NIN 99/12 - Non-Compliant Registered Firms under National Instrument 33-106 [NIN - Rescinded]

The Canadian Securities Administrators are publishing concurrently with this notice Canadian Securities Administrators Staff Notice 33-302 entitled "National Instrument 33-106 Non-Compliant Registered Firms and Possible Terms and Conditions" (the "CSA Staff Notice").

The CSA Staff Notice advises that staff of certain CSA members are publishing on a periodic basis, including concurrently with the CSA Staff Notice, and to the extent applicable, lists of registered firms in their individual jurisdictions that have failed to comply with National Instrument 33-106 entitled "Year 2000 Preparation Reporting" (the "National Instrument"). The National Instrument was adopted by members of the CSA in October 1998 and imposes requirements on registered firms to file, on a periodic basis, information with the regulator relating to their preparations for the Year 2000 Problem.

Following a review of filings made, staff of the Commission are publishing a list of non-compliant registered firms under the National Instrument. The list sets out the name of the British Columbia registered firms that have not made some or all of the required filings under the National Instrument. The list will also be made available on the Commission’s Year 2000 webpage at www.bcsc.bc.ca and will be updated on a periodic basis.

The purpose of the list is not to comment on the state of Year 2000 preparedness of any of the firms listed but rather to advise the public that these firms have not made the required filings under the National Instrument.

The CSA Staff Notice also advises that staff of each relevant jurisdiction are prepared to start imposing terms and conditions of registration on, or taking disciplinary action against, registered firms whose names appear on the lists of non-compliant firms published by them and provides possible terms and conditions that may be imposed on these firms unless they file the required documents, completed in accordance with the National Instrument, within 10 business days from the date of publication of the lists.

Staff of the Commission advise that they are prepared to start imposing terms and conditions of registration on British Columbia registered firms whose names appear on the attached list unless they file the required documents, completed in accordance with the National Instrument, by April 30, 1999. Staff refer registered firms to the list of possible terms and conditions set out in the CSA Staff Notice.

DATED at Vancouver, British Columbia, on April 14, 1999

Wayne W. Redwick
Acting Executive Director

Failure to file both Initial Survey and Second Management Certificate:
Name of Registered Firms:

SGY Asset Management (Singapore) Limited

Failure to file Initial Survey only:
Name of Registered Firms:

James P Marshall, Inc
Roxbury Capital Management, LLC
The Investment Centre Financial Corp.
United Investment Counsel Inc

Failure to file Second Management Certificate only:
Name of Registered Firms:

Advantage Investment Services Corp
Bonavista Asset Management
Connor Financial Corporation
Foresight Capital Corporation
Genesis Asset Managers Limited
Global Strategic Management
Gryphis Financial Consultants Inc
Hansberger Global Investors, Inc
Harold T. Hope Investment Services Inc
HCL Derivatives Inc
INDAGO Capital Management Inc
Institutional Capital Corporation
JD Stanley Futures Inc
K.M. Harris Capital Management Ltd
Legacy Communications Inc
Leon Tuey Inc
Matisse Investment Counsel Ltd
McGinnis Management Ltd
Meyers Investment Services Inc
Navellier & Associates
Rice Financial Group Inc
Royal Advent Securities Corporation

Failure to make any filings:
Name of Registered Firm:

Insync Securities Limited


April 14, 1999