The British Columbia Securities Commission today published new conditions of registration for investment dealers that trade in U.S. over-the-counter markets.

The new Conditions of Registration for Investment Dealers that Trade in the U.S. Over-the-Counter Markets increase investment dealers’ accountability for their trading activities in securities quoted in the U.S. OTC markets, such as the OTC Bulletin Board (OTCBB) and the Pink Sheets. The conditions are proposed to take effect on June 12.

A notice published on June 25, 2007 outlined how the BCSC planned to deal with those that engage in abusive activities in the U.S. OTC markets and have visible connections to the province. The conditions are one of the five key elements of this plan.

On Oct. 29, 2007, the BCSC published for comment draft conditions of registration for dealers that trade in U.S. OTC markets. The comment period ended on Dec. 31, 2007. The conditions of registration reflect the comments received.