For Immediate Release
February 4, 2005

Securities Regulators Publish Internal Control and Certification Rules for Comment

Toronto – The Canadian Securities Administrators (CSA), with the exception of the British Columbia Securities Commission, has published instruments setting out proposed internal control measures for TSX listed issuers and modifying certification requirements for all publicly traded issuers.

The objective of the proposals is to improve the quality and reliability of financial statements and other continuous disclosure by reporting issuers. The CSA believe that this in turn will help to maintain and enhance investor confidence in the integrity of our capital markets.

Copies of the proposed instruments and explanatory staff notice are available on several CSA members’ web sites. Comments on the proposals are requested by June 6, 2005.

The CSA, the council of the securities regulators of Canada’s provinces and territories, coordinates and harmonizes regulation for the Canadian capital markets.

Eric Pelletier
Ontario Securities Commission
416-595-8913
Joni Delaurier
Alberta Securities Commission
403-297-4481
Philippe Roy
L'Autorité des marchés financiers
(514) 940-2176