51-502A - Transitional Orders Relating To Former Alberta Stock Exchange Issuers That Are "New Exchange Issuers" [BCI - Rescinded]
| Published Date: | 2000-10-20 |
|---|---|
| Effective Date: | 2000-09-29 |
| Rescinded Date: | 2001-06-30 |
BRITISH COLUMBIA SECURITIES COMMISSION
BLANKET ORDER 51-502A (BC)
The British Columbia Securities Commission, having considered that to do so would not be prejudicial to the public interest, orders, effective September 29, 2000, that Blanket Order 51-502A (BC) entitled “Transitional Orders Relating To Former Alberta Stock Exchange Issuers That Are “New Exchange Issuers”” is issued as set out in the attached Schedule.
DATED at Vancouver, British Columbia, on October 18, 2000.
Douglas M. Hyndman
Chair
(This part for administrative purposes only and is not part of the Order)
Authority under which Order is made:
Act and sections:- Securities Act, section 91
Other (specify):-
SCHEDULE
BLANKET ORDER
TRANSITIONAL ORDERS RELATING TO FORMER ALBERTA STOCK EXCHANGE ISSUERS THAT ARE “NEW EXCHANGE ISSUERS”
Orders Under Section 91 of the Securities Act
Definition of New Exchange Issuer
1. In this Blanket Order, “New Exchange Issuer” means a CDNX-ASE Issuer that
(a) is a reporting issuer under Alberta Securities Laws;
(b) is an exchange issuer under section 1(1) of the Act; and
(c) since the date of the Merger has not filed with the Commission a notice pursuant to BOR#51-501 (BC) irrevocably electing to be treated as an exchange issuer under the Act.
Interpretation
2. Unless otherwise defined in this Blanket Order, terms used in this Blanket Order that are defined or interpreted in
(a) the Act or Rules should be read in accordance with the Act or Rules; and
(b) BOR#51-502 (BC) should be read in accordance with BOR#51-502 (BC).
Quarterly Report
3. Under Section 91 of the Act, a New Exchange Issuer is exempt from the requirements of section 152 of the Rules and the requirements of section 149 of the Rules respecting quarterly reports during the New Transition Period.
Personal Information Form
4. Under section 91 of the Act, persons who are or become directors or officers of a New Exchange Issuer are exempt from the requirements of section 90 of the Act during the New Transition Period.