Related party transactions  |
|
|---|---|
| Rule: | IIA 6.43 |
| Date Requested: | Tuesday, September 4, 2012 |
| Requested By: | Bell IXL Investments |
| Date Approved: | Tuesday, September 11, 2012 |
| Approved By: | Compliance Committee |
| Issuer: | BXL |
| Securities: | BXL, BXLA |
| Description of Rule: | The issuer shall obtain the approval of its members if it or any of its child entities acquires a substantial asset from or disposes of a substantial asset to any of the following: (i) a related party... |
| Waiver Requested: | BXL sought a waiver of LR 6.43 to allow a sale of listed securities held by BXL to a related party. |
| Effect of Waiver: | NSX waived application of LR 6.43 to allow BXL to sell a relatively small parcel of listed securities to a related party without member approval. The transaction is to take place at a price in excess of the last traded market price for those securities. |