BOR 96/04 - The Revocation of BOR#89/2 [Rescinded]

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

AND

IN THE MATTER OF THE REVOCATION OF BOR#89/2

Revocation Order Under Section 153 of the Securities Act

WHEREAS on March 17, 1989, the Commission issued BOR#89/2 to provide an exemption from the requirement under section 141 of the Securities Regulation, B.C. Reg. 270/86 (the "Old Regulation") that a reporting issuer that is obligated to file an interim financial statement under section 135 of the Old Regulation is required to concurrently send it to each holder of its securities, other than holders of debt instruments, whose latest address as shown on the books of the reporting issuer is in British Columbia;

AND WHEREAS the Lieutenant Governor in Council, by B.C. Reg. 479/95, ordered, among other things, effective January 1, 1996, that

(a) the Old Regulation is repealed; and

(b) the regulation entitled the "Securities Rules" (the "Rules"), attached to B.C. Reg. 479/95, is made and is designated to be a rule of the Commission;

AND WHEREAS on March 14, 1996, the Commission issued BOR#96/3 to replace BOR#89/2 and expand it to exempt issuers from the new requirement in the Rules to deliver quarterly reports to all registered security holders;

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

EFFECTIVE March 14, 1996, IT IS ORDERED under section 153 of the Securities Act, S.B.C. 1985, c. 83, that BOR#89/2 is revoked.

DATED at Vancouver, British Columbia, on March 14, 1996.

Douglas M. Hyndman
Chair

Reference: BOR#89/2
BOR#96/3