33-512 - Exemption for foreign advisers from the NRD account requirements [BCI - Rescinded]

British Columbia Securities Commission

BC Instrument 33-512

The Executive Director, having considered it to be in the public interest, orders that effective immediately the attached BC Instrument 33-512 entitled “Exemption for foreign advisers from the NRD account requirements” is made.

November 19, 2003

L.E. Evans, C.A.

Director, Capital Markets Regulation

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(This part is for administrative purposes only and is not part of the Order)

Authority under which Order is made:

Part 6 of Multilateral Instrument 31-102 National Registration Database

BC Instrument 33-512

Exemption for foreign advisers from the NRD account requirements

Exemption under section 6.1 of Multilateral Instrument 31-102
National Registration Database (MI 31-102)

A person that is applying for registration as an adviser, or who is registered as an adviser, under the securities legislation of British Columbia is exempt from the NRD account requirements of MI 31-102, provided that it:

(a)       does not have an office in Canada;

(b)      makes acceptable arrangements with the NRD administrator for the payment of NRD fees;

(c)       makes acceptable arrangements with the Commission for the payment of all fees it is required to pay under the securities legislation that would have been paid from its NRD account; and

(d)      is not registered in another category to which the NRD account requirements apply.