Securities Law & Instruments

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CORRECTION TO AMENDMENTS TO OSC RULE 35-502 - NON-RESIDENT ADVISERS

The Amendment to OSC Rule 35-502 -- Non-Resident Advisers (26 OSCB 7170) (the Amendment) contained an incorrect reference in section 25. A reference to subsection 1.3(1) of Rule 31-505 appeared on page 7173 in Chapter 5 of the OSC Bulletin, Volume 26, Issue 44, dated October 31, 2003. The correct reference is to subsection 1.3(2) of Rule 31-505. This section is intended to exempt international advisers from the requirement to appoint an Ultimately Responsible Person and a Chief Compliance Officer.