This entry is part 2 of 12 in the series BCSC revises 51-509 Rule for U.S. OTC issuers
BCSC revises 51-509 Rule for U.S. OTC issuers

The British Columbia Securities Commission (BCSC) second 30-day comment period for the proposed revised 51-509 rule ended on June 13, 2008. The revised rule changes go effective September 15, 2008 with additional filing requirements going effective September 30, 2008.

So why is the BCSC concerned about the U.S. OTC securities market?

Because “there is a disproportionate number of BC players in the U.S. OTC markets who engage in abusive activities. Their activities damage the reputation of the province’s capital markets and cast a cloud over the interests of legitimate issuers, investment dealers, and other market participants.”

Series Navigation«BCSC revises 51-509 Rule for U.S. OTC issuers – Part 1BCSC revises 51-509 Rule for U.S. OTC issuers – Part 3»

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