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Securities Law

NIN 99/56 - Revocation of BOR#94/1 and BOR#98/10 [NIN - Rescinded]

Published Date: 2000-01-07
Effective Date: 1999-12-30
Effective June 29, 1999, the Securities Amendment Act, 1999 came into effect, which amended section 61 of the Act to no longer require that "a receipt be obtained from the Executive Director" (see NIN#99/17 and NIN#99/27). As a result, by BOR#99/6, the Commission has revoked BOR#94/1 and BOR#98/10, which had provided relief from the requirement to obtain a receipt from the Executive Director.

Sections 7.7 and 10.8 of National Policy 43-201 Mutual Reliance Review System for Prospectuses and Annual Information Forms ("NP 43-201") indicate that certain non-principal regulators will issue their own decision documents (see NIN#99/42). In British Columbia, the Executive Director will continue the existing practice of not issuing a local decision document under the Mutual Reliance Review System ("MRRS") when it comes into effect on January 1, 2000. When an MRRS decision document refers to British Columbia, filers are entitled to rely on the MRRS decision document that the principal regulator issues to evidence that the Executive Director has issued a receipt for a prospectus.

DATED at Vancouver, British Columbia, on December 30, 1999.

Roy Wares

Ref: BOR#94/1
NP 43-201

This NIN refers to other documents. These documents can be found at the B.C. Securities Commission public website atwww.bcsc.bc.cain the Policy Documents Database.