| September 20, 1989 | |
| TO - Publications Division | FROM - Financial Industries |
| Roy C. Shultis | Division |
| Director | R.J. Kauffman |
| 957-8953 | |
| File No. 7-4188 |
SUBJECT: Version 10 of draft IT-359R3
In reply to a memorandum from Mr. D. Delorey of your Division dated July 27, 1989 we have the following comments on this version of IT-359R3:
1) Paragraph 12 - This paragraph generally reflects our approach. We feel there may be confusion with the words "the commercial practice DISCUSSED IN 11(c) ABOVE" and suggest the words "the commercial practice as set out by CIPREC with respect to such inducements". In our view this paragraph could then end at this point. If you wish to continue with the example, the wording in the next two sentences should be made more cohesive. Presently there is a "for example" within a "for example".
2) Paragraph 11(b) - typo second word, second line.
3) Comments from our memorandum of July 19, 1989 are otherwise correctly reflected.
Director GeneralRulings Directorate