Concept Proposal - Extension of Testing: 12-401 - National Application System

NATIONAL APPLICATION SYSTEM
CONCEPT PROPOSAL 12-401
Extension of Testing

In January, 1998 the Canadian Securities Administrators (the "CSA") published a request for comments with respect to the National Application System which included a concept proposal for the system. At the same time the CSA indicated that it would immediately commence testing of the system based on the concept proposal.


The comments period ended on June 1, 1998 but the CSA has extended the testing of the system until further notice.


Law firms participating in testing the system may continue to use the system by following the procedures set out in the concept proposal.


Testing of the system was also extended to all types of applications for exemptive relief on June 15, 1998. As of that date law firms participating in testing the system may make any application for relief under the system except those applications where the granting of a registration certificate or the issuing of a prospectus receipt has traditionally granted the relief.


The CSA National Application System Committee will review the comments received and the experience gained from testing to date and report to the CSA. It is expected a policy for the system will be prepared and published for comments in September, 1998.


Questions and/or requests to participate in the testing of the system may be referred to any of the members of the committee:

Margaret Sheehy
British Columbia Securities Commission
865 Hornby Street, 2nd Floor
Vancouver, British Columbia V6Z 2H4
Telephone: (604) 899-6650 / (604) 899-6642
Fax: (604) 899-6700
e-mail: [email protected]


Marsha Manolescu
Alberta Securities Commission
19th Floor, 10025 Jasper Avenue
Edmonton Alberta T5J 3Z5
Telephone: (403) 422-1914
Fax: (403) 422-0777
e-mail: [email protected]


Dean Murrison, Committee Chairperson
Saskatchewan Securities Commission
800, 1920 Broad Street
Regina, Saskatchewan S4P 3V7
Telephone: 306-787-5879
Fax: 306-787-5899
e-mail: [email protected]


Douglas Brown
Manitoba Securities Commission
1130 - 405 Broadway
Winnipeg, Manitoba R3C 3L6
Telephone: (204) 945-0605
Fax: (204) 945-0330
e-mail: [email protected]


Margo Paul
Ontario Securities Commission
20 Queen Street West, Suite 800 Box 55
Toronto, Ontario M5H 3S8
Telephone: (416) 593-8136
Fax: (416) 593-8244
e-mail: [email protected]


Sylvie Lalonde
Commission des valeurs mobilières du Québec
Tour de la Bourse
C.P. 246, 17th Floor
Montréal, Québec H4Z 1G3
Telephone: (514) 873-5009 ext.328
Fax: (514) 873-3090
e-mail: [email protected]


Shirley Lee Nova Scotia Securities Commission
1690 Hollis Street
P.O. Box 458
Halifax, Nova Scotia B3J 3J9
Telephone: (902) 424-5441
Fax: (902) 424-4625
e-mail: [email protected]