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Volume 52, No. 18

B.C. Reg. 225/2009

The British Columbia Gazette,

Part II

September 22, 2009

B.C. Reg. 225/2009 , deposited September 17, 2009, pursuant to the SECURITIES ACT [Section 183]. Order in Council 488/2009, approved and ordered September 16, 2009.

On the recommendation of the undersigned, the Lieutenant Governor, by and with the advice and consent of the Executive Council, orders that, effective September 28, 2009, the Securities Regulation, B.C. Reg. 196/97, is amended as set out in the attached Schedule.

— C. HANSEN, Minister of Finance ; K. HEED, Presiding Member of the Executive Council .

Schedule

Section 1 of the Securities Regulation, B.C. Reg. 196/97, is amended

(

a) in the definition of " MTN Program " by striking out " NI 44-102 " and substituting " National Instrument 44-102 Shelf Distributions ",

(

b) by repealing the following

definitions:

"NI 44-102"

"NI 44-103"

"NI 51-102"

"NI 81-102"

"NI 81-106" , and

(

c) in the definition of " PREP prospectus " by striking out " NI 44-103 " and substituting " National Instrument 44-103 Post-Receipt Pricing ".

Section 22 is amended by repealing item 1 and substituting the following:

(1) (

a) Subject to paragraphs (

b) and (c), for seeking or maintaining registration in any of

the following:

(

i) any category of dealer;

(ii)

any category of adviser;

(iii)

the category of investment fund manager.

(

b) If a person is seeking or maintaining registration in more than one category, only the highest applicable fee under paragraph (

a) is payable.

(

c) If a person is already registered and is seeking registration in one or more additional categories, the fee is the greater of the following:

(

i) the highest fee under paragraph (

a) for the categories applied for minus any fees already paid for maintaining registration during the calendar year, and

(ii)

$2 500

$1 500

$1 200

(2) For seeking or maintaining registration in one or more of the following categories:

(

a) dealing representative;

(

b) advising representative;

(

c) associate advising representative.

$250

(3) A fee for maintaining registration for a calendar year must be paid on or before December 31 of the previous calendar year.

Section 22 is amended by repealing items 2 to

Section 22 is amended in item 8 by

(

a) striking out " underwriter " in both instances and substituting " investment fund manager ", and

(

b) striking out " the Rules " and substituting " National Instrument 31-103 Registration Requirements ".

Section 22 is amended in item 9 by

(

a) striking out " NI 44-102 " and substituting " National Instrument 44-102 Shelf Distributions ", and

(

b) striking out " NI 44-103 " and substituting " National Instrument 44-103 Post-Receipt Pricing ".

Section 22 is amended in item 14 by striking out " 74 (2) (7) of the Act " and substituting " 2.1 of National Instrument 45-106 Prospectus and Registration Exemptions ".

Section 22 is amended in item 16 by repealing subsections (1) (

a) and (2).

Section 22 is amended in items 17 and 18 by striking out " NI 51-102 or NI 81-106 " and substituting " National Instrument 51-102 Continuous Disclosure Obligations or National Instrument 81-106 Investment Fund Continuous Disclosure ".

Section 23 is repealed.

Section 24 is amended by

(

a) striking out " NI 44-102 " wherever it appears and substituting " National Instrument 44-102 Shelf Distributions ", and

(

b) striking out " NI 44-103 " and substituting " National Instrument 44-103 Post-Receipt Pricing ".

Section 28 is repealed.

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