33-501 - Cold Calling by Members of Self Regulatory Bodies [BCI - Rescinded]
| Published Date: | 2000-01-28 |
|---|---|
| Effective Date: | 2000-01-26 |
| Rescinded Date: | 2001-10-26 |
The British Columbia Securities Commission, having considered that to do so would not be prejudicial to the public interest, orders that Blanket Order 33-501 (BC) entitled "Cold Calling by Members of Self Regulatory Bodies" is issued as set out in the attached Schedule.
DATED at Vancouver, British Columbia, on January 26, 2000.
Douglas M. Hyndman
Chair
(This part for administrative purposes only and is not part of the Order)
Authority under which Order is made:
Act and sections:- Securities Act, section 49(5)
Other (specify):-
SCHEDULE
BLANKET ORDER 33-501 (BC)
COLD CALLING BY MEMBERS OF SELF REGULATORY BODIES
Order Under Section 49(5) of the Securities Act
PART 1 EXEMPTION ORDER
1.1 The restrictions on a person attending at or telephoning to any residence, as set out in section 49(2) of the Act, do not apply to a dealer that is a member of a self regulatory body recognized under section 24(1) of the Act or to an individual registered to trade securities, exchange contracts or both on behalf of the dealer.
1.2 Despite section 1.1, the Executive Director may, by order, suspend, cancel, restrict or impose conditions upon the right of any registrant or class of registrants named or described in the order to
(a) attend at any residence, or
(b) telephone from inside British Columbia to any residence inside or outside British Columbia
for the purpose of trading in a security or exchange contract or any class of security or exchange contract.
PART 2 OPPORTUNITY TO BE HEARD
The Executive Director shall not make an order under section 1.2 without giving the registrant or class of registrants an opportunity to be heard.
PART 3 EFFECTIVE DATE
This Blanket Order comes into effect on January 26, 2000.