BOR 91/06 - The Recognition of Certain Countries and Political Divisions of Countries Issuing Bonds, Debentures or Other Evidence of Indebtedness [Rescinded]

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

IN THE MATTER OF THE RECOGNITION OF CERTAIN COUNTRIES AND POLITICAL DIVISIONS OF COUNTRIES ISSUING BONDS, DEBENTURES OR OTHER EVIDENCE OF INDEBTEDNESS

Recognition Order under Section 32(a)(i.1)

WHEREAS effective July 1, 1991, the British Columbia Securities Act, S.B.C. 1985, c. 83 (the "Act") provides an exemption for a trade in bonds, debentures or other evidence of indebtedness of or guaranteed by a country, or a political division of a country, recognized by the Commission for the purpose of section 32(a)(i.1) of the Act;

AND WHEREAS it is expedient for the Commission to recognize, for the purpose of section 32(a)(i.1) of the Act, those countries and political divisions of countries that are currently referred to in section 32(a)(i) of the Act;

AND WHEREAS the Commission considers that to do so would not be prejudicial to the public interest;

IT IS ORDERED, effective July 1, 1991, under section 32(a)(i.1) of the Act that the following countries and political divisions of countries be recognized:

1. the United States of America;

2. a state of the United States of America;

3. the District of Columbia in the United States of America;

4. the territories of Puerto Rico and the Virgin Islands of the United States of America; and

5. the United Kingdom.

DATED at Vancouver, British Columbia, on June 6, 1991.

REF: NIN#91/8