Notice of Commission Approval: Blanket Permission - International Offerings Made By Way of Private Placement in Ontario - Subsection 38(3) of the Securities Act (Ontario); for explanation see 23 OSCB 6208

 

NOTICE OF COMMISSION APPROVAL OF AMENDMENTS TO RULES EXTENDING THEEXPIRATION DATE FROM DECEMBER 31, 2000 TO DECEMBER 31, 2001 AND FROMJULY 1, 2001 TO JULY 1, 2002 AND COMMISSION INTENTION TO ALLOWLAPSING OF SOME DEEMED RULES

The Commission is publishing in today's Bulletin amendments to the followingRules and Notices respecting the amendments, for the purpose of extending theexpiration date of these Rules from December 31, 2000 to December 31, 2001and from July 1, 2001 to July 1, 2002:

1. In the Matter of Certain Reporting Issuers [including National PolicyStatement No. 41 (1997), 20 OSCB 1219, as amended by (1999), 22 OSCB 152and (2000), 23 OSCB 288;

2. In the Matter of Certain Reporting Issuers (1997), 20 OSCB 1218 and 1219,as amended by (1999), 22 OSCB 151 and (2000), 23 OSCB 289 (3 rules); and

3. In the Matter of Regulation 1015, R.R.O. 1990, as amended, and In theMatter of Certain International Offerings by Private Placement in Ontario (1997),20 OSCB 1219, as amended by (1998), 21 OSCB 4211 and (1999), 22 OSCB3900.

The Notices and the amendments to the Rules are published in Chapter 5 of theBulletin.

The Commission also intends to allow the following former deemed rules tolapse upon their expiration date:

1. In the Matter of the Limitations on a Registrant Underwriting Securities of aRelated Issuer or Connected Issuer of the Registrant (1997), 20 OSCB 1217, asamended by (1999), 22 OSCB 149 and (2000), 23 OSCB 285; expiresDecember 31, 2000; for explanation see accompanying notice.

2. Blanket Permission - International Offerings Made By Way of PrivatePlacement in Ontario - Subsection 38(3) of the Securities Act (Ontario) (1997),20 OSCB 1219, as amended by (1998), 21 OSCB 4211 and (1999), 22 OSCB3900; expires July 1, 2001; for explanation see 23 OSCB 6208.

Reference:

Kathleen Finlay
Manager, Project Office
Ontario Securities Commission
(416) 593-8125

Randy Hahn
Project Coordinator, Project Office
Ontario Securities Commission
(416) 595-8943