BOR 95/04 - The Form 12A and Form 14A Summary Prospectus Disclosure System [Rescinded]

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

AND

IN THE MATTER OF THE FORM 12A AND FORM 14A SUMMARY PROSPECTUS DISCLOSURE SYSTEM

Revocation Order Under Section 153 of the Act

WHEREAS on July 27, 1995, the Commission issued (1) NIN#95/31 introducing amendments to Part 11 of Local Policy Statement 3-02 - Prospectus Filing Requirements ("LPS 3-02"), to expand the Summary Prospectus Disclosure System to make it available to natural resource issuers permitted to file a Form 14A prospectus as well as junior industrial issuers permitted to file a Form 12A prospectus, and (2) BOR#95/3 implementing the amendments to LPS 3-02;

AND WHEREAS BOR#95/1, dated January 5, 1995 was issued to provide certain exemptions for distribution of securities in compliance with the Form 12A Summary Prospectus Disclosure System set out in Part 11 of LPS 3-02;

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

EFFECTIVE AUGUST 1, 1995, IT IS ORDERED under section 153 of the Securities Act S.B.C. 1985, c.83, as amended, that BOR#95/1 is revoked, except for a distribution where

(a) the preliminary Form 12A summary prospectus, and base disclosure document is filed in accordance with BOR#95/1 before August 1, 1995, and

(b) the distribution is completed on or before December 31, 1996.

DATED at Vancouver, British Columbia, on July 27, 1995.

Douglas M. Hyndman
Chair

References: LPS 3-02
Form 12A
Form 14A
BOR#95/1
BOR#95/3