Synergy Asset Management Inc.

Order

IN THE MATTER OF

THE SECURITIES ACT

R.S.O. 1990, CHAPTER S.5, AS AMENDED (The "Act")

 

AND

 

IN THE MATTER OF

SYNERGY ASSET MANAGEMENT INC.

 

ORDER

(Subsection 127(1) of the Act)

 

WHEREAS SYNERGY ASSET MANAGEMENT INC. ("SYNERGY") is registered as a Mutual Fund Dealer and Investment Counsel and Portfolio Manager pursuant to section 26 of the Act;

 

AND WHEREAS SYNERGY, by application dated January 30, 2001, applied for voluntary surrender of SYNERGY's registration as Mutual Fund Dealer pursuant to section 27 of the Act and consented to the suspension of SYNERGY's registration as Mutual Fund Dealer in accordance with Ontario Securities Commission Rule 33-501 - Surrender of Registration. SYNERGY continues to be registered as an Investment Counsel and Portfolio Manager;

 

AND WHEREAS on January 30, 2001 SYNERGY represented that it has ceased to carry on registerable activities as a Mutual Fund Dealer;

 

AND UPON the undersigned Director being of the opinion that it is in the public interest;

 

IT IS ORDERED pursuant to subsection 127(1) of the Act that the registration of SYNERGY as Mutual Fund Dealer is suspended until such time as the Commission accepts SYNERGY's voluntary surrender of registration pursuant to 27 of the Act.

 

February 1, 2001.

 

Gina G. Sugden