On May 4, 2006, the Director of the Securities
Division of the Saskatchewan Financial Services Commission made
General Ruling/Order 45-915 Exemptions for Certain
Supranational Agencies (GRO 45-915).
GRO 45-915 grants an exemption from the dealer
registration and prospectus requirements for trades in debt
security of or guaranteed by the African Development Bank, the
Caribbean Development Bank and the European Bank for
Reconstruction and Development. These agencies are not permitted
supranational agencies as defined in section 2.34 of NI 45-106 and
can not rely on the exemption in section 2.34 of NI 45-106.
It is similar to the exemptive relief provided by
securities regulators of other jurisdictions where NI 45-106 was
implemented.
May 4, 2006
Contact:
Dean Murrison
Deputy Director, Legal and Registration
Securities Division
Saskatchewan Financial Services Commission
(306) 787- 5879
dmurrison@sfsc.gov.sk.ca
