Notice

Amendments to General Ruling/Order 11-901 Recognition Order

 On September 5, 2003, the Saskatchewan Financial Services Commission amended General Ruling/Order 11-901 Recognition Order (“GRO 11-901”).  GRO 11-901 sets out recognitions by the Commission under various provisions of The Securities Act, 1988. 

The amendments relate to the recognition of exchanges outside of Saskatchewan for the purpose of section 41 of The Securities Act, 1988.  Subsection 41(1) prohibits a registrant from trading in an exchange contract on behalf of another person or company on an exchange outside of Saskatchewan unless the Commission recognizes the exchange in writing. 

GRO 11-901 was amended to reflect name changes and mergers as well as new exchanges in the United States.  They are regulated under the Commodity Exchange Act by either the Commodity Futures Trading Commission or the Securities Exchange Commission.   Several other exchanges outside the United States have also been recognized.  These exchange are regulated in their home jurisdictions under regulatory regimes similar to those in Canada and the United States.   

The British Columbia Securities Commission and Alberta Securities Commission have made similar amendments to their recognition orders.    

September 8, 2003

Contact:

Barbara Shourounis
Director
Securities Division
Saskatchewan Financial Services Commission
(306) 787-5842
bshourounis@sfsc.gov.sk.ca