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Securities Law

NIN 95/49 - Specification of Offering Documents Requiring Written Underwriting Procedures and Registration as an Underwriter [NIN - Rescinded]

Published Date: 1995-12-08
Effective Date: 1995-12-07
Effective January 1, 1996, the Securities Rules, B.C. Reg. 479/95, will be brought into force (see NIN#95/41). Sections 45(1) and 87 of the Securities Rules authorize the Executive Director to specify offering documents which, when used with relation to a distribution of securities, require, respectively, written prudent business procedures or other safeguards underwriting distributors of and registration as an underwriter.

No offering documents are specified under sections 45(1) or 87 of the Securities Rules at this time. However, issuers and market participants are reminded, where a distribution is made by special warrant in reliance upon an exemption from registration and prospectus requirements and subsequently qualified by prospectus, that the prospectus qualifying the special warrants is subject to the same requirements as any any distribution made by way of prospectus.

DATED at Vancouver, British Columbia, on December 7, 1995.

Dean E. Holley
Superintendent of Brokers

Ref.No.: NIN#95/41