81-505 - First Renewal Prospectuses Filed by Mutual Funds Under National Policy Statement 36 Mutual Funds - Simplified Prospectus Disclosure System [BCI - Rescinded]

Published Date:	2001-06-20
Effective Date:	2001-06-30
Rescinded Date:	2001-12-31

The British Columbia Securities Commission, having considered that to do so would not be prejudicial to the public interest, orders, effective June 30, 2001, that:

1. the attached BC Instrument 81-505 entitled "First Renewal Prospectuses Filed by Mutual Funds Under National Policy Statement 36 Mutual Funds - Simplified Prospectus Disclosure System" is made; and

2. BOR 91/10 is revoked.


June 19, 2001

Brent W. Aitken
Member

(This part for administrative purposes only and is not part of the Order)Authority under which Order is made:
Act and sections:- Securities Act, section 76
Other (specify):-



BC INSTRUMENT 81-505

First Renewal Prospectuses Filed by Mutual Funds Under National Policy Statement 36Mutual Funds - Simplified Prospectus Disclosure System

Order Under Section 76 of the Securities Act


Defined terms
1. In this order and for the purposes of section 70(3) and (4) of the Act, "lapse date" means the date 12 months from the date of the first simplified prospectus.

Exemption
2. Section 70(2) of the Act does not apply to a trade in a security of a mutual fund to which National Policy Statement 36 Mutual Funds - Simplified Prospectus Disclosure System applies, provided that the fund does not distribute a security under the first simplified prospectus after the lapse date, except in compliance with section 70(3) of the Act.

Lapse date of this instrument
3. This instrument will lapse on December 31, 2001.