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Volume 46, No. 3

B.C. Reg. 40/2003

The British Columbia Gazette,

Part II

February 11, 2003

B.C. Reg. 40/2003, deposited February 6, 2003, pursuant to the SECURITIES ACT [Section 184]. Order of the British Columbia Securities Commission dated Februray 5, 2003.

The British Columbia Securities Commission orders that the attached amendments to the

Securities Rules, B.C. Reg. 194/97, are made. — D. HYNDMAN, British Columbia Securities Commission.

Schedule

Section 1 (1) of the Securities Rules, B.C. Reg. 194/97, is amended by adding the following definition:

"commodity pool" has the meaning ascribed to that term in National Instrument 81-104

Commodity Pools; .

Section 6 is amended

(

a) in subparagraph (2) (c) (

i) by striking out "in exchange contracts, forward contracts, or both" and substituting "in, or in any combination of, exchange contracts, forward contracts or commodity pools", and

(

b) in clause (2) (c) (ii) (

B) by striking out "in the securities of mutual funds" and substituting "in, or in any combination of, the securities of a mutual fund, scholarship plan or trust, or an educational plan or trust".

Section 13 is amended by striking out "renew" and substituting ", renew or reinstate".

Section 60 (2) (

b) is amended by striking out "an adviser," and substituting ", a portfolio manager or investment counsel,".

Section 65 is amended by striking out "or adviser" and substituting ", portfolio manager or investment counsel".

Section 66 is amended

(

a) in subsection (1) by striking out "or adviser" and substituting ", portfolio manager or investment counsel",

(

b) in subsection (2) by striking out "or adviser" and substituting ", portfolio manager or investment counsel", and

(

c) by repealing subsection (3) and substituting the following:

(3) The executive director may permit more than 4 registered individuals to carry on business in a branch office without a branch manager if

(

a) one or more of the individuals carries on business on a part-time basis, or

(

b) the executive director is satisfied that a branch manager in another branch office is able to ensure that the branch office without a branch manager complies with the Act and the regulations.

Section 67 is repealed and the following substituted:

67 Unless earlier suspended or canceled and subject to

section 36(1) of the Act, registration expires on December 31 of the year in which the registration was granted, renewed or reinstated.

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