21-501 - Recognition of exchanges, self regulatory bodies, and jurisdictions [BCI - Rescinded]

The British Columbia Securities Commission, considering that do so would not be prejudicial to the public interest, orders that, effective April 22, 2004:

1.     the attached BC Instrument 21-501 “Recognition of exchanges, self regulatory bodies, and jurisdictions” is made; and

2.     BC Instrument 21-501 “Recognition of exchanges, self regulatory bodies, and jurisdictions”, published on August 28, 2003 and effective September 1, 2003, is revoked.

April 22, 2004

Adrienne Salvail-Lopez

Vice Chair

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(This part is for administrative purposes only and is not part of the Order)

Authority under which Order is made:

Act and sections:- Securities Act, sections 1(1), 46(a)(ii), 59(2), 75(b)(i), 75(b)(ii), 98(1)(a), 98(1)(e)(ii), 99(e), 99(h)(iii)

Other (specify):-Securities Rules, section 89(d)(ii); National Instruments 21-101Marketplace Operations, 23-101Trading Rulesand 32-101Small Securityholder Selling and Purchase Arrangements

BC Instrument 21-501

Recognition of exchanges, self regulatory bodies, and jurisdictions

(Previously BOR 91/6, BOR 22-501, LPS 21-601, BCI 21-501 effective June 29, 2001, BCI 21-501 effective December 1, 2001 and BCI 21-501 effective September 1, 2003)

Application

1.     In this BC Instrument, the Commission recognizes exchanges, self regulatory bodies, and jurisdictions for the purposes of:

(a)       sections 1(1), 46(a)(ii), 59(2), 75(b)(i), 75(b)(ii), 98(1)(a), 98(1)(e)(ii), 99(e), and 99(h)(iii) of the Securities Act (the Act);

(b)      section 89(d)(ii) of the Securities Rules (the Rules);

(c)       National Instrument 21-101 Marketplace Operation;

(d)      National Instrument 23-101 Trading Rules; and

(e)       National Instrument 32-101 Small Securityholder Selling and Purchase Arrangements.

Recognition and designation of exchanges for various purposes

2.     The Commission:

(a)       recognizes the TSX Venture Exchange (TSX Venture) for the purpose of the definition of “exchange issuer” in section 1(1) of the Act,

(b)      recognizes the exchanges listed in Schedule A under section 59(2) of the Act,

(c)       recognizes the TSX Venture, the Toronto Stock Exchange Inc. (TSX) and the Bourse de Montréal Inc. (BdM) for the purposes of sections 75(b)(i) and (ii),

(d)      recognizes the TSX Venture and the TSX for the purposes of sections 98(1)(a), and 99(e) of the Act,

(e)       recognizes the TSX Venture for the purpose of section 89(d)(ii) of the Rules,

(f)        recognizes the TSX and the BdM for the purpose of National Instrument 21-101 Marketplace Operation and National Instrument 23-101 Trading Rules, and

(g)       designates the TSX Venture as an exchange for the purpose of National Instrument 32-101 Small Securityholder Selling and Purchase Agreements.

Recognition of Jurisdictions

3.     For the purpose of section 46(a)(ii) of the Act, the Commission recognizes:

(a)       the United States of America, its states and territories, the District of Columbia; and

(b)      the United Kingdom.

4.     For the purposes of sections 98(1)(e)(iii) and 99(h)(iii) of the Act, the Commission recognizes:

(a)       Alberta, Saskatchewan, Manitoba, Ontario, Québec, Nova Scotia, and Newfoundland;

(b)      the United States of America, where the bid complies with, and is not exempt from, the requirements of the Securities Exchange Act of 1934 of the United States; and

(c)       the United Kingdom of Great Britain and Northern Ireland, where the bid complies with, and is not exempt from, the requirements of the rules of The City Code on Take-overs and Mergers.

Schedule A - Exchanges recognized under section 59(2) of the Act

Australia

Australian Stock Exchange

Sydney Futures Exchange

Canada

BdM

Winnipeg Commodity Exchange

Europe

Euronext.liffe, comprising the Amsterdam, Brussels, LIFFE, Lisbon and Paris derivatives markets

Germany/Switzerland

Eurex

Hong Kong

Hong Kong Futures Exchange

Japan

Osaka Securities Exchange

Tokyo Stock Exchange

Tokyo International Financial Futures Exchange (TIFFE)

Singapore

Singapore Exchange (SGX)

South Africa

SAFEX

United Kingdom

International Petroleum Exchange of London (IPE)

London International Financial Future and Options Exchange (LIFFE)

London Metal Exchange (LME)

United States

American Stock Exchange

Boston Stock Exchange (BSE) and its facility, the Boston Options Exchange (BOX)

BrokerTec Futures Exchange (BTEX)

CBOE Futures Exchange, LLC (CFE)

Chicago Board Options Exchange (CBOE)

Chicago Board of Trade (CBOT)

Chicago Mercantile Exchange (CME)

International Securities Exchange (ISE)

Kansas City Board of Trade (KBOT)

Merchants’ Exchange

Minneapolis Grain Exchange (MGE)

NQLX LLC (NQLX)

New York Board of Trade and its divisions

·       the New York Cotton Exchange (NYCE)

·       the Coffee, Sugar & Cocoa Exchange (CSCE)

·       the New York Futures Exchange (NYFE)

·       FINEX

New York Mercantile Exchange (NYMEX/COMEX)

New York Stock Exchange

OneChicago (OCX)

Pacific Exchange Incorporated

Philadelphia Board of Trade

Philadelphia Stock Exchange

The Island Futures Exchange (IFLX)