Saskatchewan General Rulings and Orders

Implementing Orders

Recognition, Approval, and Designation Orders

General Exemption Orders
 

Implementing Orders
24-801	General Exemption Order	Extension of Transitional Phase-In Period in NI 24-101	In effect June 30, 2008	Defers the current July 1, 2008 effective date in NI 24-101 for the midnight on the T matching requirement to July 10, 2010 and extends the transitional phase-in period for the registrant exception reporting requirement by an additional 24 months.
31-801	Implementing Order	Implementing National Registration Database	Feb 12, 2002	Exempts certain Saskatchewan based firms from complying with MI 31-102 National Registration Database.
32-801	Implementing  Order	Suspension of LI 32-501 Deposit Agents	December 5, 2005.  Amended Feb 13, 2006.  Amended October 1, 2006	Suspends the implementation of LI 32-501 indefinitely.
45-801	Implementing Order	Implementing Multilateral Instrument 45-102 Resale of Securities	Nov 30, 2001	Grants exemptions necessary to implement Multilateral Instrument 45-102.  Also amends prior Commission rulings to substitute the resale rules in MI 45-102 for the resale rules in the rulings.
71-801	Implementing Order	Multijurisdictional Disclosure System	July 3, 1991.	Implements the Multijurisdictional Disclosure System under National Policy 45.

TOP OF PAGE Recognition, Approval, and Designation Orders
11-901	General Recognition Order	Recognition Order	In effect July 7, 1998. Amended September 5, 2003,  March 15, 2004,  September 14, 2005, May 29, 2006, and February 15, 2008.	Sets out the Commission's recognition of certain exchanges, jurisdictions and self-regulatory organizations under certain provisions of the Act.
11-902	Recognition Order	Recognition of the Investment Dealers Association of Canada	In effect July 17, 2000. Amended April 17, 2003. Amended and restated June 1, 2008	Recognizes the Investment Dealers Association of Canada as a self-regulatory organization, subject to certain conditions.
11-903	Recognition Order	Recognition of the Mutual Fund Dealers Association of Canada	In effect Feb 13, 2001 Amended and restated on April 16, 2004. Amended November 9, 2006.	Recognizes the Mutual Fund Dealers Association of Canada as a self-regulatory organization, subject to certain terms and conditions.
11-703	Saskatchewan Staff Notice	Amendment to GRO 11-903 Recognition of MFDA to extend suspension of MFDA Rule 2.4.1	In effect November 20, 2006	Gives notice that GRO 11-903 Recognition of the MFDA was amended to extend the suspension of MFDA Rule 2.4.1 from December 31, 2006 to December 31, 2008.
11-904	Approval Order	Approval of the Canadian Investor Protection Fund	In effect September 13, 2002	Approves the Canadian Investor Protection Fund pursuant to section 23(1) of The Securities Regulations on certain conditions.
11-905	Approval Order	Approval of the Mutual Fund Dealers Association Investor Protection Corporation	In effect May 12, 2005. Amended August 28, 2006.	Approves the MFDA Investor Protection Corporation pursuant to section 23(1) of The Securities Regulations on certain conditions.
11-906	Specification Order	Offering Memorandum Specification Order	In effect June 1, 2006.  Amended May 9, 2008.	Specifies the documents that are not offering memoranda pursuant to subclause 2(1)(ff)(ii) of the Act.
11-907	Designation Order	Designation Order Pursuant to Section 11.1	In effect June 1, 2006	Designates Type B corporations under The Labour-sponsored Venture Capital Corporations Act not to be mutual funds or non-redeemable investment funds.
11-908	Designation Order	Designation Order Pursuant to clause 2(1)(ww), subsection 45(3) and clause 138.1(2)(b)	In effect July 6, 2007	Designates trades in securities for the purposes of: the definition of "underwriter" in clause 2(1)(ww); a registered dealer's disclosure requirements in section 45; and the right of action for misrepresentation in advertising or sales literature in section 138.1.
11-909	Designation Order	Designation Order Pursuant to Section 173.4 of The Securities Regulations	In effect February 15, 2008	For the purposes of clauses 136.1(b) and (c) of the Act, specifies the exempt distributions and take-over bids and issuer bids that Part XVIII.1 (Civil Liability for Secondary Market Disclosure) applies to.
11-910	Designation Order	Designation Order Pursuant to Clause 138.1(2)(b) of The Securities Act, 1988	In effect February 15, 2008	Designates certain exemptions for the purposes of clause 138.1(2)(b) of the Act.
11-911	Recognition Order	Recognition of the Investment Industry Regulatory Organization of Canada Memorandum of Understanding and Joint Rule Review Protocol	In effect June 1, 2008	Recognizes the Investment Industry Regulatory Organization of Canada as a self-regulatory organization, subject to certain conditions.
11-912	Authorization Order	Assignment of Registration to Investment Industry Regulatory Organization of Canada	In effect October 1, 2008	Authorizes Investment Industry Regulatory Organization of Canada (IRROC) to administer the registration provisions of the Act and regulations  respecting IIROC member firms and their representatives.
General Exemption Orders
21-901	General Exemption Order	Market Facilitation Activities by Issuers in Their Own Securities	September 7, 2005	Grants the necessary exemptions to permit an issuer to carry out certain activities that facilitate trades in its own securities.
31-902	General Exemption Order	Saskatchewan Small Business Security Issuers	July 7, 1998.  Amended June 8, 2002.	Varies certain registration requirements for certain securities issuers.
33-901	General Exemption Order	Suitability Requirements	July 12, 2001	Exempts members of the Investment Dealers Association of Canada from the suitability requirements if they comply with certain IDA requirements.
33-905	General Exemption Order	Exemption from Certain Provisions of Section 15 of Local Instrument 32-502 Requirements for Sale of Certain Securities	Feb 23, 2005	Exempts managers doing a suitability review of a labour-sponsored venture fund security required by section 15 of Local Instrument 32-502 from the requirement to complete the Partners', Directors' and Officers' Examination if they have completed the Branch Managers' Course.
35-901	General Exemption Order	Non-Resident Registrants	May 1, 2000. Amended August 28, 2001, November 8, 2001,  August 19, 2003 and Feb 23, 2005	Exempts investment dealers and mutual fund dealers from the requirement to maintain a business office and books and records in Saskatchewan on certain conditions. Also exempts domestic advisers and international advisers from the same requirements on certain conditions.
43-901	General Exemption Order	Trade Unions Which Sponsor Labor Sponsored Venture Capital Corporations	Feb 5, 1997.	Exempts trade unions which sponsor labour sponsored ventures capital offerings from signing the prospectus certificate on certain conditions.
45-901	General Exemption Order	Self-Directed Registered Education Savings Plans	Oct 24, 1990.	Grants registration and prospectus exemption to self-directed education savings plans approved under the Income Tax Act.
45-902	General Exemption Order	Introduction Exemptions for Certain Trades by and to Labor-sponsored Venture Capital Corporations	Sept 23, 1992.  Amended and restated January 5, 2005	Grants registration and prospectus exemptions to facilitate labour-sponsored venture capital offerings on certain conditions.
45-906	General Exemption Order	Rulings granted under Saskatchewan Policy Statement 45-601 - "Community Ventures - Section 83 Rulings" and Resale Restrictions in those Rulings	July 17, 1997.	Varies rulings granted to date under the Community Venture policy to relax the resale restrictions on securities acquired under those rulings.
45-912	General Exemption Order	Exemption for Co-operatives and Credit Unions	September 14, 2005	Grants prospectus and registration exemptions to co-operatives and credit unions that issue securities in accordance with The Co-operative Act and The Credit Union Act, 1998.
45-913	General Exemption Order	Exemptions for Capital Accumulation Plans	October 21, 2005	Grants exemptions to permit trades in securities of a mutual fund to a capital accumulation plan or to a member of a capital accumulation plan on certain conditions.
45-914	General Exemption Order	Exemptions for Reinvestment Plans	November 25, 2005	Grants on exemption from the dealer registration and prospectus requirements for trades of securities under dividend and distribution reinvestment plans.  Is similar to the exemption in section 2.2 of NI 45-106 without the restriction that the securities traded must be of the same class that the dividend or distribution was paid on.
45-915	General Exemption Order	Exemptions for Certain Supranational Agencies	May 4, 2006	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.
45-916	General Exemption Order	Exemption for Solicitations of Expressions of Interest	May 25, 2006	Grants an exemption to permit solicitations of expressions of interest before the filing of a prospectus for securities to be issued pursuant to over-allotment options, on specified conditions.
45-917	General Exemption Order	Filing Requirements for Amended Offering Memoranda	September 29, 2006.	Grants an exemption to issuers from the requirement in clause 80.1(3)(b) of  the Act to file an amended offering memorandum on or before the tenth day of the amendment on specified conditions.
48-901	General Exemption Order	Listing Representations	June 16, 1998.	Grants exemptions on certain conditions from the prohibition in subsection 44(3) of the Act against listing representations.
51-901	General Exemption Order	Exemption Orders made Pursuant to Parts XI, II and XIII of the Act	Nov 7, 1988.  Amended March 30, 2004.	Makes exemption orders from the continuous disclosure requirements under the former Act uniform.
51-904	General Exemption Order	Curing Issuers' Defaults of Reporting Obligations	Jan 22, 2001 Amended July 7, 2004 Amended January 1, 2006	Orders that reporting issuers that have been in default of their continuous disclosure  reporting obligations are deemed not to be in default if they meet certain conditions.
51-905	General Exemption Order	Varying the Terms of Previously Granted Orders	March 30, 2004	Varies the terms of rulings previously granted by the Commission which impose continuous disclosure requirements on issuers.
51-906	General Exemption Order	Exemption from Certain Continuous Disclosure Requirements under NI 51-102 Continuous Disclosure Obligations	March 30, 2004	Exempts certain issuers from certain financial reporting requirements under NI 51-102 on certain conditions.
51-909	General Exemption Order	Waiver of Continuous Disclosure Requirements for Issuers That Have Made Offerings Under the Qualified Investor Exemption	August 26, 2005	Waives the continuous disclosure requirements that apply to issuers that have made offerings under the Qualified Investor Exemption under clauses 39(1)(y) and 81(1)(s) of the Act.
52-904	General Exemption Order	Certain Issuers Ceasing to be Reporting Issuers in Reorganizations and Take-over Bids	Feb 23, 2005. Amended March 17, 2005. Amended June 1, 2006 Amended November 15, 2007	Grants an order pursuant to section 92 of the Act that an issuer that becomes a reporting issuer under clause 2(1)(qq) when it files a securities exchange take-over bid or is involved in a reorganization, ceases to be a reporting issuer if it is a wholly owned subsidiary of another issuer or has not issued securities that are held by the public.
52-905	General Exemption Order	Relief from Certification Requirements in Multilateral Instrument 52-109	In effect November 27, 2007	Provides an exemption to CEOs and CFOs of venture issuers from the certification requirements in MI 52-109 Certification of Disclosure in Issuers' Annual and Interim Filings provided that they file a specified alternate certificate.
55-905	General Exemption Order	Insider Trading Reports	June 9, 2003 Amended Jan 1, 2005	Grants certain exemptions from the insider reporting requirements.
72-901	General Exemption Order	Trades to Purchasers Outside of Saskatchewan	March 30, 2004	Grants exemptions from the registration and prospectus requirements for trades by issuers of their own securities to purchasers outside of Saskatchewan, subject to certain conditions.
81-902	General Exemption Order	Certain MFDA Members: Commingling of Funds (GRO 81-902).	August 9, 2007	Grants an exemption to certain members of the MFDA from the commingling requirements in NI 81-101 Mutual Funds on certain conditions.
91-904	General Exemption Order	Trades in Government Warrants	June 11, 1990.	Exempts trades in specified Government Warrants from the registration and prospectus requirements on certain conditions.
91-905	General Exemption Order	Certain Interests in Government Securities	Nov 7, 1988.	Exempts trades in certain interest in government securities from the registration and prospectus requirements on certain conditions.
91-906	General Exemption Order	Strip Bonds	June 6, 2002 Amended November 7, 2007	Exempts trades in strip bonds from the registration and prospectus requirements provided that first-time purchasers are given a disclosure document that contains specified information and is approved by the Director.

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