Securities Law

BCN 2005/54 - BC Instrument 45-525 Exemption for distribution reinvestment plans [BCN - Lapsed]

Published Date: 2005-11-18
Rescinded Date: 2012-05-31

Concurrently Published:

The Commission has issued BC Instrument 45-525 Exemption for distribution reinvestment plans to provide an exemption from the dealer registration and prospectus requirements for dividend or distribution reinvestment plans. This is an alternative to the one provided in section 2.2 of National Instrument 45-106 Prospectus and Registration Exemptions (NI 45-106). We understand that section 2.2 of NI 45-106 cannot be used for plans that issue securities of a different class or series than those to which the dividends or distributions are attributable. Most of the other Canadian jurisdictions who have adopted NI 45-106 have issued or will be issuing similar blanket orders.

Questions

Your may refer questions to:

Leslie Rose
Senior Legal Counsel
Capital Markets Regulation
British Columbia Securities Commission
604-899-6654
1-800-373-6393 (in BC and Alberta)
lrose@bcsc.bc.ca 

November 18, 2005

Douglas M. Hyndman
Chair 

Ref:     BC Instrument 45-525 Exemption for distribution reinvestment plans
            
National Instrument 45-106 Prospectus and Registration Exemptions

This Notice may refer to other documents. These documents can be found at the B.C. Securities Commission public website at www.bcsc.bc.ca in the section Securities Law & Policy: Policies & Instruments.