1.1 In this Rule a term that is defined or interpreted in the Securities Act has the meaning ascribed to it in that Act.
Non-British Columbia Offerings by Canadian Issuers
1.2 An issuer incorporated under the laws of Canada, or a province or territory of Canada, that files a prospectus in respect of a distribution of securities made in compliance with the reciprocal Multijurisdictional Disclosure System adopted by the Securities and Exchange Commission of the United States of America, as amended from time to time, is exempt from subsection 5.9 (1) of National Instrument 41-101 if that prospectus is not used for a distribution of securities in British Columbia.
1.3 This Rule comes into force on November 1, 1998.
[Amended March 17, 2008]