44-801 - Implementing National Instrument 44-101 Short Form Prospectus Distributions [IR - Rescinded]
| Published Date: | 2000-12-22 |
|---|---|
| Effective Date: | 2000-12-31 |
| Rescinded Date: | 2005-12-30 |
1. Interpretation
In this Rule:
(a) “Act” means the Securities Act;
(b) “NI 44-101” means National Instrument 44-101 Short Form Prospectus Distributions;
(c) a term that is defined or interpreted in the Act has the meaning ascribed to it in the Act.
2. Application
The exemptions established under this Rule are in addition to those established under NI 44-101.
3. Preliminary Short Form Prospectus and Short Form Prospectus
Sections 68 and 69 of the Act do not apply to a distribution of securities made in compliance with NI 44-101.
5. Receipts(1) Sections 2, 111, 112, 114, 118 and 119 of the Securities Rules do not apply to a distribution of securities made in compliance with NI 44-101.
(2) The requirements in section 149 of the Securities Rules with respect to concurrently(a) sending the comparative audited annual financial statements referred to in section 145 of the Securities Rules, and
(b) filing a written confirmation that those financial statements were sent,
do not apply to an issuer if
(c) the issuer complies with NI 44-101,
(d) the issuer has filed comparative audited annual financial statements in accordance with NI 44-101, and
(e) on or before the 140th day after the end of its latest financial year, the issuer sends the comparative audited annual financial statements to each holder in British Columbia of its securities, other than holders of debt instruments.
Section 120(3)(d) of the Securities Rules does not apply to a distribution of securities made in compliance with NI 44-101.