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Securities Law

48-501 - Distribution Period For Firm Commitment Underwritings [BCI - Rescinded]

Published Date: 1999-12-24
Effective Date: 2000-01-01
Rescinded Date: 2008-03-17
The Executive Director being satisfied that there is sufficient justification, issues Blanket Order 48-501 (BC) entitled Distribution Period for Firm Commitment Underwritings as set out in the attached Schedule.

DATED at Vancouver, British Columbia, on December 22, 1999.

Steve Wilson
Executive Director

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

Authority under which Order is made:
Act and sections:- Securities Rules, section 120(6)
Other (specify):-



SCHEDULE

Permission Under Section 120(6) of the Securities Rules

Exemption order

1. The Executive Director waives the provision in section 120(3)(d) of the Securities Rules that the Executive Director must not issue a receipt in the circumstances set out in that section, provided that the prospectus indicates that the securities are to be taken up by the underwriter, if at all, on or before a date not later than six weeks from the date on which the final receipt is issued.

Effective date

2.This Blanket Order is effective January 1, 2000.