BOR 97/05 - The Revocation of BOR#95/12 [Rescinded]

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

AND

IN THE MATTER OF THE REVOCATION OF BOR#95/12

Revocation Order Under Section 153 of the Securities Act

WHEREAS on December 21, 1995 the Commission issued BOR#95/12, which provided limited exemptions from the registration and prospectus requirements of the Securities Act, S.B.C. 1985, c. 83 (the "Act") where a trust company or insurer authorized to carry on business, or a portfolio manager registered or exempted from registration, under the laws of a province or territory of Canada other than British Columbia ("Canadian trust company", "Canadian insurer" and "Canadian portfolio manager", respectively) purchased a security as agent or trustee for fully managed accounts;

AND WHEREAS on March 4, 1997 the Commission issued BOR#97/4 which provides, among other things, exemptions from the registration and prospectus requirements of the Act where a Canadian trust company, Canadian insurer or Canadian portfolio manager purchases a security in the circumstances set out in BOR#95/12, and in certain additional circumstances;

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#95/12 is revoked.

DATED at Vancouver, British Columbia, on March 4, 1997.

Douglas M. Hyndman
Chair