Notice

Non-Resident Registrants General Exemption Order Amended

General Ruling/Order 35-901 Non-Resident Registrants ("GRO 35-901") grants exemptions to dealers and advisers from the requirement to maintain an business office and books and records in Saskatchewan.

On November 8, 2001 the Director made the following amendments to GRO 35-901:

• Part 3 grants mutual fund dealers an exemption from the business office and the books and records requirements on condition, among other things, that they sell in-house mutual funds. The restriction to selling in-house mutual funds in Part 3 has been removed. However, the condition that salespersons are paid salary only and receive no commissions or any other remuneration still applies.
  
• The exemptions in Part 4 now applies to all domestic advisers including securities advisers. The exemptions in Part 4 used to be restricted to investment counsel and/or portfolio managers.

November 8, 2001

Contact:

Leah Fichter
Deputy Director, Registration
(306) 787-5876

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