45-701 - Meaning of "Fully Managed" Accounts [BCIN- Rescinded]
Published Date: | 2000-12-22 |
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Effective Date: | 2000-12-20 |
Rescinded Date: | 2009-09-28 |
An account is “fully managed” by a trust company, insurer or portfolio manager if it makes the investment decisions for the account and has full discretion to purchase or sell securities for the account without requiring the client’s express consent to a transaction.
DATED at Vancouver, British Columbia, on December 20, 2000.
Douglas M. Hyndman
Chair
Ref: Securities Act, sections 43(1), 74(1)
BCI#45-504
This Interpretation Note may refer to other documents. These documents can be found at the B.C. Securities Commission public website at www.bcsc.bc.ca in the Commission Documents database or the Historical Documents database.