12-201 - Mutual Reliance Review System for Exemptive Relief Applications [NP - Rescinded]

Canadian Securities Administrators Notice

Updated Schedule A to National Policy 12-201
Mutual Reliance Review System for
Exemptive Relief Applications (the System)

Dated: August 6, 2004

Introduction
Part 11 of National Policy 12-201 deals with MRRS decision documents. According to Part 11.2, the MRRS decision document will be in the form of Schedule A. The CSA have decided to replace Schedule A with a plain language version that is easier to read and understand. The amendments to Schedule A do not make any material changes to the Policy. The new Schedule A comes into effect August 6, 2004. Applications that are currently in the System will not be affected by the replacement.

Schedule A
The text of the updated Schedule A follows and can also be found on the securities commission websites listed below:

• www.albertasecurities.com
• www.bcsc.bc.ca
• www.lautorite.qc.ca
• www.msc.gov.mb.ca
• www.gov.ns.ca/nssc/
• www.osc.gov.on.ca
• www.sfsc.gov.sk.ca

Questions
Please refer your questions to any of:

Noreen Bent
British Columbia Securities Commission
Telephone: (604) 899-6741 or (800) 373-6393 (in B.C.)
e-mail: nbent@bcsc.bc.ca

Marsha Manolescu
Alberta Securities Commission
Telephone: (403) 297-2091
e-mail: Marsha.Manolescu@seccom.ab.ca

Dean Murrison
Saskatchewan Financial Services Commission
Telephone: (306) 787-5879
e-mail: dmurrison@sfsc.gov.sk.ca

Chris Besko
The Manitoba Securities Commission
Telephone: (204) 945-2561
e-mail: cbesko@gov.mb.ca

Paul Hayward
Ontario Securities Commission
Telephone: (416) 593-3657
e-mail: phayward@osc.gov.on.ca

Rhonda Goldberg
Ontario Securities Commission
Telephone: (416) 593-3682
e-mail: rgoldberg@osc.gov.on.ca

Sylvie Lalonde
Autorité des marchés financiers
Telephone: (514) 395-0337 ext. 2408
e-mail: sylvie.lalonde@lautorite.qc.ca

Josée Deslauriers
Autorité des marchés financiers
Telephone: (514) 395-0337 ext. 4371
e-mail: josee.deslauriers@lautorite.qc.ca

Shirley Lee
Nova Scotia Securities Commission
Telephone: (902) 424-5441
e-mail: leesp@gov.ns.ca

Schedule A

[Citation:[neutral citation] [Date of decision document]]<sup>1

1The citation and date of decision will be completed by staff after the opt-out period has expired</sup>

In the Matter of
the Securities Legislation
of [names of jurisdictions participating in this decision document (the Jurisdictions)]

and

In the Matter of
the Mutual Reliance Review System for Exemptive Relief Applications

and

In the Matter of[name(s) of filer(s) and relevant parties,
including definitions as required, collectively, the Filer]

MRRS Decision Document

Background
The local securities regulatory authority or regulator (the Decision Maker) in each of the Jurisdictions has received an application from the Filer(s) for a decision under the securities legislation of the Jurisdictions (the Legislation) for [describe the requested relief (the Requested Relief) in words following the examples below - do not use statutory references - include defined terms as necessary:

• an exemption from the dealer registration requirement and the prospectus requirements of the Legislation
• a waiver from the valuation requirements of the Legislation
• that the Filer is deemed to have ceased to be a reporting issuer]

Under the Mutual Reliance Review System for Exemptive Relief Applications
(a) the [name of the principal regulator] is the principal regulator for this application, and
(b) this MRRS decision document evidences the decision of each Decision Maker.

Interpretation
Defined terms contained in National Instrument 14-101 Definitions have the same meaning in this decision unless they are defined in this decision. [add additional definitions here]

Representations
This decision is based on the following facts represented by the Filer(s):

[Insert material representations necessary to explain why the Decision Makers came to this decision and include the location of the Filer’s head office. Do not use statutory references. It may be appropriate to refer to national or multilateral instruments.]

Decision
Each of the Decision Makers is satisfied that the test contained in the Legislation that provides the Decision Maker with the jurisdiction to make the decision has been met.

The decision of the Decision Makers under the Legislation is that the Requested Relief is granted provided that:
[Insert numbered terms and conditions. These should be generic and without statutory references to the Legislation of the Jurisdictions where this application was filed

If the effective date of any head of relief differs from the date of the decision document, state here. For example, designating an issuer to be a reporting issuer as of the closing of transaction]

(Name(s) of Decision Maker(s))


(Title)


(Name of Principal Regulator)

(justify signature block)