posted on Jan, 11 2013 @ 02:36 PM
This allows "advisers" to be exempt from Domestic and Foreign financial regulations.
The Ontario Securities Commission and every federal regulatory body has thus far refused to release and or publish publicly the appendix' that amend
every existing piece of legislation in Canada and in Alberta.
Appendix A refers you to NI 13-102 in which the term "X" refers to "X" in NI 43-103, but is only effective
if the term "X" is active in Appendix X in NI 34.103
This is our current political system
Fresh from the Chicago Play Book.
Or should I say.. stale?
I have already contacted my Member of Parliament. This "Bill" or Appendix Aggregate is merely a
clever method of hiding legislation and wrapping it around the heads of those
who don't have the time to read it and compile it.
“consultant” has the same meaning as in National Instrument 45-106 Prospectus and
“consultant” means, for an issuer, a person, other than an employee, executive officer, or director of the issuer or of a related entity of the
issuer, that (a) is engaged to provide services to the issuer or a related entity of the issuer, other than services provided in relation to a
distribution, (b) provides the services under a written contract with the issuer or a related entity of the issuer, and (c) spends or will spend a
significant amount of time and attention on the affairs and business of the issuer or a related entity of the issuer and includes, for an individual
consultant, a corporation of which the individual consultant is an employee or shareholder, and a partnership of which the individual consultant is an
employee or partner;
Which thus far states that any "adviser" who is exempt or not exempt, registered, or un registered, audited, or un audited under the Financial
Administration Act can provide and sell products which are directly or indirectly acted upon by a first, second or third party for the purpose of
necessity, or non-necessity in the best interest of the corporation, adherent to the respective Acts:
Corporations Interest Clause (ABC Benefits Act); Exerpt Only (Example Figure)
Financial Administration Act
edit on 11-1-2013 by streetfightingman because: (no reason given)