BOR 98/13 - The Revocation of BOR#91/7 [Rescinded]

IN THE MATTER OF THE SECURITIES ACT R.S.B.C. 1996, c. 418

AND

IN THE MATTER OF THE REVOCATION OF BOR#91/7

Revocation Orders Under Section 171 of the Securities Act

WHEREAS effective July 1, 1991 the Commission adopted National Policy Statement No. 45 entitled "The Multijurisdictional Disclosure System" ("NP 45");

AND WHEREAS effective July 1, 1991 the Commission and the (then) Superintendent of Brokers issued BOR#91/7 to provide exemptions from certain requirements of the Securities Act, S.B.C. 1985, c. 83 (now the Securities Act, R.S.B.C. 1996, 418) and the Securities Regulation, B.C. Reg. 270/86 (now the Securities Regulation, B.C. Reg. 196/97 and the Securities Rules, B.C. Reg. 194/97) necessary to implement NP 45;

AND WHEREAS on June 16, 1993 the (then) Superintendent of Brokers issued BOR#93/3 to provide exemptions from certain requirements of the Company Act, R.S.B.C. 1979, c. 59 (now the Company Act, R.S.B.C. 1996, c. 62) to facilitate cross-border securities transactions under NP 45;

AND WHEREAS effective November 1, 1998 the Commission made a rule referred to as National Instrument 71-101 and entitled "The Multijurisdictional Disclosure System" ("NI 71-101"), and adopted Companion Policy 71-101CP to National Instrument 71-101 (the "Companion Policy");

AND WHEREAS effective November 1, 1998 the Commission also made Rule 71-801 entitled "Implementing the Multijurisdictional Disclosure System under National Instrument 71-101" ("Rule 71-801") and Rule 71-802 entitled "Distributions Outside of British Columbia Under the United States Multijurisdictional Disclosure System" ("Rule 71-802");

AND WHEREAS effective November 1, 1998 NP 45 will be revoked and replaced by NI 71-101 and the Companion Policy, Rule 71-801 and Rule 71-802 will replace BOR#91/7 and BOR#98/14 will replace BOR#98/3;

AND WHEREAS the Commission and the executive director consider that to do so would not be prejudicial to the public interest;

IT IS ORDERED, effective November 1, 1998, under section 171 of the Securities Act that BOR#91/7 is revoked;

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

IT IS ORDERED, effective November 1, 1998, under section 171 of the Securities Act that BOR#93/3 is revoked.

DATED at Vancouver, British Columbia, on October 21, 1998.

Reference: NPS No. 45
NI 71-101
Companion Policy 71-101CP
Rule 71-801
Rule 71-802
BOR#91/7
BOR#93/3
BOR#98/14