45-526 - Removal of exemptions for rights offerings [BCI - Rescinded]
| Published Date: | 2006-02-14 |
|---|---|
| Effective Date: | 2006-02-13 |
| Rescinded Date: | 2009-09-28 |
| Document(s): |
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Concurrently Published:
The Commission, having considered it in the public interest to do so, orders that, effective February 13, 2006, the attached BC Instrument 45-526 entitled Removal of exemptions for rights offerings is made.
February 13, 2006
Brent W. Aitken
Vice-Chair
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(This part is for administrative purposes only and is not part of the Order)
Authority under which Order is made:
Act and sections: Section 187(b) of the Securities Act
Other (specify):
BC Instrument 45-526
Removal of exemptions for rights offerings
Order Under Section 187(b) of the Securities Act
Interpretation
1. In this instrument, “NI 45-106” means National Instrument 45-106 Prospectus and Registration Exemptions.
2. Terms defined in the Securities Act or National Instrument 14-101 Definitions have the same meaning in this instrument.
Removal of exemption
3. The exemptions in section 2.1 of NI 45-106 from the dealer registration requirement and prospectus requirement do not apply to an issuer if the executive director has objected in writing to the trade within 10 days of receiving the notice referred in paragraph 2.1(1)(a) of NI 45-106, unless
(a) the issuer has delivered to the executive director information relating to the securities that is satisfactory to the executive director, and
(b) the executive director accepts the information.