BOR 97/13 - Filing Forms 20 Reports by Facsimile [Rescinded]

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

AND

IN THE MATTER OF FILING FORMS 20 REPORTS BY FACSIMILE

Order Under Section 76

WHEREAS section 139 of the Securities Rules, R.B.C. Reg. 194/97 requires that where an issuer distributes a security under certain prospectus exemptions provided for in the Securities Act, R.S.B.C. 1996, c. 418 or the Rules, the issuer must file a report in the required form, which is a Form 20, on or before the 10th day after the distribution of the security;

AND WHEREAS a Form 20 may also be required to be filed in accordance with the terms of an order made under section 76 of the Act;

AND WHEREAS section 189 of the Rules requires that Forms 20 be manually signed;

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

IT IS ORDERED under section 76 of the Act, that where an issuer distributes a security and is required to file a Form 20 under section 139 of the Rules, or in accordance with the terms of an order made under section 76 of the Act the issuer is exempt from filing the original of a manually signed Form 20 provided that:

a) the issuer files a copy of the manually signed Form 20 by facsimile with the British Columbia Securities Commission; and

b) the issuer retains the original Form 20 that it has filed with the Commission under this blanket order for a period of six years from the date of the filing.

DATED at Vancouver, British Columbia, on December 23, 1997.