91-503 - Contracts Providing For Physical Delivery of Commodities [BCI - Rescinded]
Published Date: | 1999-11-26 |
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Effective Date: | 1999-11-24 |
Rescinded Date: | 2020-03-27 |
Document(s): |
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DATED at Vancouver, British Columbia, on November 24, 1999.
Douglas M. Hyndman
Chair
(This part for administrative purposes only and is not part of the Order)
Act and sections:- Securities Act, section 3.1
Other (specify):-
SCHEDULE
BLANKET ORDER 91-503 (BC)
CONTRACTS PROVIDING FOR PHYSICAL DELIVERY OF COMMODITIES
Order Under Section 3.1
CONTRACTS PROVIDING FOR PHYSICAL DELIVERY OF COMMODITIES
Order Under Section 3.1
PART 1 EXEMPTION ORDER
For the purposes of the Act and the regulations, a contract that
(a) is not an exchange contract,
(b) contains an obligation to make or take future physical delivery of a commodity, and
(c) does not allow for cash settlement in place of physical delivery
is not a futures contract, provided that the contract is not otherwise a security under the Act.
PART 2 EFFECTIVE DATE
This Blanket Order comes into effect on November 24, 1999.