81-503 - First Renewal Prospectuses Filed By Mutual Funds Under National Instrument 81-101 Mutual Fund Prospectus Disclosure [BCI - Rescinded]

Published Date:	2000-03-24
Effective Date:	2000-03-24
Rescinded Date:	2003-12-24

The British Columbia Securities Commission, having considered that to do so would not be prejudicial to the public interest, orders that Blanket Order 81-503 (BC) entitled “First Renewal Prospectuses Filed by Mutual Funds Under National Instrument 81-101 Mutual Fund Prospectus Disclosure” is issued as set out in the attached Schedule.

DATED at Vancouver, British Columbia, on March 22, 2000.

Joyce C. Maykut, Q.C.
Vice Chair

(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):-

PART 1 EXEMPTION ORDER

1.1 Interpretation - In this blanket 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.

1.2 Exemption - Section 70(2) of the Act does not apply to a trade in a security of a mutual fund to which National Instrument 81-101 Mutual Fund Prospectus Disclosure applies, provided that the fund does not distribute a security under the first simplified prospectus after 12 months from the date of the first simplified prospectus, except in compliance with section 70(3) of the Act.


PART 2 EFFECTIVE DATE

2.1 This Blanket Order comes into effect on March 24, 2000.