45-527 - Exemptions for certain supranational agencies [BCI- Rescinded]
| Published Date: | 2006-04-28 |
|---|---|
| Effective Date: | 2006-04-28 |
| Rescinded Date: | 2009-09-28 |
| Document(s): |
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The Commission, considering it would not be prejudicial to the public interest to do so, orders that, effective April 28, 2006, the attached BC Instrument 45-527 entitled Exemptions for certain supranational agencies is made.
April 28, 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: Sections 48 and 76 of the Securities Act
Other (specify):
BC Instrument 45-527
Exemptions for certain supranational agencies
Order under Sections 48 and 76 of the Securities Act
Interpretation
1. In this instrument,
“debt security” means a bond, debenture, note or similar instrument representing indebtedness, whether secured or unsecured; and
“supranational agency” means
(i) the bank, established by the Agreement Establishing the African Development Bank which came into force on September 10, 1964, that Canada became a member of on December 30, 1982,
(ii) the bank, established by the Agreement Establishing the Caribbean Development Bank which came into force on January 26, 1970, as amended, that Canada is a founding member of, and
(iii) the bank, established by the Agreement Establishing the European Bank for Reconstruction and Development and approved by the European Bank for Reconstruction and Development Agreement Act (Canada), that Canada is a founding member of.
2. Terms defined in National Instrument 14-101 Definitions have the same meaning in this instrument.
Registration and prospectus exemption
3. The dealer registration requirement does not apply in respect of a trade in a debt security of or guaranteed by a supranational agency if the debt securities are payable in the currency of Canada or the United States of America.
4. The prospectus requirement does not apply to a distribution of a security in the circumstances referred to in section 3.