Skip Navigation
Securities Law

NIN 96/02 - Rule Making Procedure Regulation [NIN - Rescinded]

Published Date: 1996-01-12
Effective Date: 1996-01-11
The Commission is publishing the Rule Making Procedure Regulation (the "Regulation"), which took effect on January 1, 1996, by B.C. Reg. 497/95. A copy of B.C. Reg. 497/95 is attached.

The Regulation sets out the procedure that the Commission must follow when making a rule under section 159.1 of the Act. The procedure involves obtaining prior ministerial approval in principle (section 2 of the Regulation), publication of the proposed rule for comment (section 3(1)), republication of the rule if, as a result of comments received, the Commission is of the opinion that the changes alter the rule in a material way (section 4(b)), obtaining ministerial consent to the rule in final form (section 5(1)), and republication of the rule in final form (section 7). A procedure exists for the Commission to make rules on an urgent basis without publication for comment under section 159.1(7) of the Act (section 6); such rules are automatically revoked 275 days after being made (section 6(4)).

DATED at Vancouver, British Columbia, on January 11, 1996.

Douglas M. Hyndman

see hard copy for B.C Reg. 497/95 and Rule Making Procedure Regulation