designation 
6.	(1)	A credit rating organization that applies to be a designated rating 
organization must file a completed Form 25-101F1. 
(2)	Despite subsection (1), a credit rating organization that is an NRSRO 
may file its most recent Form NRSRO.
(3)	A credit rating organization that applies to be a designated rating 
organization that is incorporated or organized under the laws of a foreign 
jurisdiction and does not have an office in Canada must file a completed 
Form 25-101F2.
(4)	Any person or company that will be a DRO affiliate upon the 
designation of a credit rating agency that does not have an office in 
Canada must file a completed Form 25-101F2.


PART 3 - BOARD OF DIRECTORS
Board of directors 
7.	A designated rating organization must not issue a credit rating unless it, or a 
DRO affiliate that is a parent of the designated rating organization, has a board 
of directors.
Composition 
8.	(1)	For the purposes of section 7, a board of directors of a designated rating 
organization, or the board of directors of the DRO affiliate that is a 
parent of the designated rating organization, as the case may be, must be 
composed of a minimum of three members.
(2)	At least one-half, but not fewer than two, of the members of the board of 
directors must be independent of the organization and any DRO affiliate.
(3)	For the purposes of subsection (2), a member of the board of directors is 
not considered independent if the director
(a)	other than in his or her capacity as a member of the board of 
directors or a board committee, accepts any consulting, advisory 
or other compensatory fee from the designated rating organization 
or a DRO affiliate;
(b)	is a DRO employee or an employee or agent of a DRO affiliate; 
(c)	has a relationship with the designated rating organization that 
could, in the opinion of the board of directors, be reasonably 
expected to interfere with the exercise of a director's independent 
judgment; or
(d)	has served on the board of directors for more than five years in 
total.
(4)	For the purposes of paragraph 3(c), in forming its opinion, the 
board of directors is not required to conclude that a member is not 
independent solely on the basis that the member is, or was, a user 
of the designated rating organization's rating services. 
PART 4 ? CODE OF CONDUCT
Code of conduct 
9.	(1)	A designated rating organization must establish, maintain and comply 
with a code of conduct. 
(2)	A designated rating organization's code of conduct must incorporate 
each of the provisions set out in Appendix A.
Filing and publication 
10.	(1)	A designated rating organization must file a copy of its code of conduct 
and post a copy of it prominently on its website promptly upon 
designation. 
(2)	Each time an amendment is made to a code of conduct by a designated 
rating organization, the amended code of conduct must be filed, and 
prominently posted on the organization's website, within five business 
days of the amendment coming into effect.
Waivers 
11.	A designated rating organization's code of conduct must specify that a 
designated rating organization must not waive provisions of its code of 
conduct.  
PART 5  ? COMPLIANCE OFFICER
Compliance officer 
12.	(1)	A designated rating organization must not issue a credit rating unless it, 
or a DRO affiliate that is a parent of the designated rating organization, 
has a compliance officer that monitors and assesses compliance by the 
designated rating organization and its DRO employees with the 
organization's code of conduct and with securities legislation.  
(2)	The compliance officer must regularly report on his or her activities 
directly to the board of directors.  
(3)	The compliance officer must report to the board of directors as soon as 
reasonably possible if the compliance officer becomes aware of any 
circumstances indicating that the designated rating organization or its 
DRO employees may be in non-compliance with the organization's code 
of conduct or securities legislation and any of the following apply:
(a)	the non-compliance would reasonably be expected to create a 
significant risk of harm to a rated entity or the rated entity's 
investors;
(b)	the non-compliance would reasonably be expected to create a 
significant risk of harm to the capital markets;
(c)	the non-compliance is part of a pattern of non-compliance.
(4)	The compliance officer must not, while serving in such capacity, 
participate in any of the following:
(a)	the development of credit ratings, methodologies or models;
(b)	the establishment of compensation levels, other than for DRO 
employees reporting directly to the compliance officer.
(5)	The compensation of the compliance officer and of any DRO employee 
that reports directly to the compliance officer must not be linked to the 
financial performance of the designated rating organization or its DRO 
affiliates and must be determined in a manner that preserves the 
independence of the compliance officer's judgment.
PART 6  ? BOOKS AND RECORDS
Books and records 
13.	(1)	A designated rating organization must keep such books and records and 
other documents as are necessary to account for the conduct of its credit 
rating activities, its business transactions and financial affairs and must 
keep such other books, records and documents as may otherwise be 
required under securities legislation.  
(2)	A designated rating organization must retain the books and records 
maintained under this section 
(a)	for a period of seven years from the date the record was made or 
received, whichever is later;
(b)	in a safe location and a durable form; and
(c)	in a manner that permits it to be provided promptly to the 
securities regulatory authority upon request.
Part 7 ? FILING REQUIREMENTS
Filing requirements 
14.	(1)	No later than 90 days after the end of its most recently completed 
financial year, each designated rating organization must file a completed 
Form 25-101F1.
(2)	Upon any of the information in a Form 25-101F1 filed by a designated 
rating organization becoming materially inaccurate, the designated 
rating organization must promptly file an amendment to, or an amended 
and restated version of, its Form 25-101F1.
(3)	Until six years after it has ceased to be a designated rating organization 
in any jurisdiction of Canada, a designated rating organization must file 
a completed amended Form 25-101F2 at least 30 days before
(a)	the termination date of Form 25-101F2, or
(b)	the effective date of any changes to Form 25-101F2.
(4)	Until six years after it has ceased to be a DRO affiliate in any 
jurisdiction of Canada, a DRO affiliate must file a completed amended 
Form 25-101F2 at least 30 days before
(a)	the termination date of Form 25-101F2, or
(b)	the effective date of any changes to Form 25-101F2.
PART 8 ? EXEMPTIONS AND EFFECTIVE DATE
Exemptions 
15.	(1)	The regulator or the securities regulatory authority may grant an 
exemption from the provisions of this Instrument, in whole or in part, 
subject to such conditions or restrictions as may be imposed in the 
exemption.
(2)	Despite subsection (1), in Ontario, only the regulator may grant an 
exemption.
(3)	Except in Ontario, an exemption referred to in subsection (1) is granted 
under the statute referred to in Appendix B of National Instrument 14-
101 Definitions opposite the name of the local jurisdiction.
Effective date 
16. 	This Instrument comes into force on April 20, 2012.


APPENDIX A TO NATIONAL INSTRUMENT 25-101 
DESIGNATED RATING ORGANIZATIONS  - PROVISIONS REQUIRED TO BE INCLUDED IN 
A DESIGNATED RATING ORGANIZATION'S CODE OF CONDUCT
1.	INTERPRETATION
1.1  A term used in this code of conduct has the same meaning as in National 
Instrument 25-101 Designated Rating Organizations if used in that Instrument.
2.	QUALITY AND INTEGRITY OF THE RATING PROCESS
A.	Quality of the Rating Process
I - General Requirements
2.1  A designated rating organization must adopt, implement and enforce procedures 
in its code of conduct to ensure that the credit ratings it issues are based on a thorough 
analysis of all information known to the designated rating organization that is relevant 
to its analysis according to its rating methodologies.
2.2  A designated rating organization must include a provision in its code of conduct 
that it will use only rating methodologies that are rigorous, systematic, continuous and 
subject to validation based on experience, including back-testing.
II - Specific Provisions
2.3  Each ratings employee involved in the preparation, review or issuance of a credit 
rating, action or report must use methodologies established by the designated rating 
organization. Each ratings employee must apply a given methodology in a consistent 
manner, as determined by the designated rating organization.
2.4  A credit rating must be assigned by the designated rating organization and not by 
an employee or agent of the designated rating organization. 
2.5  A credit rating must reflect all information known, and believed to be relevant, to 
the designated rating organization, consistent with its published methodology. The 
designated rating organization will ensure that its ratings employees and agents have 
appropriate knowledge and experience for the duties assigned.
2.6  The designated rating organization, its ratings employees and its agents must take 
all reasonable steps to avoid issuing a credit rating, action or report that is false or 
misleading as to the general creditworthiness of a rated entity or rated securities.
2.7  The designated rating organization will ensure that it has and devotes sufficient 
resources to carry out high-quality credit assessments of all rated entities and rated 
securities. When deciding whether to rate or continue rating an entity or securities, the 
organization will assess whether it is able to devote sufficient personnel with 
sufficient skill sets to make a credible rating assessment, and whether its personnel 
are likely to have access to sufficient information needed in order make such an 
assessment. A designated rating organization will adopt all necessary measures so that 
the information it uses in assigning a rating is of sufficient quality to support a 
credible rating and is obtained from a source that a reasonable person would consider 
to be reliable. 
2.8  The designated rating organization will appoint a senior manager, or establish a 
committee made up of one or more senior managers, with appropriate experience to 
review the feasibility of providing a credit rating for a structure that is significantly 
different from the structures the designated rating organization currently rates.
2.9  The designated rating organization will assess whether the methodologies and 
models used for determining credit ratings of a securitized product are appropriate 
when the risk characteristics of the assets underlying the securitized product change 
significantly. If the quality of the available information is not satisfactory or if the 
complexity of a new type of structure, instrument or security should reasonably raise 
concerns about whether the designated rating organization can provide a credible 
rating, the designated rating organization will not issue or maintain a credit rating. 
2.10  The designated rating organization will ensure continuity and regularity, and 
avoid conflicts of interest, in the rating process.
B.	Monitoring and Updating
2.11  The designated rating organization will establish a committee to be responsible 
for implementing a rigorous and formal process for reviewing, on at least an annual 
basis, and making changes to the methodologies, models and key ratings assumptions 
it uses. This review will include consideration of the appropriateness of the 
designated rating organization's methodologies, models and key ratings assumptions 
if they are used or intended to be applied to new types of structures, instruments or 
securities. This process will be conducted independently of the business lines that are 
responsible for credit rating activities. The committee will report to its board of 
directors or the board of directors of a DRO affiliate that is a parent of the designated 
rating organization. 
2.12  If a methodology, model or key ratings assumption used in a credit rating 
activity is changed, the designated rating organization will do each of the following:
(a)	promptly identify each credit rating likely to be affected if the credit 
rating were to be re-rated using the new methodology, model or key 
ratings assumption and, using the same means of communication the 
organization generally uses for the credit ratings, disclose the scope of 
credit ratings likely to be affected by the change in methodology, model 
or key ratings assumption;
(b)	promptly place each credit rating identified under subsection (a) under 
surveillance;
(c)	within six months of the change, review each credit rating identified 
under subsection (a) with respect to its accuracy; 
(d)	re-rate a credit rating if, following the review required in subsection (c), 
the change, alone or combined with all other changes, affects the 
accuracy of the credit rating.
2.13  The designated rating organization will ensure that adequate personnel and 
financial resources are allocated to monitoring and updating its credit ratings. Except 
for ratings that clearly indicate they do not entail ongoing monitoring, once a rating is 
published the designated rating organization will monitor the rated entity's 
creditworthiness on an ongoing basis and, at least annually, update the rating. In 
addition, the designated rating organization must initiate a review of the accuracy of a 
rating upon becoming aware of any information that might reasonably be expected to 
result in a rating action (including termination of a rating), consistent with the 
applicable rating methodology and must promptly update the rating, as appropriate, 
based on the results of such review.
Subsequent monitoring will incorporate all cumulative experience obtained. 
2.14  If the designated rating organization uses separate analytical teams for 
determining initial ratings and for subsequent monitoring, the organization will ensure 
each team has the requisite level of expertise and resources to perform their respective 
functions competently and in a timely manner. 
2.15  If the designated rating organization discloses a credit rating to the public and 
subsequently discontinues the rating, the designated rating organization will disclose 
that the rating has been discontinued using the same means of communication as was 
used for the disclosure of the rating. If the designated rating organization discloses a 
rating only to its subscribers, if it discontinues the rating, the designated rating 
organization will disclose to each subscriber of that rating that the rating has been 
discontinued. In both cases, a subsequent publication by the designated rating 
organization of the discontinued rating will indicate the date the rating was last 
updated and disclose that the rating is no longer being updated and the reasons for the 
decision to discontinue the rating.
C.	Integrity of the Rating Process
2.16  The designated rating organization, its ratings employees and agents will 
comply with all applicable laws and regulations governing its activities.
2.17  The designated rating organization, its ratings employees and agents must deal 
fairly, honestly and in good faith with rated entities, investors, other market 
participants, and the public.
2.18  The designated rating organization will hold its ratings employees and agents to 
a high standard of integrity, and the designated rating organization will not employ an 
individual which a reasonable person would consider to be lacking in or have 
compromised integrity.
2.19  The designated rating organization and its ratings employees and agents will 
not, either implicitly or explicitly, give any assurance or guarantee of a particular 
rating prior to a rating assessment. The designated rating organization may develop 
prospective assessments if the assessment is to be used in a securitized product or  
similar transaction.
2.20   A person or company listed below must not make a recommendation to a rated 
entity about the corporate or legal structure, assets, liabilities, or activities of the rated 
entity: 
(a)	a designated rating organization;
(b)	an affiliate or related entity of the designated rating organization;
(c)	the ratings employees of any of the above.
2.21  The designated rating organization will instruct its employees and agents that, 
upon becoming aware that the organization, another employee or an affiliate, or an 
employee of an affiliate of  the designated rating organization, is or has engaged in 
conduct that is illegal, unethical or contrary to the designated rating organization's 
code of conduct, the employee or agent must report that information immediately to 
the compliance officer. Upon receiving the information, the compliance officer will 
take appropriate action, as determined by the laws and regulations of the jurisdiction 
and the rules and guidelines set forth by the designated rating organization. The 
designated rating organization will not take or allow retaliation against the employee 
or agent by employees, agents, the designated rating organization itself or its 
affiliates.
D.	Governance Requirements
2.22  The designated rating organization will not issue a credit rating unless a 
majority of its board of directors, or the board of directors of a DRO affiliate that is a 
parent of the designated rating organization, including its independent directors, have, 
what a reasonable person would consider, sufficient expertise in financial services to 
fully understand and properly oversee the business activities of the designated rating 
organization. If the designated rating organization issues a credit rating for a 
securitized product, at least one independent member and one other member must 
have, what a reasonable person would consider to be, in-depth knowledge and 
experience at a senior level, regarding the securitized product. 
2.23  The designated rating organization will not issue a credit rating if a member of 
its board of directors, or the board of directors of a DRO affiliate that is a parent of 
the designated rating organization, participated in any deliberation involving a 
specific rating in which the member has a financial interest in the outcome of the 
rating.
2.24  The designated rating organization will not compensate an independent member 
of its board of directors, or the board of directors of a DRO affiliate that is a parent of 
the designated rating organization, in a manner or in an amount that a reasonable 
person could conclude that the compensation is linked to the business performance of 
the designated rating organization or its affiliates. The organization will only 
compensate directors in a manner that preserves the independence of the director. 
2.25  The board of directors of a designated rating organization or a DRO affiliate that 
is a parent of the designated rating organization must monitor the following:
(a)	the development of the credit rating policy and of the methodologies 
used by the designated rating organization in its credit rating activities;
(b)	the effectiveness of any internal quality control system of the designated 
rating organization in relation to credit rating activities;
(c)	the effectiveness of measures and procedures instituted to ensure that 
any conflicts of interest are identified and either eliminated or managed 
and disclosed, as appropriate;
(d)	the compliance and governance processes, including the performance of 
the committee identified in section 2.11.
2.26  The designated rating organization will design reasonable administrative and 
accounting procedures, internal control mechanisms, procedures for risk assessment, 
and control and safeguard arrangements for information processing systems. The 
designated rating organization will implement and maintain decision-making 
procedures and organizational structures that clearly, and in a documented manner, 
specify reporting lines and allocate functions and responsibilities.
2.27  The designated rating organization will monitor and evaluate the adequacy and 
effectiveness of its administrative and accounting procedures, internal control 
mechanisms, procedures for risk assessment, and control and safeguard arrangements 
for information processing systems, established in accordance with securities 
legislation and the designated rating organization's code of conduct, and take any 
measures necessary to address any deficiencies.
2.28  The designated rating organization will not outsource activities if doing so 
impairs materially the effectiveness of the designated rating organization's internal 
controls or the ability of the securities regulatory authority to conduct compliance 
reviews of the designated rating organization's compliance with securities legislation 
or its code of conduct. The designated rating organization will not outsource the 
functions or duties of the designated rating organization's compliance officer.
3.	INDEPENDENCE AND CONFLICTS OF INTEREST
A.	General
3.1  The designated rating organization will not refrain from taking a rating action 
based in whole or in part on the potential effect (economic or otherwise) of the action 
on the designated rating organization, a rated entity, an investor, or other market 
participant.
3.2  The designated rating organization and its employees will use care and 
professional judgment to remain independent and maintain the appearance of 
independence and objectivity.
3.3  The determination of a credit rating will be influenced only by factors relevant to 
the credit assessment.
3.4  The designated rating organization will not allow its decision to assign a credit 
rating to a rated entity or rated securities to be affected by the existence of, or 
potential for, a business relationship between the designated rating organization or its 
affiliates and any other person or company including, for greater certainty, the rated 
entity, its affiliates or related entities.
3.5  The designated rating organization and its affiliates will keep separate, 
operationally and legally, their credit rating business and their rating employees from 
any ancillary services (including the provision of consultancy or advisory services) 
that may present conflicts of interest with their credit rating activities and will ensure 
that the provision of such services does not present conflicts of interest with their 
credit rating activities. The designated rating organization will define and publicly 
disclose what it considers, and does not consider, to be an ancillary service and 
identify those that are ancillary services. The designated rating organization will 
disclose in each ratings report any ancillary services provided to a rated entity, its 
affiliates or related entities. 
3.6  The designated rating organization will not rate a person or company that is an 
affiliate or associate of the organization or a ratings employee. The designated rating 
organization must not assign a credit rating to a person or company if a ratings 
employee is an officer or director of the person or company, its affiliates or related 
entities.
B.	Procedures and Policies
3.7  The designated rating organization will identify and eliminate or manage and 
publicly disclose any actual or potential conflicts of interest that may influence the 
opinions and analyses of ratings employees. 
3.8  The designated rating organization will disclose the actual or potential conflicts 
of interest it identifies under section 3.7 in a complete, timely, clear, concise, specific 
and prominent manner. 
3.9  The designated rating organization will disclose the general nature of its 
compensation arrangements with rated entities.
(1)	If the designated rating organization or an affiliate receives from a rated 
entity, an affiliate or a related entity compensation unrelated to its 
ratings service, such as compensation for ancillary services (as referred 
to in section 3.5), the designated rating organization will disclose the 
percentage that non-rating fees represent out of the total amount of fees 
received by the designated rating organization or its affiliate, as the case 
may be, from the rated entity, the affiliate or the related entity.
(2)	If the designated rating organization or its affiliates receives directly or 
indirectly 10 percent or more of its annual revenue from a particular 
rated entity or subscriber, including revenue received from an affiliate or 
related entity of the rated entity or subscriber, the organization will 
disclose that fact and identify the particular rated entity or subscriber.
3.10  A designated rating organization and its DRO employees and their associates 
must not trade a security, derivative or exchange contract if the organization's 
employee's or associate's interests in the trade conflict with their interests relating to 
a credit rating. 
3.11  If a designated rating organization is subject to the oversight of a rated entity, or 
an affiliate or related entity of the rated entity, the designated rating organization will 
use different DRO employees to conduct the rating actions in respect of that entity 
than those involved in the oversight.
C.	Employee Independence
3.12  Reporting lines for a ratings employee or DRO employees and their 
compensation arrangements will be structured to eliminate or manage actual and 
potential conflicts of interest.
(1)	The designated rating organization will not compensate or evaluate a 
ratings employee on the basis of the amount of revenue that the 
designated rating organization or its affiliates derives from rated entities 
that the ratings employee rates or with which the ratings employee 
regularly interacts.
(2)	The designated rating organization will conduct reviews of 
compensation policies and practices for its DRO employees within 
reasonable regular time periods to ensure that these policies and 
practices do not compromise the objectivity of the designated rating 
organization's rating process.
3.13  The designated rating organization will take reasonable steps to ensure that its 
ratings employees, and any agent who has responsibility for developing or approving 
procedures or methodologies used for determining credit ratings, do not initiate, or 
participate in, discussions or negotiations regarding fees or payments with any rated 
entity or its affiliates or related entities.
3.14  The designated rating organization will not permit a ratings employee to 
participate in or otherwise influence the determination of a credit rating if the ratings 
employee
(a)	owns directly or indirectly securities, derivatives or exchange contracts 
of the rated entity, other than holdings through an investment fund;
(b)	owns directly or indirectly securities, derivatives or exchange contracts 
of a rated entity or its related entities, the ownership of which causes or 
may reasonably be perceived as causing a conflict of interest;
(c)	has had a recent employment, business or other relationship with the 
rated entity, its affiliates or related entities that causes or may reasonably 
be perceived as causing a conflict of interest; or
(d)	has an associate who currently works for the rated entity, its affiliates or 
related entities.
3.15  The designated rating organization will not permit a ratings employee or an 
associate of such ratings employee to buy or sell or engage in any transaction 
involving a security, a derivative or an exchange contract based on a security issued, 
guaranteed, or otherwise supported by any person or company within such ratings 
employee's area of primary analytical responsibility, other than holdings through an 
investment fund. 
3.16  The designated rating organization will not permit a ratings employee or an 
associate of such ratings employee to accept gifts, including entertainment, from 
anyone with whom the designated rating organization does business, other than items 
provided in the normal course of business if the aggregate value of all gifts received is 
nominal.
3.17  If a DRO employee of a designated rating organization becomes involved in any 
personal relationship that creates any actual or potential conflict of interest, the DRO 
employee must disclose the relationship to the designated rating organization's 
compliance officer. The designated rating organization will not issue a credit rating if 
a DRO employee has an actual or potential conflict of interest with a rated entity. If 
the credit rating has been issued, the designated rating organization will publicly 
disclose in a timely manner that the credit rating may be affected. 
3.18 The designated rating organization will review the past work of any ratings 
employee that leaves the organization and joins a rated entity (or an affiliate or related 
entity of the rated entity) if 
(a)	the ratings employee has, within the last year, been involved in rating 
the rated entity, or 
(b)	the rated entity is a financial firm with which the ratings employee had, 
within the last year, significant dealings as part of his or her duties at the 
designated rating organization.
4.	RESPONSIBILITIES TO THE INVESTING PUBLIC AND ISSUERS
A.	Transparency and Timeliness of Ratings Disclosure
4.1  The designated rating organization will distribute in a timely manner its ratings 
decisions regarding the entities and securities it rates.
4.2  The designated rating organization will publicly disclose its policies for 
distributing ratings, ratings reports and updates.
4.3  Except for a rating it discloses only to the rated entity, a designated rating 
organization will disclose to the public, on a non-selective basis and free of charge, 
any ratings decision regarding rated entities that are reporting issuers or the securities 
of such issuers, as well as any subsequent decisions to discontinue such a rating, if the 
rating decision is based in whole or in part on material non-public information.
4.4  In each of its ratings reports, a designated rating organization will disclose the 
following:
(a)	when the rating was first released and when it was last updated;
(b)	the principal methodology or methodology version that was used in 
determining the rating and where a description of that methodology can be 
found. If the rating is based on more than one methodology, or if a review of 
only the principal methodology might cause investors to overlook other 
important aspects of the rating, the designated rating organization must explain 
this fact in the ratings report, and include a discussion of how the different 
methodologies and other important aspects factored into the rating decision;
(c)	the meaning of each rating category and the definition of default or recovery, 
and the time horizon the designated rating organization used when making a 
rating decision;
(d)	any attributes and limitations of the credit rating. If the rating involves a type 
of financial product presenting limited historical data (such as an innovative 
financial vehicle), the designated rating organization will disclose, in a 
prominent place, the limitations of the rating;
(e)	all material sources, including the rated entity, its affiliates and related entities, 
that were used to prepare the credit rating and whether the credit rating has 
been disclosed to the rated entity or its related entities and amended following 
that disclosure before being issued.
4.5	 In each of its ratings reports in respect of a securitized product, a designated 
rating organization will disclose the following:
(a)	all information about loss and cash-flow analysis it has performed or is relying 
upon and an indication of any expected change in the credit rating. The 
designated rating organization will also disclose the degree to which it analyzes 
how sensitive a rating of a securitized product is to changes in the designated 
rating organization's underlying rating assumptions;
(b)	the level of assessment the designated rating organization has performed 
concerning the due diligence processes carried out at the level of underlying 
financial instruments or other assets of securitized products. The designated 
rating organization will also disclose whether it has undertaken any assessment 
of such due diligence processes or whether it has relied on a third-party 
assessment and how the outcome of such assessment impacts the credit rating.
4.6  If, to a reasonable person, the information required to be included in a ratings 
report under sections 4.4 and 4.5 would be disproportionate to the length of the 
ratings report, the designated rating organization will include a prominent reference to 
where such information can be easily accessed. 
4.7  A designated rating organization will disclose on an ongoing basis information 
about all securitized products submitted to it for its initial review or for a preliminary 
rating, including whether the issuer requested the designated rating organization to 
provide a final rating.
4.8  The designated rating organization will publicly disclose the methodologies, 
models and key rating assumptions (such as mathematical or correlation assumptions) 
it uses in its credit rating activities and any material modifications to such 
methodologies, models and key rating assumptions. This disclosure will include 
sufficient information about the designated rating organization's procedures, 
methodologies and assumptions (including financial statement adjustments that 
deviate materially from those contained in the issuer's published financial statements 
and a description of the rating committee process, if applicable) so that outside parties 
can understand how a rating was arrived at by the designated rating organization. 
4.9  The designated rating organization will differentiate ratings of securitized 
products from traditional corporate bond ratings through a different rating symbology. 
The designated rating organization will also disclose how this differentiation 
functions. The designated rating organization will clearly define a given rating 
symbol and apply it in a consistent manner for all types of securities to which that 
symbol is assigned.
4.10  The designated rating organization will assist investors in developing a greater 
understanding of what a credit rating is, and the limits to which credit ratings can be 
put to use in relation to a particular type of financial product that the designated rating 
organization rates. The designated rating organization will clearly indicate the 
attributes and limitations of each credit rating.
4.11  When issuing or revising a rating, the designated rating organization will 
provide in its press releases and public reports an explanation of the key elements 
underlying the rating opinion.
4.12  Before issuing or revising a rating, the designated rating organization will 
inform the issuer of the critical information and principal considerations upon which a 
rating will be based and afford the issuer an opportunity to clarify any likely factual 
misperceptions or other matters that the designated rating organization would wish to 
be made aware of in order to produce an accurate rating. The designated rating 
organization will duly evaluate the response. 
4.13  Every year, the designated rating organization will publicly disclose data about 
the historical default rates of its rating categories and whether the default rates of 
these categories have changed over time. If the nature of the rating or other 
circumstances make a historical default rate inappropriate, statistically invalid, or 
otherwise likely to mislead the users of the rating, the designated rating organization 
will explain this. This information will include verifiable, quantifiable historical 
information about the performance of its rating opinions, organized and structured, 
and, where possible, standardized in such a way so as to assist investors in drawing 
performance comparisons between different designated rating organizations.
4.14  For each rating, the designated rating organization will disclose whether the 
rated entity and its related entities participated in the rating process and whether the 
designated rating organization had access to the accounts and other relevant internal 
documents of the rated entity or its related entities. Each rating not initiated at the 
request of the rated entity will be identified as such. The designated rating 
organization will also disclose its policies and procedures regarding unsolicited 
ratings.
4.15  The designated rating organization will fully and publicly disclose, in a timely 
fashion, any material modification to its methodologies, models, key ratings 
assumptions and significant systems, resources or procedures. Where a reasonable 
person would consider feasible and appropriate, disclosure of such material 
modifications will be made before they go into effect. The designated rating 
organization will carefully consider the various uses of credit ratings before 
modifying its methodologies, models, key ratings assumptions and significant 
systems, resources or procedures. 
B.	The Treatment of Confidential Information
4.16  The designated rating organization and its DRO employees will take all 
reasonable measures to protect the confidential nature of information shared with 
them by rated entities under the terms of a confidentiality agreement or otherwise 
under a mutual understanding that the information is shared confidentially. Unless 
otherwise permitted by the confidentiality agreement or required by applicable laws, 
regulations or court orders, the designated rating organization and its DRO employees 
will not disclose confidential information.
4.17  The designated rating organization and its DRO employees will not use 
confidential information for any purpose except for their rating activities or in 
accordance with applicable legislation or a confidentiality agreement with the rated 
entity to which the information relates.
4.18  The designated rating organization and its DRO employees will take all 
reasonable measures to protect all property and records relating to credit rating 
activities and belonging to or in possession of the designated rating organization from 
fraud, theft or misuse.
4.19  A designated rating organization will ensure that its DRO employees do not 
engage in transactions in securities, derivatives or exchange contracts when they 
possess confidential information concerning the issuer of such security or to which 
the derivative or the exchange contract relates.
4.20  A designated rating organization will cause its DRO employees to familiarize 
themselves with the internal securities trading policies maintained by the designated 
rating organization and certify their compliance with such policies within reasonable 
regular time periods.
4.21  The designated rating organization and its DRO employees will not selectively 
disclose any non-public information about ratings or possible future rating actions of 
the designated rating organization, except to the issuer or its designated agents.
4.22  The designated rating organization and its DRO employees will not share 
confidential information entrusted to the designated rating organization with 
employees of any affiliate that is not a designated rating organization or a DRO 
affiliate. The designated rating organization and its DRO employees will not share 
confidential information within the designated rating organization, except as 
necessary in connection with the designated rating organization's credit rating 
functions.
4.23  A designated rating organization will ensure that its DRO employees do not use 
or share confidential information for the purpose of buying or selling or engaging in 
any transaction in any security, derivative or exchange contract based on a security 
issued, guaranteed, or otherwise supported by any person or company, or for any 
other purpose except the conduct of the designated rating organization's business.


FORM 25-101F1 
Designated Rating Organization 
Application and Annual Filing
Instructions
(1)	Terms used in this form but not defined in this form have the meaning given to 
them in the Instrument.
(2)	Unless otherwise specified, the information in this form must be presented as at 
the last day of the applicant's most recently completed financial year.  If 
necessary, the applicant must update the information provided so it is not 
misleading when it is filed.  For information presented as at any date other 
than the last day of the applicant's most recently completed financial year, 
specify the relevant date in the form.
(3)	Applicants are reminded that it is an offence under securities legislation to give 
false or misleading information on this form.
(4)	Applicants may apply to the securities regulatory authority to hold in 
confidence portions of this form which disclose intimate financial, personal or 
other information.  Securities regulatory authorities will consider the 
application and accord confidential treatment to those portions to the extent 
permitted by law.
(5)	When this form is used for an annual filing, the term "applicant" means the 
designated rating organization.
Item 1.  Name of Applicant 
State the name of the applicant. 
Item 2.  Organization and Structure of Applicant 
Describe the organizational structure of the applicant, including, as applicable, an 
organizational chart that identifies the ultimate and intermediate parent companies, 
subsidiaries, and material affiliates of the applicant (if any); an organizational chart 
showing the divisions, departments, and business units of the applicant; and an 
organizational chart showing the managerial structure of the applicant, including the 
compliance officer referred to in section 12 of the Instrument. Provide detailed 
information regarding the applicant's legal structure and ownership.
Item 3.  DRO Affiliates 
Provide the name, address and governing jurisdiction of each affiliate that is (or, in 
the case of an applicant, proposes to be) a DRO affiliate.
Item 4.  Rating Distribution Model 
Briefly describe how the applicant makes its credit ratings readily accessible for free 
or for a fee. If a person must pay a fee to obtain a credit rating made readily 
accessible by the applicant, provide a fee schedule or describe the price(s) charged. 
Item 5.  Procedures and Methodologies 
Briefly describe the procedures and methodologies used by the applicant to determine 
credit ratings, including unsolicited credit ratings.  The description must be 
sufficiently detailed to provide an understanding of the processes employed by the 
applicant in determining credit ratings, including, as applicable: 
*	policies for determining whether to initiate a credit rating; 
*	the public and non-public sources of information used in determining 
credit ratings, including information and analysis provided by third-party 
vendors;
*	whether and, if so, how information about verification performed on 
assets underlying or referenced by a security issued by an asset pool or 
as part of any asset-backed or mortgage-backed securities transaction is 
relied on in determining credit ratings; 
*	the quantitative and qualitative models and metrics used to determine 
credit ratings, including whether and, if so, how assessments of the 
quality of originators of assets underlying or referenced by a security 
issued by an asset pool or as part of any asset-backed or mortgage-
backed securities transaction factor into the determination of credit 
ratings; 
*	the methodologies by which credit ratings of other credit rating agencies 
are treated to determine credit ratings for securities issued by an asset 
pool or as part of any asset-backed or mortgaged-backed securities 
transaction; 
*	the procedures for interacting with the management of a rated obligor or 
issuer of rated securities; 
*	the structure and voting process of committees that review or approve 
credit ratings; 
*	procedures for informing rated obligors or issuers of rated securities 
about credit rating decisions and for appeals of final or pending credit 
rating decisions; and
*	procedures for monitoring, reviewing, and updating credit ratings, 
including how frequently credit ratings are reviewed, whether different 
models or criteria are used for ratings surveillance than for determining 
initial ratings, whether changes made to models and criteria for 
determining initial ratings are applied retroactively to existing ratings, 
and whether changes made to models and criteria for performing ratings 
surveillance are incorporated into the models and criteria for 
determining initial ratings; and procedures to withdraw, or suspend the 
maintenance of, a credit rating. 
An applicant may provide the location on its website where additional information 
about the procedures and methodologies is located. 
Item 6.  Code of Conduct 
Unless previously provided, attach a copy of the applicant's code of conduct.
Item 7.  Policies and Procedures re Non-public Information 
Unless previously provided, attach a copy of the most recent written policies and 
procedures established, maintained, and enforced by the applicant to prevent the 
misuse of material non-public information. 
Item 8.  Policies and Procedures re Conflicts of Interest 
Unless previously provided, attach a copy of the most recent written policies and 
procedures established with respect to conflicts of interest. 
Item 9.  Policies and Procedures re Internal Controls 
Describe the applicant's internal control mechanisms designed to ensure the quality of 
its credit rating activities.
Item 10.  Policies and Procedures re Books and Records 
Describe the applicant's policies and procedures regarding record-keeping.
Item 11. Ratings Employees 
Disclose the following information about the applicant's ratings employees and the 
persons who supervise the ratings employees: 
*	The total number of ratings employees,
*	The total number of ratings employees' supervisors, 
*	A general description of the minimum qualifications required of the 
ratings employees, including education level and work experience (if 
applicable, distinguish between junior, mid, and senior level ratings 
employees), and
*	A general description of the minimum qualifications required of the 
ratings employees' supervisors, including education level and work 
experience. 
Item 12.  Compliance Officer 
Disclose the following information about the compliance officer of the applicant: 
*	Name,
*	Employment history,
*	Post secondary education, and
*	Whether employed by the applicant full-time or part-time.
Item 13.  Specified Revenue 
Disclose information, as applicable, regarding the applicant's aggregate revenue for 
the most recently completed financial year: 
*	Revenue from determining and maintaining credit ratings,
*	Revenue from subscribers,
*	Revenue from granting licenses or rights to publish credit ratings, and 
*	Revenue from all other services and products offered by the credit rating 
organization (include descriptions of any major sources of revenue). 
Include financial information on the revenue of the applicant divided into fees from 
credit rating and non-credit rating activities, including a comprehensive description of 
each.
This information is not required to be audited.
Item 14.  Credit Rating Users
(a)	Disclose a list of the largest users of credit rating services of the applicant by 
the amount of net revenue earned by the applicant attributable to the user 
during the most recently completed financial year. First, determine and list the 
20 largest issuers and subscribers in terms of net revenue. Next, add to the list 
any obligor or underwriter that, in terms of net revenue during the financial 
year, equalled or exceeded the 20th largest issuer or subscriber. In making the 
list, rank the users in terms of net revenue from largest to smallest and include 
the net revenue amount for each person. For purposes of this Item: 
*	"credit rating services" means any of the following:  rating an 
issuer's securities (regardless of whether the issuer, underwriter, 
or any other person or company paid for the credit rating) and 
providing credit ratings, credit ratings data, or credit ratings 
analysis to a subscriber. 
*	 "net revenue" means revenue earned by the applicant for any 
type of service or product provided to the person or company, 
regardless of whether related to credit rating services, and net of 
any rebates and allowances the applicant paid or owes to the 
person or company; and 
(b)	Disclose a list of users of credit rating services whose contribution to the 
growth rate in the generation of revenue of the applicant in the previous fiscal 
year exceeded the growth rate in the applicant's total revenue in that year by a 
factor of more than 1.5 times. A user must be disclosed only if, in that year, the 
user accounted for more than 0.25% of the applicant's worldwide total revenue.
Item 15.  Financial Statements 
Attach a copy of the audited financial statements of the applicant, which must include 
a statement of financial position, a statement of comprehensive income, and a 
statement of changes in equity, for each of the three most recently completed financial 
years.  If the applicant is a division, unit, or subsidiary of a parent company, the 
applicant may provide audited consolidated financial statements of its parent 
company. 
Item 16.  Verification Certificate 
Include a certificate of the applicant in the following form:
The undersigned has executed this Form 25-101F1 on behalf of, and on the 
authority of, [the Applicant]. The undersigned, on behalf of the [Applicant], 
represents that the information and statements contained in this Form, 
including appendices and attachments, all of which are part of this Form, are 
true and correct. 
__________________  		____________________________________
(Date) 	(Name of the Applicant/Designated 
Rating Organization) 

By:	_____________________________
(Print Name and Title)
     _____________________________
(Signature)


FORM 25-101F2 
Submission to Jurisdiction and
Appointment of Agent for Service of Process
1. 	Name of credit rating organization (the CRO):
2. 	Jurisdiction of incorporation, or equivalent, of CRO:
3. 	Address of principal place of business of CRO:
4. 	Name of agent for service of process (the Agent):
5. 	Address for service of process of Agent in Canada (the address may be 
anywhere in Canada):
6. 	The CRO designates and appoints the Agent at the address of the Agent stated 
in Item 5 as its agent upon whom may be served any notice, pleading, 
subpoena, summons or other process in any action, investigation or 
administrative, criminal, quasi-criminal, penal or other proceeding (the 
Proceeding) arising out of, relating to or concerning the issuance and 
maintenance of credit ratings or the obligations of the CRO as a designated 
rating organization, and irrevocably waives any right to raise as a defence in 
any such Proceeding any alleged lack of jurisdiction to bring such Proceeding.
7. 	The CRO irrevocably and unconditionally submits to the non-exclusive 
jurisdiction of
(a)	the judicial, quasi-judicial and administrative tribunals of each of the 
provinces and territories of Canada in which it is a designated rating 
organization; and
(b)	any administrative proceeding in any such province or territory,
in any Proceeding arising out of or related to or concerning the issuance or 
maintenance of credit ratings or the obligations of the CRO as a designated 
rating organization.
8. 	This submission to jurisdiction and appointment of agent for service of process 
is governed by and construed in accordance with the laws of [insert province or 
territory of above address of Agent].
______________________________________	________________________
Signature of Credit Rating Organization		Date
______________________________________
Print name and title of signing officer  
of Credit Rating Organization
AGENT
The undersigned accepts the appointment as agent for service of process of [insert 
name of CRO] under the terms and conditions of the appointment of agent for service 
of process set out in this document.
___________________________________ 		________________________
Signature of Agent						Date
___________________________________
Print name of person signing and, if Agent 
is not an individual, the title of the person
NATIONAL INSTRUMENT 41-101 
GENERAL PROSPECTUS REQUIREMENTS
AMENDING INSTRUMENT
(Securities Act)
Made as a rule by the Alberta Securities Commission on January 11, 2012 pursuant to 
sections 223 and 224 of the Securities Act.
AMENDMENTS TO  
NATIONAL INSTRUMENT 41-101 
GENERAL PROSPECTUS REQUIREMENTS
1.	National Instrument 41-101 General Prospectus Requirements is amended 
by this Instrument.
2.	Form 41-101F1 Information Required in a Prospectus is amended by 
replacing section 10.9 with the following:
10.9 	Ratings (1) If the issuer has asked for and received a credit rating, or if 
the issuer is aware that it has received any other kind of rating, including a 
stability rating or a provisional rating, from one or more credit rating 
organizations for securities of the issuer that are outstanding, or will be 
outstanding, and the rating or ratings continue in effect, disclose 
(a)	each rating received from a credit rating organization, 
(b)	for each rating disclosed under paragraph (a), the name of the 
credit rating organization that has assigned the rating, 
(c)	a definition or description of the category in which each credit 
rating organization rated the securities and the relative rank of 
each rating within the organization's overall classification system, 


(d)	an explanation of what the rating addresses and what attributes, if 
any, of the securities are not addressed by the rating,
(e)	any factors or considerations identified by the credit rating 
organization as giving rise to unusual risks associated with the 
securities, 
(f)	a statement that a credit rating or a stability rating is not a 
recommendation to buy, sell or hold securities and may be subject 
to revision or withdrawal at any time by the credit rating 
organization, and 
(g)	any announcement made by, or any proposed announcement 
known to the issuer that is to be made by, a credit rating 
organization to the effect that the organization is reviewing or 
intends to revise or withdraw a rating previously assigned and 
required to be disclosed under this section.
(2)	If payments were, or reasonably will be, made to a credit rating 
organization that provided a rating described in subsection (1), state that fact 
and state whether any payments were made to the credit rating organization in 
respect of any other service provided to the issuer by the credit rating 
organization during the last two years.
INSTRUCTIONS  
There may be factors relating to a security that are not addressed by a credit 
rating organization when they give a rating. For example, in the case of cash 
settled derivative instruments, factors in addition to the creditworthiness of the 
issuer, such as the continued subsistence of the underlying interest or the 
volatility of the price, value or level of the underlying interest may be reflected 
in the rating analysis.  Rather than being addressed in the rating itself, these 
factors may be described by a credit rating organization by way of a 
superscript or other notation to a rating. Any such attributes must be discussed 
in the disclosure under this section.
A provisional rating received before the issuer's most recently completed 
financial year is not required to be disclosed under this section..
3.	Form 41-101F2 Information Required in an Investment Fund Prospectus is 
amended by replacing section 21.8 with the following:
21.8 	Ratings (1) If the investment fund has asked for and received a credit 
rating, or if the investment fund is aware that it has received any other kind of 
rating, including a stability rating or a provisional rating, from one or more 
credit rating organizations for securities of the investment fund that are 
outstanding, or will be outstanding, and the rating or ratings continue in effect, 
disclose 
(a)	each rating received from a credit rating organization, 
(b)	for each rating disclosed under paragraph (a), the name of the 
credit rating organization that has assigned the rating,
(c)	a definition or description of the category in which each credit 
rating organization rated the securities and the relative rank of 
each rating within the organization's overall classification system, 
(d)	an explanation of what the rating addresses and what attributes, if 
any, of the securities are not addressed by the rating,
(e)	any factors or considerations identified by the credit rating 
organization as giving rise to unusual risks associated with the 
securities,
(f)	a statement that a credit rating or a stability rating is not a 
recommendation to buy, sell or hold securities and may be subject 
to revision or withdrawal at any time by the credit rating 
organization, and 
(g)	any announcement made by, or any proposed announcement 
known to the investment fund that is to be made by, a credit rating 
organization to the effect that the organization is reviewing or 
intends to revise or withdraw a rating previously assigned and 
required to be disclosed under this section.
(2)  If payments were, or reasonably will be, made to a credit rating 
organization that provided a rating described in subsection (1), state that fact 
and state whether any payments were made to the credit rating organization in 
respect of any other service provided to the investment fund by the credit rating 
organization during the last two years.
INSTRUCTIONS  
There may be factors relating to a security that are not addressed by a credit 
rating organization when they give a rating. For example, in the case of cash 
settled derivative instruments, factors in addition to the creditworthiness of the 
issuer, such as the continued subsistence of the underlying interest or the 
volatility of the price, value or level of the underlying interest may be reflected 
in the rating analysis.  Rather than being addressed in the rating itself, these 
factors may be described by a credit rating organization by way of a 
superscript or other notation to a rating. Any such attributes must be discussed 
in the disclosure under this section.
A provisional rating received before the investment funds most recently 
completed financial year is not required to be disclosed under this section..
4.	The effect of these amendments applies to a prospectus or a prospectus 
amendment of an issuer or an investment fund where the preliminary 
prospectus is filed on or after April 20, 2012; for all other prospectuses or 
prospectus amendments, the provisions of National Instrument 41-101 General 
Prospectus Requirements in force on April 19, 2012 apply.
5.	This Instrument comes into force on April 20, 2012.
NATIONAL INSTRUMENT 41-101 
GENERAL PROSPECTUS REQUIREMENTS
AMENDING INSTRUMENT
(Securities Act)
Made as a rule by the Alberta Securities Commission on January 11, 2012 pursuant to 
sections 223 and 224 of the Securities Act.
Amendments To 
National Instrument 41-101 
General Prospectus Requirements
1.	National Instrument 41-101 - General Prospectus Requirements is amended 
by this Instrument.
2.	The Instrument is amended by adding the following section:
14.8.1 Custodial provisions relating to short sales - (1) For the 
purposes of subsection (2), "borrowing agent" has the same meaning as 
in NI 81-102 except that each reference in that definition to "a mutual 
fund" must be read as "an investment fund".
(2) Except where the borrowing agent is the investment fund's custodian 
or sub-custodian, if an investment fund deposits portfolio assets with a 
borrowing agent as security in connection with a short sale of securities, 
the market value of portfolio assets deposited with the borrowing agent 
must not, when aggregated with the market value of portfolio assets 
already held by the borrowing agent as security for outstanding short 
sales of securities by the investment fund, exceed 10% of the net asset 
value of the investment fund at the time of deposit.
(3) An investment fund must not deposit portfolio assets as security in 
connection with a short sale of securities with a dealer in Canada unless 
that dealer is a registered dealer and is a member of the Investment 
Industry Regulatory Organization of Canada.
(4) An investment fund must not deposit portfolio assets as security in 
connection with a short sale of securities with a dealer outside Canada 
unless that dealer
(a) is a member of a stock exchange and is subject to a regulatory 
audit, and
(b) has a net worth, determined from its most recent audited 
financial statements that have been made public, in excess of the 
equivalent of $50 million..
3.	Form 41-101F2 - Information Required in an Investment Fund Prospectus is 
amended: 
(a)	in Item 6.1 by adding the following subsection:
(6) If the investment fund intends to sell securities short
(a) state that the investment fund may sell securities short; and
(b) briefly describe
(i) the short selling process, and
(ii) how short sales of securities are or will be entered into 
in conjunction with other strategies and investments of the 
investment fund to achieve the investment fund's 
investment objectives. ;
(b)	 in Item 12.1 by replacing subsection (4) with the following:
(4) As applicable, describe the risks associated with the investment fund 
entering into
(a) derivative transactions for non-hedging purposes,
(b) securities lending, repurchase or reverse repurchase 
transactions; and
(c) short sales of securities.; and
(c)	in Item 20.3 by adding "and net asset value per security" after "net 
asset value" in paragraphs (a) and (b).
4.	This Instrument comes into force on April 30, 2012.
NATIONAL INSTRUMENT 44-101 
SHORT FORM PROSPECTUS DISTRIBUTIONS
AMENDING INSTRUMENT
(Securities Act)
Made as a rule by the Alberta Securities Commission on January 11, 2012 pursuant to 
sections 223 and 224 of the Securities Act.
AMENDMENTS TO  
NATIONAL INSTRUMENT 44-101 
SHORT FORM PROSPECTUS DISTRIBUTIONS
1.	National Instrument 44-101 Short Form Prospectus Distributions is 
amended by this Instrument.
2.	Form 44-101F1 Short Form Prospectus is amended by replacing Item 7.9 
with the following:
7.9 	Ratings (1)  If the issuer has asked for and received a credit rating, or if 
the issuer is aware that it has received any other kind of rating, including a 
stability rating or a provisional rating, from one or more credit rating 
organizations for securities of the issuer that are outstanding, or will be 
outstanding, and the rating or ratings continue in effect, disclose 
(a)	each rating received from a credit rating organization,
(b)	for each rating disclosed under paragraph (a), the name of the 
credit rating organization that has assigned the rating,
(c)	a definition or description of the category in which each credit 
rating organization rated the securities and the relative rank of 
each rating within the organization's overall classification system,
(d)	an explanation of what the rating addresses and what attributes, if 
any, of the securities are not addressed by the rating,
(e)	any factors or considerations identified by the credit rating 
organization as giving rise to unusual risks associated with the 
securities,
(f)	a statement that a credit rating or a stability rating is not a 
recommendation to buy, sell or hold securities and may be subject 
to revision or withdrawal at any time by the credit rating 
organization, and 
(g)	any announcement made by, or any proposed announcement 
known to the issuer that is to be made by, a credit rating 
organization to the effect that the organization is reviewing or 
intends to revise or withdraw a rating previously assigned and 
required to be disclosed under this section.
(2)  If payments were, or reasonably will be, made to a credit rating 
organization that provided a rating described in subsection (1), state that fact 
and state whether any payments were made to the credit rating organization in 
respect of any other service provided to the issuer by the credit rating 
organization during the last two years.


INSTRUCTIONS  
There may be factors relating to a security that are not addressed by a credit 
rating organization when they give a rating. For example, in the case of cash 
settled derivative instruments, factors in addition to the creditworthiness of the 
issuer, such as the continued subsistence of the underlying interest or the 
volatility of the price, value or level of the underlying interest may be reflected 
in the rating analysis.  Rather than being addressed in the rating itself, these 
factors may be described by a credit rating organization by way of a 
superscript or other notation to a rating. Any such attributes must be discussed 
in the disclosure under this section.
A provisional rating received before the issuer's most recently completed 
financial year is not required to be disclosed under this section..
3.	The effect of these amendments applies to a short form prospectus or a short 
form prospectus amendment of an issuer where the preliminary short form 
prospectus is filed on or after April 20, 2012; for all other short form 
prospectuses or short form prospectus amendments, the provisions of National 
Instrument 44-101 Short Form Prospectus Distributions in force on April 19, 
2012 apply.
4.	This Instrument comes into force on April 20, 2012.
NATIONAL INSTRUMENT 51-102 
CONTINUOUS DISCLOSURE OBLIGATIONS
AMENDING INSTRUMENT
(Securities Act)
Made as a rule by the Alberta Securities Commission on January 11, 2012 pursuant to 
sections 223 and 224 of the Securities Act.
AMENDMENTS TO NATIONAL INSTRUMENT 51-102 
CONTINUOUS DISCLOSURE OBLIGATIONS
1.	National Instrument 51-102 Continuous Disclosure Obligations is amended 
by this Instrument.
2.	Form 51-102F2 Annual Information Form is amended by replacing section 
7.3 with the following:
7.3 	Ratings (1)  If you have asked for and received a credit rating, or if you 
are aware that you have received any other kind of rating, including a stability 
rating or a provisional rating, from one or more credit rating organizations for 
securities of your company that are outstanding, or will be outstanding, and the 
rating or ratings continue in effect, disclose 
(a)	each rating received from a credit rating organization, 
(b)	for each rating disclosed under paragraph (a), the name of the 
credit rating organization that has assigned the rating,
(c)	a definition or description of the category in which each credit 
rating organization rated the securities and the relative rank of 
each rating within the organization's overall classification system, 
(d)	an explanation of what the rating addresses and what attributes, if 
any, of the securities are not addressed by the rating,
(e)	any factors or considerations identified by the credit rating 
organization as giving rise to unusual risks associated with the 
securities,
(f)	a statement that a credit rating or a stability rating is not a 
recommendation to buy, sell or hold securities and may be subject 
to revision or withdrawal at any time by the credit rating 
organization, and 
(g)	any announcement made by, or any proposed announcement 
known to your company that is to be made by, a credit rating 
organization to the effect that the organization is reviewing or 
intends to revise or withdraw a rating previously assigned and 
required to be disclosed under this section. 
(2)  If payments were, or reasonably will be, made to a credit rating 
organization that provided a rating described in subsection (1), state that fact 
and state whether any payments were made to the credit rating organization in 
respect of any other service provided to your company by the credit rating 
organization during the last two years.
INSTRUCTIONS  
There may be factors relating to a security that are not addressed by a credit 
rating organization when they give a rating. For example, in the case of cash 
settled derivative instruments, factors in addition to the creditworthiness of the 
issuer, such as the continued subsistence of the underlying interest or the 
volatility of the price, value or level of the underlying interest may be reflected 
in the rating analysis.  Rather than being addressed in the rating itself, these 
factors may be described by a credit rating organization by way of a 
superscript or other notation to a rating. Any such attributes must be discussed 
in the disclosure under section 7.3.
A provisional rating received before the company's most recently completed 
financial year is not required to be disclosed under section 7.3..
3.	The effect of these amendments applies only to documents required to be 
prepared, filed, delivered or sent under National Instrument 51-102 Continuous 
Disclosure Obligations for periods relating to a financial year ending on or 
after April 20, 2012; for documents required to be prepared, filed, delivered or 
sent under that Instrument for periods relating to a financial year ending before 
April 20, 2012, the provisions of that Instrument in force on April 19, 2012 
apply.
4.	This Instrument comes into force on April 20, 2012.
NATIONAL INSTRUMENT 81-101 
MUTUAL FUND PROSPECTUS DISCLOSURE
AMENDING INSTRUMENT
(Securities Act)
Made as a rule by the Alberta Securities Commission on January 11, 2012 pursuant to 
sections 223 and 224 of the Securities Act.
Amendments To 
National Instrument 81-101 
Mutual Fund Prospectus Disclosure
1.	National Instrument 81-101 - Mutual Fund Prospectus Disclosure is 
amended by this instrument.
2.	Form 81-101F1 - Contents of Simplified Prospectus is amended:
(a)	in Item 5 of Part B by repealing paragraph (e);
(b)	in Item 7 of Part B by:
(i)	replacing "if the mutual fund may hold other mutual funds," in 
paragraph (1)(c) with "if the mutual fund may hold securities of 
other mutual funds,";
(ii)	replacing "net assets" in subparagraph (1)(c)(iii) with "the net 
asset value";
(iii)	replacing subsection (4) with the following:
(4) State whether any, and if so what proportion, of the assets of 
the mutual fund may or will be invested in foreign securities.;
     (iv)	adding the following subsection:
(10) If the mutual fund intends to sell securities short under 
section 2.6.1 of National Instrument 81-102 Mutual Funds,
(a) state that the mutual fund may sell securities short; and
(b) briefly describe
(i) the short selling process, and
(ii) how short sales of securities are or will be 
entered into in conjunction with other strategies and 
investments of the mutual fund to achieve the mutual 
fund's investment objectives.;
(c)	in Item 9 of Part B by:
(i)	replacing "If more than 10% of the securities of a mutual fund"  
in subsection (1.1) with "If securities of a mutual fund 
representing more than 10% of the net asset value of the mutual 
fund";
(ii)	replacing "securities held by the securityholder" in paragraph 
(1.1)(a) with "the net asset value of the mutual fund that those 
securities represent"; 
(iii) 	replacing "net assets" in subsection (5) with "net asset value";
(iv)	adding "that is 30 days before the date" after "preceding the 
date", in subsection (6);
(v)	replacing "net assets" with "net asset value" in subsection (6), 
wherever the expression occurs; 
(vi)	replacing subsection (7) with the following:
(7) As applicable, describe the risks associated with the mutual 
fund entering into
(a) derivative transactions for non-hedging purposes;
(b) securities lending, repurchase or reverse repurchase 
transactions; and
(c) short sales of securities.; and
(vii)	repealing Instruction (5). 


3.	Form 81-101F2 - Contents of Annual Information Form is amended:
(a)	in Item 4 by:
(i)	repealing paragraph 3 of subsection (4);
(ii)	adding " or" at the end of paragraph (5)(a);
(iii)	replacing "; or" at the end of paragraph (5)(b) with "."; and
(iv)	repealing paragraph (5)(c);
(b)	in Item 7 by adding the following subsection:
(2.1) Describe the manner in which the net asset value and net asset 
value per security of the mutual fund will be made available to the 
public and state that the information will be available at no cost to the 
public.; and
(c)	in Item 12 by:
(i)	replacing subsection (2) with the following:
(2) If the mutual fund intends to use derivatives or sell securities 
short, describe the policies and practices of the mutual fund to 
manage the risks associated with engaging in those types of 
transactions.;
(ii)	replacing paragraph (3)(a) with the following:
(a) whether there are written policies and procedures in place that 
set out the objectives and goals for derivatives trading and short 
selling and the risk management procedures applicable to those 
transactions; ; and
(iii)	replacing paragraph (3)(c) with the following:
(c) whether there are trading limits or other controls on derivative 
trading or short selling in place and who is responsible for 
authorizing the trading and placing limits or other controls on the 
trading;.
4.	This Instrument comes into force on April 30, 2012.


NATIONAL INSTRUMENT 81-102 MUTUAL FUNDS
AMENDING INSTRUMENT
(Securities Act)
Made as a rule by the Alberta Securities Commission on January 11, 2012 pursuant to 
sections 223 and 224 of the Securities Act.
Amendments To 
National Instrument 81-102 
Mutual Funds
1.	National Instrument 81-102 Mutual Funds is amended by this Instrument.
2.	Section 1.1 is amended by:
(a)	adding the following definition:
"borrowing agent" means any of the following: 
(a)	a custodian or sub-custodian that holds assets in connection 
with a short sale of securities by a mutual fund;
(b)	a qualified dealer from whom a mutual fund borrows 
securities in order to sell them short;;
(b)	replacing the definition of "cash cover" with the following:
"cash cover" means any of the following assets of a mutual fund that are 
held by the mutual fund, have not been allocated for specific purposes 
and are available to satisfy all or part of the obligations arising from a 
position in specified derivatives held by the mutual fund or from a short 
sale of securities made by the mutual fund:    
(a)	cash;
(b)	cash equivalents;
(c)	synthetic cash;
(d)	receivables of the mutual fund arising from the disposition 
of portfolio assets, net of payables arising from the 
acquisition of portfolio assets;
(e)	securities purchased by the mutual fund in a reverse 
repurchase transaction under section 2.14, to the extent of 
the cash paid for those securities by the mutual fund;
(f)	each evidence of indebtedness that has a remaining term to 
maturity of 365 days or less and an approved credit rating;
(g)	each floating rate evidence of indebtedness if
(i) the floating interest rate of the indebtedness is reset no 
later than every 185 days, and
(ii) the principal amount of the indebtedness will continue 
to have a market value of approximately par at the time of 
each change in the rate to be paid to the holders of the 
evidence of indebtedness;
(h)	securities issued by a money market fund;;
(c)	adding the following definitions:
"clone fund" means a mutual fund that has adopted a fundamental 
investment objective to track the performance of another mutual fund;
"fixed portfolio ETF" means an exchange-traded mutual fund not in 
continuous distribution that
(a) has fundamental investment objectives which include holding 
and maintaining a fixed portfolio of publicly traded equity 
securities of one or more issuers the names of which are disclosed 
in its prospectus, and
(b) trades the securities referred to in paragraph (a) only in the 
circumstances disclosed in its prospectus;
"floating rate evidence of indebtedness" means an evidence of 
indebtedness that has a floating rate of interest determined over the term 
of the obligation by reference to a commonly used benchmark interest 
rate and that satisfies any of the following:
(a) if the evidence of indebtedness was issued by a person or 
company other than a government or a permitted supranational 
agency, it has an approved credit rating;
(b) if the evidence of indebtedness was issued by a government or 
a permitted supranational agency, it has its principal and interest 
fully and unconditionally guaranteed by any of the following:
(i) the government of Canada or the government of a 
jurisdiction of Canada;
(ii) the government of the United States of America, the 
government of one of the states of the United States of 
America, the government of another sovereign state or a 
permitted supranational agency, if, in each case, the 
evidence of indebtedness has an approved credit rating;
"IIROC" means the Investment Industry Regulatory Organization of 
Canada;
"manager-prescribed number of units" means, in relation to an 
exchange-traded mutual fund that is in continuous distribution, the 
number of units determined by the manager from time to time for the 
purposes of subscription orders, exchanges, redemptions or for other 
purposes;
"MFDA" means the Mutual Fund Dealers Association of Canada;;
(d)	replacing the definition of "money market fund" with the following:
"money market fund" means a mutual fund that invests its assets in 
accordance with section 2.18;;
(e)	adding the following definitions:
"mutual fund rating entity" means an entity
(a) that rates or ranks the performance of mutual funds or asset 
allocation services through an objective methodology that is
(i) based on quantitative performance measurements,
(ii) applied consistently to all mutual funds or asset 
allocation services rated or ranked by it, and
(iii) disclosed on the entity's website,
(b) that is not a member of the organization of any mutual fund, 
and
(c) whose services to assign a rating or ranking to any mutual 
fund or asset allocation service are not procured by the promoter, 
manager, portfolio adviser, principal distributor or participating 
dealer of any mutual fund or asset allocation service, or any of 
their affiliates;
"overall rating or ranking" means a rating or ranking of a mutual fund or 
asset allocation service that is calculated from standard performance data 
for one or more performance measurement periods, which includes the 
longest period for which the mutual fund or asset allocation service is 
required under securities legislation to calculate standard performance 
data, other than the period since the inception of the mutual fund;;
(f)	replacing the definition of "permitted supranational agency" with the 
following:
"permitted supranational agency" means the African Development 
Bank, the Asian Development Bank, the Caribbean Development Bank, 
the European Bank for Reconstruction and Development, the European 
Investment Bank, the Inter-American Development Bank, the 
International Bank for Reconstruction and Development and the 
International Finance Corporation;;
(g)	adding the following definition:
"redemption payment date" means, in relation to an exchange-traded 
mutual fund that is not in continuous distribution, a date specified in the 
prospectus or annual information form of the exchange-traded mutual 
fund on which redemption proceeds are paid;;
(h)	repealing the definition of "RSP clone fund"; and
(i)	deleting "simplified" wherever it occurs in paragraph (b) of the 
definition of "sales communication".
3.	Section 1.2 is amended by deleting "simplified" wherever it occurs.
4.	Subsection 1.3(3) is repealed.
5.	Section 2.1 is amended:
(a)	in subsection (1) by replacing "the net assets of the mutual fund, taken 
at market value at the time of the transaction," with "its net asset value";
(b)	by replacing subsection (2) with the following:
(2) Subsection (1) does not apply to the purchase of any of the 
following:
(a)	a government security;
(b)	a security issued by a clearing corporation;
(c)	a security issued by a mutual fund if the purchase is made 
in accordance with the requirements of section 2.5;
(d)	an index participation unit that is a security of a mutual 
fund;
(e)	an equity security if the purchase is made by a fixed 
portfolio ETF in accordance with its investment 
objectives.; and
(c)	in subsection (5) by replacing "its simplified prospectus" with "its 
prospectus".
6.	Subsection 2.2(1.1) is replaced with the following:
(1.1) Subsection (1) does not apply to the purchase of any of the following:
(a)	a security issued by a mutual fund if the purchase is made in 
accordance with section 2.5;
(b)	an index participation unit that is a security of a mutual fund..
7.	Paragraphs 2.3(c) and (e) are amended by replacing "the net assets of the 
mutual fund, taken at market value at the time of the purchase, would consist" 
with "its net asset value would be made up".
8.	Section 2.4 is amended:
(a)	in subsection (1) by replacing "the net assets of the mutual fund, taken 
at market value at the time of the purchase, would consist" with "its net 
asset value would be made up";
(b)	in subsection (2) by replacing "net assets, taken at market value," with 
"net asset value"; and
(c)	in subsection (3) by replacing "net assets of a mutual fund, taken at 
market value, are" with "net asset value of a mutual fund is made up 
of", and replacing "its net assets" with "its net asset value".
9.	Section 2.5 is amended:
(a)	by replacing paragraph (2)(a) with the following:
(a) the other mutual fund is subject to this Instrument and offers or has 
offered securities under a simplified prospectus in accordance with 
National Instrument 81-101 Mutual Fund Prospectus Disclosure,;
(b)	in paragraph (2)(b) by replacing "the market value of its net assets" 
with "its net asset value";
(c)	by replacing paragraph (2)(c) with the following:
(c) the mutual fund and the other mutual fund are reporting issuers in the 
local jurisdiction,; 
(d)	in paragraph (4)(a) by deleting "RSP"; and
(e)	in subsection (5) by replacing "Paragraph (2)(f) does" with "Paragraphs 
(2)(e) and (f) do". 
10.	Section 2.6 is amended:
(a)	in subparagraph (a)(i) by replacing "the net assets of the mutual fund 
taken at market value" with "its net asset value";
(b)	by replacing subparagraph (a)(ii) with the following:
(ii) the security interest is required to enable the mutual fund to effect a 
specified derivative transaction or short sale of securities under this 
Instrument, is made in accordance with industry practice for that type of 
transaction and relates only to obligations arising under the particular 
specified derivatives transaction or short sale,;
(c)	by replacing ";" at the end of subparagraph (a)(iii) with ", or";
(d)	by adding the following subparagraph:
(iv) in the case of an exchange-traded mutual fund that is not in 
continuous distribution, the transaction is to finance the acquisition of its 
portfolio securities and the outstanding amount of all borrowings is 
repaid on the closing of its initial public offering;; and
(e)	by replacing paragraph (c) with the following:
(c) sell securities short other than in compliance with section 2.6.1, 
unless permitted by section 2.7 or 2.8;.
11.	The Instrument is amended by adding the following section:
2.6.1 Short Sales - (1) A mutual fund may sell a security short if
(a) the security sold short is sold for cash;
(b) the security sold short is not any of the following:
(i) a security that the mutual fund is otherwise not permitted by 
securities legislation to purchase at the time of the short sale 
transaction;
(ii) an illiquid asset;
(iii) a security of an investment fund other than an index 
participation unit; and 
(c) at the time the mutual fund sells the security short
(i) the mutual fund has borrowed or arranged to borrow from a 
borrowing agent the security that is to be sold under the short 
sale;  
(ii) the aggregate market value of all securities of the issuer of the 
securities sold short by the mutual fund does not exceed 5% of the 
net asset value of the mutual fund; and  
(iii) the aggregate market value of all securities sold short by the 
mutual fund does not exceed 20% of the net asset value of the 
mutual fund. 
(2) A mutual fund that sells securities short must hold cash cover in an amount 
that, together with portfolio assets deposited with borrowing agents as security 
in connection with short sales of securities by the mutual fund, is at least 150% 
of the aggregate market value of all securities sold short by the mutual fund on 
a daily mark-to-market basis.
(3) A mutual fund must not use the cash from a short sale to enter into a long 
position in a security, other than a security that qualifies as cash cover..
12.	Section 2.7 is amended:
(a)	by replacing subsection (1) with the following:
2.7 Transactions in Specified Derivatives for Hedging and Non-
hedging Purposes - (1) A mutual fund must not purchase an option or a 
debt-like security or enter into a swap or a forward contract unless, at the 
time of the transaction, any of the following apply:
(a) in the case of an option, the option is a clearing corporation 
option;
(b) the option, debt-like security, swap or contract, has an 
approved credit rating;
(c) the equivalent debt of the counterparty, or of a person or 
company that has fully and unconditionally guaranteed the 
obligations of the counterparty in respect of the option, debt-like 
security, swap or contract, has an approved credit rating.; and
(b)	in subsection (4) by replacing "net assets" with "net asset value".
13.	Paragraph 2.8(1)(a) is amended by replacing "the net assets of the mutual 
fund, taken at market value at the time of the purchase, would consist" with 
"its net asset value would be made up". 
14.	Section 2.11 is replaced with the following: 
2.11 Commencement of Use of Specified Derivatives and Short Selling by a 
Mutual Fund - (1) A mutual fund that has not used specified derivatives must 
not begin using specified derivatives, and a mutual fund that has not sold a 
security short in accordance with section 2.6.1 must not sell a security short 
unless 
(a) its prospectus contains the disclosure required for a mutual fund 
intending to engage in the activity; and
(b) the mutual fund has provided to its securityholders, not less than 60 
days before it begins the intended activity, written notice that discloses 
its intent to engage in the activity and the disclosure required for mutual 
funds intending to engage in the activity.
(2) A mutual fund is not required to provide the notice referred to in paragraph 
(1)(b) if each prospectus of the mutual fund since its inception has contained 
the disclosure referred to in paragraph (1)(a)..
15.	Section 2.17 is amended by deleting "simplified" wherever it occurs.
16.	The Instrument is amended by adding the following section:
2.18 Money Market Fund - (1) A mutual fund must not describe itself as a 
"money market fund" in its prospectus, a continuous disclosure document or a 
sales communication unless 
(a) it has all of its assets invested in one or more of the following:
(i) cash,
(ii) cash equivalents,
(iii) an evidence of indebtedness that has a remaining term to 
maturity of 365 days or less and an approved credit rating,
(iv) a floating rate evidence of indebtedness if
(A) the floating interest rate of the indebtedness is reset no 
later than every 185 days, and
(B) the principal amount of the indebtedness will continue 
to have a market value of approximately par at the time of 
each change in the rate to be paid to the holders of the 
evidence of indebtedness, or
(v) securities issued by one or more money market funds,   
(b) it has a portfolio of assets, excluding a security described in 
subparagraph (a)(v), with a dollar-weighted average term to maturity not 
exceeding 
(i) 180 days, and
(ii) 90 days when calculated on the basis that the term of a 
floating rate obligation is the period remaining to the date of the 
next rate setting,
(c) not less than 95% of its assets invested in accordance with paragraph 
(a) are denominated in a currency in which the net asset value per 
security of the mutual fund is calculated, and 
(d) it has not less than
(i) 5% of its assets invested in cash or readily convertible into 
cash within one day, and
(ii) 15% of its assets invested in cash or readily convertible into 
cash within one week.
(2) Despite any other provision of this Instrument, a mutual fund that describes 
itself as a "money market fund" must not use a specified derivative or sell 
securities short..
17.	Subsection 3.1(1) and sections 3.2 and 3.3 are amended by deleting 
"simplified" wherever it occurs.
18.	Section 3.3 is amended by renumbering it as subsection 3.3(1) and by adding 
the following subsection:
(2) Subsection (1) does not apply to an exchange-traded mutual fund unless the 
fund is in continuous distribution..
19.	Section 4.1 is amended by adding the following subsection:
(4.1) In paragraph (4)(b), "approved rating" has the meaning ascribed to it in 
National Instrument 44-101 - Short Form Prospectus Distributions.. 
20.	Section 5.3 is amended:
(a)	in subsection (1) by replacing "paragraph 5.1(a)" in the portion before 
paragraph (a) with "paragraphs 5.1(a) and (a.1)";
(b)	in subparagraph (1)(a)(i) by replacing "paragraph 5.1(a) that is 
changed" with "paragraphs 5.1(a) and (a.1)"; and
(c)	in subparagraphs (1)(a)(ii) and (b)(ii) and paragraph (2)(d) by deleting 
"simplified".
21.	Paragraph 5.3.1(b) is amended by deleting "simplified".
22.	Paragraph 5.4(2)(a) is amended by replacing "paragraph 5.1(a)" with 
"paragraphs 5.1(a) or (a.1)".
23.	Subsection 5.6(1) is amended:
(a)	in subparagraph (a)(iv) by deleting "simplified";
(b)	by replacing subparagraph (e)(i) with the following:
(i) by the securityholders of the mutual fund in accordance with 
paragraph 5.1(f), unless subsection 5.3(2) applies, and; and
(c)	in subparagraphs (f)(ii) and (iii) by deleting "simplified".
24.	Paragraph 5.7(1)(d) is amended by deleting "simplified".
25.	In the following provisions, "sections 6.8 and 6.9" is replaced with "sections 
6.8, 6.8.1 and 6.9":
(a)	subsections 6.1(1) and (2);
(b)	subsection 6.5(1).
26.	Subsection 6.8(1) and paragraph 6.8(2)(c) are amended by replacing "net 
assets of the mutual fund, taken at market value" with "net asset value of the 
mutual fund".	
27.	The Instrument is amended by adding the following section:
6.8.1 Custodial Provisions relating to Short Sales - (1) Except where the 
borrowing agent is the mutual fund's custodian or sub-custodian, if a mutual 
fund deposits portfolio assets with a borrowing agent as security in connection 
with a short sale of securities, the market value of portfolio assets deposited 
with the borrowing agent must not, when aggregated with the market value of 
portfolio assets already held by the borrowing agent as security for outstanding 
short sales of securities by the mutual fund, exceed 10% of the net asset value 
of the mutual fund at the time of deposit.   
(2) A mutual fund must not deposit portfolio assets as security in connection 
with a short sale of securities with a dealer in Canada unless the dealer is a 
registered dealer and is a member of IIROC.
(3) A mutual fund must not deposit portfolio assets as security in connection 
with a short sale of securities with a dealer outside of Canada unless that dealer
(a) is a member of a stock exchange and is subject to a regulatory audit; 
and
(b) has a net worth, determined from its most recent audited financial 
statements that have been made public, in excess of the equivalent of 
$50 million..
28.	The following provisions are amended by deleting "simplified":
(a)	paragraph 7.1(c);
(b)	paragraph 8.1(a).
29.	Part 9 is amended by adding the following section:
9.0.1 Application - This Part does not apply to an exchange-traded mutual 
fund unless the fund is in continuous distribution..
30.	Section 9.1 is amended by adding the following subsection:
(0.1) This section does not apply to an exchange-traded mutual fund..
31.	Paragraph 9.2(c) is amended by deleting "simplified". 
32.	Section 9.4 is amended:
(a)	in subsection (1) by
(i)	adding "or securities" after the first occurrence of "cash", and 
(ii)	replacing "arrives" with "or securities arrive"; and
(b)	by replacing subsection (2) with the following:
(2) Payment of the issue price of securities of a mutual fund must be 
made to the mutual fund on or before the third business day after the 
pricing date for the securities by using any or a combination of the 
following methods of payment:
(a) by paying cash in a currency in which the net asset value per 
security of the mutual fund is calculated;
(b) by making good delivery of securities if
(i) the mutual fund would at the time of payment be 
permitted to purchase those securities,
(ii) the securities are acceptable to the portfolio adviser of 
the mutual fund and consistent with the mutual fund's 
investment objectives, and
(iii) the value of the securities is at least equal to the issue 
price of the securities of the mutual fund for which they are 
payment, valued as if the securities were portfolio assets of 
the mutual fund..
33.	Section 10.2 is amended by adding the following subsection:
(0.1) This section does not apply to an exchange-traded mutual fund.	 
34.	Section 10.3 is amended by renumbering it as subsection 10.3(1), by 
replacing "net asset value of a security" with "net asset value per security", 
and by adding the following subsections:
(2) Despite subsection (1), the redemption price of a security of an exchange-
traded mutual fund that is not in continuous distribution may be a price that is 
less than the net asset value of the security and that is determined on a date 
specified in the exchange-traded mutual fund's prospectus or annual 
information form.   
(3) Despite subsection (1), the redemption price of a security of an exchange-
traded mutual fund that is in continuous distribution may, if a securityholder 
redeems fewer than the manager-prescribed number of units, be a price that is 
calculated by reference to the closing price of the security on the stock 
exchange on which the security is listed and posted for trading, next 
determined after the receipt by the exchange-traded mutual fund of the 
redemption order.. 
35.	Section 10.4 is amended:
(a)	in subsection (1) by:
(i)	replacing the portion of subsection (1) before paragraph (a) 
with the following:
10.4 Payment of Redemption Proceeds - (1) Subject to 
subsection 10.1(1) and to compliance with any requirements 
established by the mutual fund under paragraph 10.1(2)(b), a 
mutual fund must pay the redemption proceeds for securities that 
are the subject of a redemption order, and
(ii)	replacing the portion of paragraph (b) before subparagraph (i) 
with the following:
(b) if payment of the redemption proceeds was not made at the 
time referred to in paragraph (a) because a requirement 
established under paragraph 10.1(2)(b) or a requirement of 
subsection 10.1(1) had not been satisfied, within three business 
days of;
(b)	by adding the following subsection:
(1.1) Despite subsection (1), an exchange-traded mutual fund that is not 
in continuous distribution must pay the redemption proceeds for 
securities that are the subject of a redemption order no later than the 
redemption payment date that next follows the valuation date on which 
the redemption price was established.;
(c)	by replacing subsection (2) with the following:
(2) The redemption proceeds for a redeemed security, less any 
applicable investor fees, must be paid to or to the order of the 
securityholder of the security.;
(d)	by replacing subsection (3) with the following:
(3) A mutual fund must pay the redemption proceeds for a redeemed 
security by using any or a combination of the following methods of 
payment:
(a) by paying cash in the currency in which the net asset value per 
security of the redeemed security was calculated;
(b) with the prior written consent of the securityholder for a 
redemption other than an exchange of a manager-prescribed 
number of units, by making good delivery to the securityholder of 
portfolio assets, the value of which is equal to the amount at 
which those portfolio assets were valued in calculating the net 
asset value per security used to establish the redemption price.; 
and
(e)	in subsection (5) by replacing "redemption price of a security is" with 
"redemption proceeds for a redeemed security are".
36.	Section 10.6 is amended:
(a)	by replacing subsection (1) with the following:
10.6 Suspension of Redemptions - (1) A mutual fund may suspend the 
right of securityholders to request that the mutual fund redeem its 
securities for the whole or any part of a period during which either of the 
following occurs:
(a) normal trading is suspended on a stock exchange, options 
exchange or futures exchange within or outside Canada on which 
securities are listed and posted for trading, or on which specified 
derivatives are traded, if those securities or specified derivatives 
represent more than 50% by value, or underlying market 
exposure, of the total assets of the mutual fund without allowance 
for liabilities and if those securities or specified derivatives are 
not traded on any other exchange that represents a reasonably 
practical alternative for the mutual fund;
(b) in the case of a clone fund, the mutual fund whose 
performance it tracks has suspended redemptions.; and
(b)	in subsection (2) by replacing "redemption price" with "redemption 
proceeds".
37.	Subsection 11.2(2) is amended by adding "in" immediately after "referred 
to".
38.	Section 11.4 is amended:
(a)	in subsection (1) by replacing "members of the Investment Dealers 
Association of Canada" with "a member of IIROC";
(b)	by adding the following subsections:
(1.1) Except in Qu‚bec, sections 11.1 and 11.2 do not apply to a member 
of the MFDA.
(1.2) In Qu‚bec, sections 11.1 and 11.2 do not apply to a mutual fund 
dealer.; and
(c)	in subsection (2) by
(i) adding "or (1.1) or, in Qu‚bec, that is a mutual fund dealer," after 
"subsection (1)", and
(ii) adding ", or the requirements applicable to the mutual fund dealer 
under the regulations in Qu‚bec," after "association or exchange".
39.	Section 12.1 is amended:
(a)	in subsection (1) by adding ", other than an exchange-traded mutual 
fund that is not in continuous distribution," after "A mutual fund";
(b)	by replacing subsection (4) with the following:
(4) Subsections (2) and (3) do not apply to a member of IIROC.; and
(c)	by adding the following subsections:
(4.1) Except in Qu‚bec, subsections (2) and (3) do not apply to a 
member of the MFDA.
(4.2) In Qu‚bec, subsections (2) and (3) do not apply to a mutual fund 
dealer.. 


40.	Part 14 is amended by adding the following section:
14.0.1 Application - This Part does not apply to an exchange-traded mutual 
fund..
41.	Paragraph 15.2(1)(b) is amended by deleting "simplified" wherever it occurs.
42.	Section 15.3 is amended:
(a)	by replacing subsection (4) with the following:
(4) A sales communication must not refer to a performance rating or 
ranking of a mutual fund or asset allocation service unless
(a) the rating or ranking is prepared by a mutual fund rating 
entity;
(b) standard performance data is provided for any mutual fund or 
asset allocation service for which a performance rating or ranking 
is given;
(c) the rating or ranking is provided for each period for which 
standard performance data is required to be given, except the 
period since the inception of the mutual fund;   
(d) the rating or ranking is based on a published category of 
mutual funds that
(i) provides a reasonable basis for evaluating the 
performance of the mutual fund or asset allocation service, 
and
(ii) is not established or maintained by a member of the 
organization of the mutual fund or asset allocation service;
(e) the sales communication contains the following disclosure:   
(i) the name of the category within which the mutual fund 
or asset allocation service is rated or ranked, including the 
name of the organization that maintains the category,
(ii) the number of mutual funds in the applicable category 
for each period of standard performance data required 
under paragraph (c),
(iii) the name of the mutual fund rating entity that provided 
the rating or ranking,
(iv) the length of the period or the first day of the period on 
which the rating or ranking is based, and its ending date,
(v) a statement that the rating or ranking is subject to 
change every month,
(vi) the criteria on which the rating or ranking is based, and
(vii) if the rating or ranking consists of a symbol rather 
than a number, the meaning of the symbol, and
(f) the rating or ranking is to the same calendar month end that is   
(i) not more than 45 days before the date of the appearance 
or use of the advertisement in which it is included, and
(ii) not more than three months before the date of first 
publication of any other sales communication in which it is 
included.; and
(b)	by adding the following subsection:
(4.1) Despite paragraph (4)(c), a sales communication may refer to an 
overall rating or ranking of a mutual fund or asset allocation service in 
addition to each rating or ranking required under paragraph (4)(c) if the 
sales communication otherwise complies with the requirements of 
subsection (4)..
43.	The following provisions are amended by deleting "simplified" wherever it 
occurs:
(a) subsection 15.4(9);
(b) paragraphs 15.5(1)(b) and 15.5(1)(c);
(c) subparagraph 15.6(a)(i) and paragraph 15.6(d);
(d) paragraphs 15.8(2)(a) and 15.8(3)(a);
(e) section 15.12;
(f) subsections 19.2(2) and 19.2(3);
        (g) paragraph 20.4(b).
44.	(1) Subject to subsection (2), this Instrument comes into force on April 30, 
2012.
(2) Paragraph 2(d) and section 16 of this Instrument come into force on the day 
that is six months after the day referred to in subsection (1).
NATIONAL INSTRUMENT 81-106 
INVESTMENT FUND CONTINUOUS DISCLOSURE
AMENDING INSTRUMENT
(Securities Act)
Made as a rule by the Alberta Securities Commission on January 11, 2012 pursuant to 
sections 223 and 224 of the Securities Act.
Amendments To 
National Instrument 81-106 
Investment Fund Continuous Disclosure
1.	National Instrument 81-106 - Investment Fund Continuous Disclosure is 
amended by this Instrument.
2.	Subsections 3.5(4) and (5) are repealed.
3.	Subsection 3.6(1) is amended by replacing paragraph 3 with the following:
3. to the extent the amount is ascertainable, the portion of the total client 
brokerage commissions, as defined in National Instrument 23-102 - Use of 
Client Brokerage Commissions, paid or payable to dealers by the investment 
fund for the provision of goods or services by the dealers or third parties, other 
than order execution.
4.	Section 14.2 is amended:
(a)	by replacing subsection (3) with the following:
(3) An investment fund must calculate its net asset value at least as 
frequently as the following: 
(a) if the investment fund does not use specified derivatives or sell 
securities short, once a week;
(b) if the investment fund uses specified derivatives or sells 
securities short, once every business day.;
(b) 	by adding the following subsection:
(6.1)  An investment fund must, upon calculating the net asset value of 
the investment fund under this section, make the following information 
available to the public at no cost:
(a) the net asset value of the investment fund;
(b) the net asset value per security of the investment fund unless 
the investment fund is a scholarship plan.; and
(c)	in subsection (7) by adding "or net asset value per security" after "net 
asset value", wherever it occurs. 
5.	This Instrument comes into force on April 30, 2012.
Service Alberta
Vital Statistics
Notice of Change of Personal Name
(Change of Name Act)
February 1, 2012 
Sivarkkamani, Geetha Nagarajan to Sivarkkamani, Geetha - 70279
February 2, 2012 
Smith, Jacob Gordan to Cutting, Jacob Gordon - 71415 
Smith, Christine Marie to Cutting, Christine Marie - 71414 
Harper, Lacee Kiaya Grae to Bonham, Lacee Kiaya Grae - 71841 
Servus, Jessica Veronica to Sinclair, Jessica Veronica - 72073 
Melesse Dahessa, Firomsa to Tufa, Firomsa Fedhasa - 72075 
Shepherdson, Daniel Verdon to Cleroux, Daniel Verdon - 72092 
Behan, Frances Clare to Behan, Frances Claire - 72134 
Mandziuk, Olivia Michelle to McMillan, Olivia Michelle - 72175 
Evans, Cayley Blair to Bower, Cayley Blair - 72177 
Julho, Ernesto Souza to Hower, Ernest Maverick - 72195
February 3, 2012 
O'Hara-Elliott, Gerrod Kieran to O'Hara, Gerrod Kieran - 72113 
Gratton, Amanda Christine to Plishka, Amanda Christine - 72232
February 6, 2012 
Nordby, Kurt Russell to Blois, Kurt Russell - 71564 
Obey, Andrea Shai to Inkpen, Andrea Jai Obey - 71722 
Obey, Alysa Brayden to Inkpen, Alysa Jordyn Obey - 71723 
Stetic, Grace Kathleen to Papineau-Couture, Grace Kathleen - 71800 
Hamza, Fatem Yuday to Khani, Fatem Yuday - 72172
February 7, 2012 
Torres-Marshall, Emma Michelle to Torres, Emma Michelle - 70993 
Van Ry Pierre, Amos to Van Ry, Trey Amos Pierre - 71938 
Eyononga, Didier to Bononga, Didier Eyononga - 71944 
Eyononga, Ardi Bafandjo to Bononga, Ardi Bafandjo - 71946 
Eyononga, Dixon Bolowa to Bononga, Dixon Bolowa - 71947 
Eyononga, Didiane Bononga to Bononga, Didiane Imama - 71945 
Rai, Nilam Kaur to Iwasiw, Lena Nilam - 72038 
Stuart, Nichole Lynne to Ancelet, Nichole Lynne - 72044 
Dryden-Hronek, Jordan Dalene to Dryden, Jordan Dalene - 72066 
Bonner, Lee to Miller, Bari Leia - 72085 
Hill, Jordan Evan Clare to Brant, Jordan Snap - 72159 
Mott, Bryon Woodrow to Mott, Byron Woodrow - 72185 
Taylor, James Leonard Gordon to Trewin, James Leonard Gordon Taylor - 72267 
Nguyen, Thi Thu Trinh to Nguyen, Trinity - 72270 
Ford, Shane Robert to Hansen, Shane Robert - 72295
February 8, 2012 
Lewis-Elliott, Kain Gabriel to Simmer, Kain Gabriel - 68128 
Gill, Yasmin to Abdul, Yasmin - 71163 
Belcourt, Jessica Rain to Paul, Jessica Rain - 72059 
Running Rabbit, Jayden Craig to Heavenfire, Jayden Craig - 72101
February 9, 2012 
Smith, Lexi Raine Garneau to Garneau-Smith, Lexi Raine - 71611 
Saloway, Helene Sylvie Anne to Salois, Helene Mary Anne - 71706 
Bhatti, Narinderpal Kaur to Bhatti, Narinder - 71717 
Gill, Armaandeep Singh to Gill, Armaan Singh - 71718 
Brandson, Calhoun Douglas to Busby, Calhoun Douglas - 71754 
Abbas, Ayah Mawia Abbas Mohamed to Mohamed, Ayah Mawia Abbas - 71811 
Guehi, Aime Claver to Tea, Aime - 71837 
Guehi, Ange Orlane St‚phanie to Tea, Angel St‚phanie - 71840 
Dirks, Caelum Christensen to Hartman, Caelum Christensen-Dirks - 71856 
Chiong, Gladys Daffodil A to Javier, Gladys - 71875 
Taing, Dydana to Taing, Dyno - 71910 
Chang, Fang-Chi to Chang, Mia - 71975 
Sidhu, Harjit Kaur to Pannu, Harjit Kaur - 72064 
Adelman, Sarina Lisabeth to Farrer, Sarina Lylia Elizabeth - 72067 
Daley, Brooklyn Nicole to MacDonald, Brooklyn Nicole - 72093 
Xue, Zhenchun to Xue, Sarah Zhenchun - 72137 
Sweet, Terrance Mel to Carroll, Terrance William - 72141 
Marier, George-Henry to Merrier, George Henry - 72142 
McAstocker, Ann Kelly to McAstocker, Kelly Ann - 72145 
MacDonald, Sonya Simonne to Smith, Sonya Simonne - 72146 
Neunherz, Sonya Simonne to Smith, Sonya Simonne - 72146 
Rofia, Individual has only one name to Ahmed, Rofia - 72150 
Adyan, Individual has only one name to Ahmed, Adyan - 72151 
Gagnon, Hailey Autumn to Snow, Hailey Autumn - 72157 
Jorgenson-Schmidt, William Arthur to Jorgenson, William Arthur - 72160 
Chu, Wing Sze to Chu, Ceci - 72165 
Stubbs, Joshua - Christopher to Courtorielle, Joshua Christopher - 72167 
Briggs-Cullihall, Joshua Stephen Leslie to Briggs, Joshua Stephen Leslie - 72170 
Sharp Adze, Tayden Thomas James to Knife, Tayden Thomas James - 72181 
Sharp Adze, Travin John Robert to Knife, Travin John Robert - 72183 
Robin, Mary Ashley Ann Bianca to Vanasse, Bianca Mary Ashley Ann - 72187 
Singh, Amarpreet to Gill, Amar Singh - 72190 
Lemley, Ella Grace to Doddridge, Ella Grace - 72193 
Talas, Giovanni to Tlass, Giovanni - 72274 
Talas, Belal to Tlass, Billal - 72275 
Henderson, Dean Richard to Michaud, Dean Richard - 72350
February 13, 2012 
Moudgil, Priya to Michaels, Jamie - 71746 
Tochukwu, Tresean Kumar to Michaels, Tre Sean - 71747 
Tochukwu, Ashton Rai to Michaels, Ashton - 71748 
Tochukwu, Chase Keanu to Michaels, Chase - 71749 
Tochukwu, Cruz to Michaels, Cruz - 71750 
Abuduwayiti, Kelimu to Atanur, Abdulwahid Keyyum - 71762 
Bahaerguli, Mijiti to Atanur, Bahargul Abdulmajid - 71763 
Nadire, Abuduwayiti to Atanur, Nadira Abdulwahid - 71764 
Chu, Huai Min to Chu, Alan Huaimin - 71868 
Ho, Ka Ying to Ho, Vivian Ka Ying - 71894 
Tran, Lan Phuong to Hamilton, Chloe Lan - 72211 
Epp, Hedwig Elizabeth to Epp, Heidy Elizabeth - 72251 
Attard, Anthony Sandor to Hamelin, Charlie James Tony - 72356 
Singh, Sarbjit to Sandhu, Sarbjit - 72360
February 14, 2012 
Chan, Jassica to Chan, Angelina Onkay - 71834 
Rahmani, Samad to Banagar, Dana - 71999 
Sanjar, Dewan Mahdin Zavier to Dewan, Sadeeb - 72027 
Oldenburger, Todd Michael to Humphries, Todd Michael - 72119 
Saleem, Muhammad to Sattar, Salim - 72188 
Borthwick, Scott Francis to Nast, Scott Francis - 72194 
Marchment, Sabella Autem to Henry, Sabella Autem Hazel Taylor - 72197 
Kim, Yukyeom to Kim, Michael Yukyeom - 72205 
Hiebert, Jason Donald George Robert to Levy, Jason Donald George Robert - 72230 
Gillespie, William Edward to Gillespie, Bill - 72241 
Guerin, Joseph Jules Armand Rogers to Guerin, JJ - 72362
February 15, 2012 
Chen, Er Yi to Chen, Iris Eryi - 71987 
Schiffers, William Michael to Allon, William Michael - 72206 
Mercer, Kaden James to Allen, Kaden James - 72210 
Stromberg, Tyler Justin to Engstr”m, Tyler Dudley - 72217 
Hatton, Miheret Lyle to Hatton, Mihret Desta - 72219 
Nguyen, Lindsey Tran to Iss, Lindsey Tran - 72220 
Charles, Hailey Renae to McCheyne, Hailey Renae - 72228 
Lee, Soo Hong to Lee, Michael Soohong - 72259 
Lee, Soo Ah to Lee, Gabrielle Soo-ah - 72260 
Kim, Jee Woo to Kim, Katie Jeewoo - 72237 
Kim, Kyu Ree to Kim, Lucy Kyuree - 72238 
Douglas, Zachary Richard to Thompson, Zaq Richard - 72245 
Lu, Shin Thong to Lu, Stephanie Shin-Thong - 72246 
Jagdath, Bjorn Margues to Mulholland, Bjorn Margues - 72247 
Robson, Graham Andrew to Robson, James - 72261 
Krieger, Patricia Lynn to Hutchinson, Patricia Lynn - 72264 
Krieger, Karrissa Marie to Hutchinson, Karrissa Marie - 72265 
Madore Young, Reily John Clarence to Madore, Reily John Clarence - 72269 
Desjarlais, Lorena to Desjarlais, Rain - 72271 
Desjarlais, Thalis Eddie Cyre to Elias, Thalis Eddie - 72272 
Desjarlais Elias, Mathis Hugo to Elias, Mathis Hugo - 72273 
Singh, Gurpinder Pal to Pandher, Gurpinder Singh - 72280 
Beckett, Tristan Sophia to Beckett, Sophia Tristan - 72286 
Choudary, Mobin to Choudary, Mobeen - 72290 
Charchuk, Raegan Meredith to Reeves, Raegan - 72291 
Oar, Verna Beatrice to Orr, Verna Beatrice - 72293 
Angus, Kayla Patrica Ann to Elliott, Kayla Patrica Ann - 72299 
Webb, Natalie Elizabeth to Johnston, Natalie Elizabeth - 72300 
Truong, Xinh Van to Truong, Tom - 72304 
Cummings, Andrew Jeffrey to Jones, Andrew Jeffrey - 72306 
Campbell, Marty Eugene to Kostawich, Marty Eugene - 72361 
Latka-Hutt, Abbey Charlee Jessica to Latka, Abbey Charlee Jessica - 72373 
Uson, Romel Angelo to Aguinaldo, Romel Angelo - 72381 
Iram, Individual has only one name to Rizvi, Iram - 72385
February 16, 2012 
Shewakramani, Mukesh Santu to Mani, Kesh - 72239 
Kim, Bongjo to Kim, Richard - 72266 
Hadi, Ghassan to Alhassani, Ghassan - 72281 
Zykaj, Redjan to Zyka, Redi - 72282 
Zhang, Xiao Dong to Zhang, Don Xiaodong - 72369 
Zhang, Xiao Dong to Zhang, Grace Xiaodong - 72370 
Zhang, Sheng Xuan to Zhang, William Shengxuan - 72371
February 21, 2012 
Lennon, Christopher Mitchell to Lennon, Christopher Tomasso - 70158 
Ali, Rijsa to Ali, Rijja - 70937 
Lam, Phat Vinh to Lam, Dylan Vinh - 71912 
Chauhan, Kamini Kaushik to Chauhan, Kaminibahen Kaushikkumar - 72257 
Solanki, Dev Kaushik to Solanki, Dev Kaushikkumar - 72258 
Smith, Courtney Grace to Littlelight, Courtney Grace - 72316 
Scout-Littlelight, Natosi Makoi-Yohsokoyi to Littlelight, Julio Natosi Makoi - 72312 
Garza Garcia, Elsa Alejandra to Garza, Alejandra - 72313 
Zhang, Zhelin to Zhang, Chloe - 72315 
Singh, Sandeep to Dhillon, Sandeep Singh - 72321 
Unrau, Robert Gerald to Blandford, Robert Gerald - 72324 
Daignault, Robert Gordon to Zeviar, Zale - 72326 
Arabi Eter, Hekmat Riad to Arabi Eter, Rewa - 72327 
Jamora, Dominic Incierto to Macarine, Dominic Jamora - 72330 
Lemishka, Rodney Wayne Walter to Lemiske, Rodney Walter Wayne - 72331 
Raval Ujjaval, Girishbhai to Raval, Ujjaval Girishbhai - 72336 
Tandorost, Akam to Tandorost, Habib - 72357 
Pearson, Kathryn Michelle to Scott, Kathryn Michelle - 72358 
Rhoads, Leonard Michael to Johnson, Leonard Michael - 72364 
Rhoads, Michelle Rhoda Doreen to Johnson, Michelle Rhoda - 72365
February 23, 2012 
Thompson, Gail Marie to Thompson, Melanie Marie - 71206 
Gao, Yun to Gao, Cassie Yun - 71261 
Gebremeskel, Yosef Teweldebirhan to Gebremeskel, Biniam Teweldebrhan - 71497 
Mathison, Kimberley Vanc to Mathison, Kim Vanc - 71847 
Han, Xue to Han, Cathryn Xue - 71872 
Guti‚rrez-Jimenez, Ian Adrian to Gutierrez Jimenez, Ian Adrian - 71882 
Altaf, Muhammad Ali to Altaf, Ali - 71899 
Altaf, Aimn to Altaf, Aiman - 71900 
Oliver, Cody James to Webber, James Cody - 72118 
Day, James Peter Maxwell to Maxwell-Day, James Peter - 72133 
Crazy Bull, Sandra Catherine to Manyfeathers, Ahstanskiaki Sandra Catherine - 
72201 
Crazy Bull, Piita Sahkomapi Samuel Jace to Manyfeathers-O'Hara, Piita Samuel Jace 
- 72202 
Crazy Bull, Lorenzo Jayden to Manyfeathers-O'Hara, Iskimaatsis Lorenzo Jayden - 
72203 
O'Hara, Sage Christian to Manyfeathers-O'Hara, Iniskim Sage Christian - 72204 
Johnson, Nicholas Mervin to Coulson, Nicholas - 72277 
van Haaren-Kaddoura, Taleb Elijah to van Haaren, Taleb Elijah - 72284 
Shamvu, Mulago to Shamvu, Mulago Jean-Pierre - 72317 
Sun, Mingrui to Sun, Brian Mingrui - 72325 
Sushila Devi, Sushila to Siag, Sushila - 72366 
Brennan, Victoria Louise to McGuire, Victoria Louise - 72367 
Jafarimachekposht, Soheila to Jafari, Soheila - 72378 
Lavoie, Joseph Raymond Armand to Lavoie, Raymond Armand Joseph - 72386 
Tadesse, Mahlet Theodros to Abebe, Mahlet Tegegn - 72389 
Regaldo, James Christopher to Corvus, James Christopher - 72393 
Hour, Sophorn to Hour, Sophie - 72404 
Adam, Tracy Lee to Adam, Tracy Rose - 72424
February 24, 2012 
Lamoureux, Brittany Raye to Klassen, Brittany Raye - 71023 
Bazin, Ieuan Leslie Roger to Kares, Evan T. - 72334
February 29, 2012 
Osmond, Tucker Steven Nicholas to Gass-Osmond, Tucker Steven Nicholas - 71993
Sustainable Resource Development
Alberta Fishery Regulations, 1998
Notice of Variation Order 33-2011
Commercial Fishing Seasons
The close times and quotas set out in Schedule 8 to the Alberta Fishery Regulations in 
respect of the waters listed in the Schedule to this Notice have been varied by 
Variation Order 33-2011 by the Director of Fisheries Management in accordance with 
section 3 of the Alberta Fishery Regulations.
Where fishing with gill nets is permitted during an open season established by the 
Order, the gill net mesh size has been specified in the Order.
Pursuant to Variation Order 33-2011 commercial fishing is permitted in accordance 
with the following schedule.
SCHEDULE 
PART 1
Item - 1 
Column 1 Waters - In respect of: (44) Ipiatik Lake (73-7-W4) 
Column 2 Gear - Gill net not less than 140 mm mesh 
Column 3 Open Time - 08:00 hours March 23, 2012 to 16:00 hours March 25, 2012.
Column 4 Species and Quota - 1) Lake whitefish: 6,800 kg; 2) Walleye: 1 kg; 3) 
Yellow perch: 1 kg; 4) Northern pike: 2,000 kg; 5) Tullibee: 1 kg; 6) Lake trout: 1 kg.
_______________
Notice of Variation Order 34-2011
Commercial Fishing Seasons
The close times and quotas set out in Schedule 8 to the Alberta Fishery Regulations in 
respect of the waters listed in the Schedule to this Notice have been varied by 
Variation Order 34-2011 by the Director of Fisheries Management in accordance with 
section 3 of the Alberta Fishery Regulations.
Where fishing with gill nets is permitted during an open season established by the 
Order, the gill net mesh size has been specified in the Order.
Pursuant to Variation Order 34-2011 commercial fishing is permitted in accordance 
with the following schedule.
SCHEDULE 
PART 1
Item - 1 
Column 1 Waters - In respect of: (115) Unnamed Reservoir locally known as Tilley 
B Reservoir (18-12-W4) 
Column 2 Gear - Gill net not less than 140 mm mesh 
Column 3 Open Time - 08:00 hours February 27, 2012 to 16:00 hours March 11, 
2012.
Column 4 Species and Quota - 1) Lake whitefish: 36,400 kg; 2) Walleye: 250 kg; 3) 
Yellow perch: 1 kg; 4) Northern pike: 900 kg; 5) Tullibee: 1 kg; 6) Lake trout: 1 kg.
_______________
Notice of Variation Order 35-2011
Commercial Fishing Seasons
The close times and quotas set out in Schedule 8 to the Alberta Fishery Regulations in 
respect of the waters listed in the Schedule to this Notice have been varied by 
Variation Order 35-2011 by the Director of Fisheries Management in accordance with 
section 3 of the Alberta Fishery Regulations.
Where fishing with gill nets is permitted during an open season established by the 
Order, the gill net mesh size has been specified in the Order.
Pursuant to Variation Order 35-2011 commercial fishing is permitted in accordance 
with the following schedule.
SCHEDULE 
PART 1
Item - 1 
Column 1 Waters - In respect of: (54.1) Lac Ste. Anne (55-3-W5) -excluding that 
portion southeast of a line drawn from the water tower in Gunn Townsite to the point 
of land in 10-20-54-3-W5 
Column 2 Gear - Gill net not less than 140 mm mesh 
Column 3 Open Time - 08:00 hours March 5, 2012 to 16:00 hours March 16, 2012.
Column 4 Species and Quota - 1) Lake whitefish: 45,000 kg; 2) Walleye: 450 kg; 3) 
Yellow perch: 900 kg; 4) Northern pike: 550 kg; 5) Tullibee: 1 kg; 6) Lake trout: 1 
kg.
_______________
Notice of Variation Order 36-2011
Commercial Fishing Seasons
The close times and quotas set out in Schedule 8 to the Alberta Fishery Regulations in 
respect of the waters listed in the Schedule to this Notice have been varied by 
Variation Order 36-2011 by the Director of Fisheries Management in accordance with 
section 3 of the Alberta Fishery Regulations.
Where fishing with gill nets is permitted during an open season established by the 
Order, the gill net mesh size has been specified in the Order.
Pursuant to Variation Order 36-2011 commercial fishing is permitted in accordance 
with the following schedule.
SCHEDULE 
PART 1
Item - 1 
Column 1 Waters - In respect of: (54.1) Lac Ste. Anne (55-3-W5) -excluding that 
portion southeast of a line drawn from the water tower in Gunn Townsite to the point 
of land in 10-20-54-3-W5 
Column 2 Gear - Gill net not less than 140 mm mesh 
Column 3 Open Time - 08:00 hours March 5, 2012 to 16:00 hours March 19, 2012.
Column 4 Species and Quota - 1) Lake whitefish: 45,000 kg; 2) Walleye: 450 kg; 3) 
Yellow perch: 900 kg; 4) Northern pike: 550 kg; 5) Tullibee: 1 kg; 6) Lake trout: 1 
kg.
Transportation
Contract Increases Approved Pursuant to Treasury Board Directive 08/93
Contract No: 7387/10 
Contractor: Ledcor Alberta Limited 
Reason for Increase: This contract involved granular base course, asphalt concrete 
pavement and other work on Hwy. 88:16 from S. of Tall Creek IR to Bear River, and 
asphalt concrete pavement and other work on Hwy. 88:18 from Bear River to Ft. 
Vermilion.  The limits of the project were extended to surface the existing gravel 
connection between two communities and the paved highway network. 
Contract Amount: $17,987,569.75 
% Increase: 18.34 
Amount of Increase: $3,298,070.67 
Date Approved: April 28, 2010
Contract No: 7440/09 
Contractor: Standard General Inc. 
Reason for Increase: This contract involved grading, granular base course, asphalt 
concrete pavement, street lighting and other work at the Stoney Trail / Deerfoot Trail 
interchange in the City of Calgary.  Additional work was required for tunnel 
strengthening at a railroad crossing within the project limits; as well, there were 
quantity increases for other design adjustments. 
Contract Amount: $17,791,669.00 
% Increase: 12.10 
Amount of Increase: $2,151,950.85 
Date Approved: June 7, 2010
Contract No: 8062/10 
Contractor: Highline Electrical Constructors Ltd. 
Reason for Increase: This contract involved design, supply, build and commission 
highway lighting and other work at various intersections across the province.  
Another two intersections were added to the project to address safety concerns. 
Contract Amount: $545,095.00 
% Increase: 24.29 
Amount of Increase: $132,420.00 
Date Approved: December 13, 2010
Contract No: 10323 
Contractor: Carmacks Enterprises Ltd. 
Reason for Increase: This contract involved strip deck replacement and other work 
at bridges carrying Hwy. 763 over the Puswaskau River), carrying Hwy. 744 over the 
Little Smoky River, and carrying Hwy. 747 over Sweathouse Creek.  Additional work 
was required to address site conditions that were not fully apparent until the existing 
sub-decks were removed during construction. 
Contract Amount: $618,400.00 
% Increase: 26.90 
Amount of Increase: $166,379.00 
Date Approved: February 7, 2011
Contract No: 11560 
Contractor: Contour Earthmoving Ltd. 
Reason for Increase: This contract involved grading and other work at the Hwy. 
2A(MacLeod Tr.)/Hwy. 22X (Marquis of Lorne Tr. S.E.) interchange, in the City of 
Calgary.  Quantities of work increased to deal with route restrictions that arose. 
Contract Amount: $458,661.00 
% Increase: 30.68 
Amount of Increase: $140,705.71 
Date Approved: August 17, 2011
Contract No: 6959/10 
Contractor: Border Paving Ltd. 
Reason for Increase: This contract involved asphalt concrete pavement, sideslope 
improvement and other work on Hwy. 24:04 from Jct. Hwy. 22X to Jct. Hwy. 1.  An 
intersection improvement was added to the project. 
Contract Amount: $3,435,841.80 
% Increase: 14.65 
Amount of Increase: $503,313.39 
Date Approved: December 14, 2011


ADVERTISEMENTS
Irrigation District Notice
Enforcement Return
(Irrigation Districts Act)
St. Mary River Irrigation District
Notice is hereby given that the Court of Queen's Bench of the Judicial District of 
Lethbridge/Macleod has fixed Tuesday, May 8, 2012 as the day on which at 1:30 
p.m., the Court will sit at the Court House, Lethbridge, Alberta for the purpose of 
confirmation of the Enforcement Return for the St. Mary River Irrigation District 
covering rates assessed for the year 2010.
6-7	Tom Crooks, M. Ed., B. Admin., CHRP, General Manager.
_______________
Taber Irrigation District
Notice is hereby given that the Court of Queen's Bench of the Judicial District of 
Lethbridge has fixed Tuesday, May 8, 2012 as the day on which at the hour of 1:30 
p.m., the Court will sit at the Court House, Lethbridge, Alberta for the purpose of 
confirmation of the Rate Enforcement Return for the Taber Irrigation District 
covering rates assessed for the year 2010.
Dated at Taber, Alberta, March 1, 2012.
5-6	M. Kent Bullock, District Manager.
_______________
Western Irrigation District
Notice is hereby given that a Justice of the Court of Queen's Bench of Alberta has 
fixed Thursday, May 17, 2012 as the day on which, at the hour of 10:00 a.m., or so 
soon thereafter as the application can be heard, the Court will sit in Chambers, at the 
Court House, 601 - 5 Street S.W. in Calgary, Alberta, for the purpose of confirmation 
of the Enforcement Return for the Western Irrigation District covering rates assessed 
for the year 2010.
Dated at Strathmore, Alberta, March 1, 2012.
5-6	Erwin Braun, General Manager.


Notice of Certificate of Intent to Dissolve
(Business Corporations Act)
Notice is hereby given that a Certificate of Intent to Dissolve was issued to David A. 
Brinsmead Management Services Ltd. on February 28, 2012.
Dated at Calgary, Alberta on February 28, 2012.
Robert C. P. Smyth, Barrister, Solicitor, Notary Public.
_______________
Notice is hereby given that a Certificate of Intent to Dissolve was issued to Eejayz 
Apparel Inc. on March 14, 2012.
Dated at Whitecourt, Alberta on March 14, 2012.
Public Sale of Land
(Municipal Government Act)
Village of Donalda
Notice is hereby given that under the provisions of the Municipal Government Act, 
the Village of Donalda will offer for sale, by public auction, at the Village Office, 
5001 Main Street, Donalda, Alberta, on Friday, May 18, 2012, at 11:00 a.m., the 
following lands:
Lot
Block
Plan
8
8
7822154
13
12
2147AT
Each parcel will be offered for sale subject to a reserve bid and to the reservations and 
conditions contained in the existing Certificate of Title.
The Village of Donalda may, after the public auction, become the owner of any parcel 
of land not sold at the public auction.
Terms: Cash or Certified Cheque
Redemption may be effected by payment of all arrears of taxes and costs at any time 
prior to the sale.
Dated at Donalda, Alberta, March 5, 2012.
Joan Kapiniak, CAO.
County of Wetaskiwin No. 10
Notice is hereby given that under the provisions of the Municipal Government Act, 
the County of Wetaskiwin No. 10 will offer for sale, by public auction, in the County 
Office at Wetaskiwin, Alberta, on Friday, May 11, 2012, at 9:30 a.m., the following 
lands:
Roll #
Certificate of 
Title # or Linc #
Plan; Block; Lot
Mer
Rge
Twp
Sec
Parcel 
Size 
(Acres)
144423
072219205001
365MC; 5; 1
4
25
46
5 SW

149600
922299156

4
25
46
18 SW
1.00
233303
042010967

4
27
46
10 NE
.860
273120
062249551001
7621743; 1; 20
4
28
47
13 SW
9.26
274016
072672549
0728317; 2; 7
4
28
47
23 NE
4.00
286114
082257097
0824199; 1; 15
5
1
45
26 NE
1.38
294908
032266149
5205MC; ;2 PT 1
5
1
46
12 NE
.350
295638
082367542
0621183; 5; 6
5
1
46
13 SE
1.02
298900
062086519
0122727;  ;2
5
1
46
22 NE
43.24
330665
072133195
0122324; 51
5
2
47
12 SW

478923
972384688
3005KS; 3; 10
5
7
46
4 SW
.170
Each parcel will be offered for sale subject to a reserve bid and to the reservations and 
conditions contained in the existing Certificate of Title.
The County of Wetaskiwin No. 10 may, after the public auction, become the owner of 
any parcel of land not sold at the public auction.
Terms: 10% Cash Deposit and balance payable by cash or certified cheque within 48 
hours.
Redemption may be affected by payment of all arrears of taxes and costs at any time 
prior to the sale.
Dated at Wetaskiwin, Alberta, March 12, 2012.
Rod Hawken, Assistant County Administrator.







NOTICE TO ADVERTISERS
The Alberta Gazette is issued twice monthly, on the 15th and last day.
Notices and advertisements must be received ten full working days before the 
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Notices and advertisements should be typed or written legibly and on a sheet separate 
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Email submissions may be sent to the Editor of The Alberta Gazette at 
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Issue of
Earliest date on which 
sale may be held
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June 10


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June 15
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August 10


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August 24
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August 15
September 25
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October 11


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October 26
September 29
November 9
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