Notice

General Ruling Order 35-901 Non-Resident Registrants

On August 19, 2003 the Director of the Securities Division of the Saskatchewan Financial Services Commission amended General Ruling/Order 35-901 Non-Resident Registrants. GRO 35-901 exempts dealers and advisors from the requirement to maintain a business office and books and records in Saskatchewan on certain conditions.

Clause 5.3(b) lists the clients that an international adviser is restricted to in order to be exempted from the business office and books and records requirements.  Clause 5.3(b) was amended to add the following new subclause:

"(xii)  a trust, if a majority of the trustees of the trust are individuals who meet the criteria set out in subclause (xi) above;"

 

August 19, 2003 

Contact:

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