May 20, 1992
TO: INTERNATIONAL COMMITTEE NO. 12-92
RE: ONTARIO SECURITIES COMMISSION ADOPTS POLICY NO. 4.8
ON NON-RESIDENT ADVISERS
__________________________________________________________
On May 5, the Ontario Securities Commission released Policy
No. 4.8, which sets out the circumstances under which a non-
resident adviser will be permitted to act as an adviser in
Ontario. A copy of Policy No. 4.8 is attached.
Angela C. Goelzer
Assistant Counsel - International
Attachment