IN THE MATTER OF THE COMMODITY FUTURES ACT,
R.S.O. 1990, CHAPTER C. 20, AS AMENDED (the "CFA")
IN THE MATTER OF BT CAPITAL ADVISERS INC.
(Section 78(1) of the CFA)
WHEREAS BT Capital Advisers Inc. ("BTCA") has applied (the "Application") to the Ontario Securities Commission (the "Commission") for an order pursuant to section 78(1) of the CFA varying an order (the "Order") of the Commission dated December 29, 1999, In the Matter of BT Capital Advisers Inc., made under Subsection 38 (1) of the CFA;
AND UPON considering the Application and the recommendation of staff of the Commission:
AND UPON BTCA having represented to the Commission that:
1.The Order states that BTCA and its officers are not subject to the requirement of paragraph 22 (1) (b) of the CFA in respect of investments in or the use of commodity futures contracts traded on commodity futures exchanges outside Canada and cleared through clearing corporations outside Canada (the "Proposed Advisory Business"), for a period of one year;
2.BTCA desires to continuing its Proposed Advisory Business in Ontario after December 29, 2000 and as a result, is requesting pursuant to section 78(1) of the CFA, that the Order be varied by replacing the reference to "one year" in the last paragraph of the Order with "two years starting on December 29, 2000"; and
3.BTCA has undertaken to continue complying with all the terms and conditions set forth in the Order.
AND UPON the Commission being satisfied that to do so would not be prejudicial to the public interest.
IT IS ORDERED pursuant to section 78(1) of the CFA, that the Order be varied by replacing the reference to "one year" in the last paragraph of the Order with "two years starting on December 29, 2000".
December 22nd, 2000.
"John A. Geller""Robin W. Korthals"