BOR 96/18 - Transitional Relief Relating to Transactions Between a Mutual Fund and Its Responsible Persons [Rescinded]
| Published Date: | 1996-10-11 |
|---|---|
| Effective Date: | 1996-10-10 |
IN THE MATTER OF THE SECURITIES ACT S.B.C. 1985, c. 83
AND
IN THE MATTER OF TRANSITIONAL RELIEF RELATING TO TRANSACTIONS BETWEEN A MUTUAL FUND AND ITS RESPONSIBLE PERSONS
Revocation Order Under Section 153
WHEREAS effective January 1, 1996, section 110.1 of the Securities Act, S.B.C. 1985, c. 83 (the "Act") includes new requirements applicable to related party transactions of mutual funds and their responsible persons;
AND WHEREAS the Commission has issued BOR#95/13 providing relief from section 110.1(1)(b) for transactions involving certain debt securities;
AND WHEREAS the Commission has received comments on the pricing requirements set out in BOR#95/13 and has issued for comment under NIN#96/22 a draft blanket order with an alternative pricing requirement;
AND WHEREAS BOR#95/8, BOR#96/6, BOR#96/11 and BOR#96/13 provide transitional relief to allow market participants a period of time to adjust to the new requirements under section 110.1 of the Act and to allow Commission staff to consider comments on the alternative pricing requirement;
AND WHEREAS the Commission has issued BOR#96/17 that contains the alternative pricing requirement as a replacement for BOR#95/13;
AND WHEREAS the Commission considers that to do so would not be prejudicial to the public interest;
IT IS ORDERED under section 153 of the Act that BOR#95/13 be revoked effective December 31, 1996.
DATED at Vancouver, British Columbia, on October 10, 1996.
Douglas M. Hyndman
Chair
REF: BOR#95/8
BOR#95/13|
BOR#96/6
BOR#96/11
BOR#96/13
BOR#96/17
NIN#96/22