BOR 88/02 - The Definition of "Exchange Issuer" [Rescinded]

IN THE MATTER OF THE SECURITIES ACT S.B.C. 1985, c.83 AND

IN THE MATTER OF THE DEFINITION OF "EXCHANGE ISSUER"

ORDER UNDER SECTION 1(1)

WHEREAS effective September 1, 1988, the definition of "exchange issuer" in section 1 of the Securities Act, S.B.C. 1985, c.83 (the "Act"), provides for the recognition of stock exchanges for the purpose of the definition;

AND WHEREAS effective September 1, 1988, Local Policy Statement 3-44 dated August 12, 1988 provides that the British Columbia Securities Commission (the "Commission") recognizes the Vancouver Stock Exchange for the purpose of the definition of "exchange issuer";

AND WHEREAS effective September 1, 1988, under the definition of "exchange issuer" in section 1 of the Act the Commission may make an order excluding an issuer or a class of issuers for the purpose of the definition;

AND WHEREAS the Commission intends that those issuers whose securities are listed on the Vancouver Stock Exchange, but are not listed or quoted on any other stock exchange or trading or quotation system in Canada, should be "exchange issuers";

IT IS ORDERED effective September 1, 1988, that all issuers whose securities are listed on the Vancouver Stock Exchange and are listed or quoted on any other stock exchange or trading or quotation system in Canada are not included in the definition of "exchange issuer" in section l(l) of the Act.

DATED at Vancouver, British Columbia, this 12th day of August, 1988.

REF: Local Policy Statement 3-44