Cameron McInnis

The applicant applied for exemptive relief from the requirements of section 3.2 of National Instrument 52-107 to permit it to voluntarily file the annual audited financial statements of Houston International Insurance Group, Ltd. prepared using U.S. GAAP instead of IFRS.

The Ontario Securities Commission granted the relief, noting that the applicant's investment in the foreign issuer represents a material portion of its aggregate assets and that the financial statements would provide relevant information for investors.

The Filer, Hydro One Inc., applied for exemptive relief on behalf of its future parent company, Hydro One Limited, from the requirement under National Instrument 52-107 to prepare financial statements in accordance with Canadian GAAP and IFRS.

The Filer sought to allow the parent company to prepare its financial statements in accordance with U.S. GAAP following its initial public offering, due to its rate-regulated activities.

The Ontario Securities Commission granted the exemption, subject to certain termination conditions, and also granted the requested confidentiality.

The Filer, Cott Corporation, applied for exemptive relief from certain requirements under NI 51-102 and NI 52-107 regarding the financial statements included in a business acquisition report for its acquisition of Aimia Foods Holdings Limited.

The Filer sought to file alternative financial statements, including a revised version with an unaudited reconciliation from UK GAAP to US GAAP, as permitted by the SEC.

The principal regulator granted the requested relief, provided the Filer re-files the business acquisition report containing the alternative financial statements and the unaudited reconciliation.

The Filers, New Red Canada Limited Partnership and Tim Hortons Inc., applied for exemptive relief from various continuous disclosure, certification, audit committee, corporate governance, insider reporting, and accounting/auditing requirements under Ontario securities legislation.

The relief was sought in connection with a business combination involving Burger King Worldwide, Inc. and Tim Hortons Inc., which utilized an exchangeable unit structure.

The Ontario Securities Commission granted the requested exemptions, subject to several conditions ensuring that the exchangeable units provide substantially equivalent economic and voting rights to the underlying common shares, and that appropriate consolidated financial reporting and continuous disclosure are maintained.

The Filer, GWR Global Water Resources Corp., applied for exemptive relief from the requirement under National Instrument 52-107 to prepare its financial statements and those of its significant equity investee in accordance with Canadian GAAP and IFRS.

The Filer sought to continue preparing its financial statements in accordance with U.S. GAAP due to its rate-regulated activities.

The Ontario Securities Commission granted the exemption, permitting the use of U.S. GAAP until January 1, 2019, or until the entities cease to have rate-regulated activities, or until the IASB prescribes a mandatory standard for rate-regulated activities.

The Filer, Ontario Power Generation Inc., applied for exemptive relief from the requirement under section 3.2 of National Instrument 52-107 to prepare its financial statements in accordance with Canadian GAAP applicable to publicly accountable enterprises.

The Filer sought permission to prepare its financial statements in accordance with U.S. GAAP due to its rate-regulated activities.

The Ontario Securities Commission revoked the existing relief and granted the requested exemption, permitting the Filer to use U.S. GAAP until the earlier of January 1, 2019, the cessation of its rate-regulated activities, or the mandatory application of an IFRS standard specific to rate-regulated activities.

The Filers, which are utility companies with activities subject to rate regulation, applied for exemptive relief from the requirement under section 3.2 of National Instrument 52-107 to prepare their financial statements in accordance with Canadian GAAP applicable to publicly accountable enterprises.

The Principal Regulator granted the exemption, permitting the Filers to prepare their financial statements in accordance with U.S. GAAP until the earlier of January 1, 2019, the cessation of their rate-regulated activities, or the mandatory application of an IFRS standard specific to rate-regulated entities.

NAV Canada applied to the Ontario Securities Commission for a variation of a previous order to extend the deferral of the mandatory changeover date to International Financial Reporting Standards (IFRS) for an additional year.

As a rate-regulated entity, the Filer sought relief to continue filing financial statements in accordance with pre-changeover Canadian GAAP for its financial year beginning September 1, 2014.

The Commission granted the requested variation, subject to conditions including continued compliance with specific National Instruments and disclosure of IFRS changeover preparations.

The applicant, a Capital Pool Company, applied for an exemption from the requirement in section 4.3(a) of National Instrument 52-107 that an auditor's report filed in connection with certain financial statements must express an unmodified opinion.

The applicant sought to file audited financial statements of a target company containing a qualification regarding opening and closing inventory.

The Ontario Securities Commission granted the requested relief, noting that the modified opinion was limited to the 2010 financial statements and had been resolved in subsequent years.

The applicant, an investment company, applied to the Ontario Securities Commission for a variation of a prior exemption order to extend the deferral of its transition to International Financial Reporting Standards (IFRS) for one additional year (to the financial year ending December 31, 2013).

The applicant sought relief from the requirements of Part 3 of National Instrument 52-107 and related IFRS amendments to continuous disclosure, prospectus, certification, and audit committee rules, allowing it to continue filing financial statements under old Canadian GAAP.

The Commission granted the requested relief, subject to conditions including that the applicant continues to qualify as an investment company and complies with the pre-changeover accounting standards and rules.

The Filer, an investment company, applied to the Ontario Securities Commission for a variation of a prior exemption order.

The variation sought to extend the deferral of the requirement to adopt International Financial Reporting Standards (IFRS) for an additional year, allowing the Filer to continue preparing its financial statements in accordance with pre-changeover Canadian GAAP for its financial year ending December 31, 2013.

The Commission granted the requested relief, subject to conditions, aligning with the Canadian Accounting Standards Board's decision to further defer IFRS adoption for investment companies.

NAV CANADA applied for exemptive relief to extend the deferral of the mandatory changeover date to International Financial Reporting Standards (IFRS) for an additional year.

As a rate-regulated entity, the applicant sought to continue filing financial statements in accordance with pre-changeover Canadian GAAP for its financial year ending August 31, 2014.

The Ontario Securities Commission granted the relief, subject to conditions, aligning with the Canadian Accounting Standards Board's decision to defer IFRS adoption for rate-regulated entities to January 1, 2014.

The Filer, an investment company, applied to the Ontario Securities Commission for a variation of a prior exemption order.

The variation sought to extend the Filer's deferred financial years for an additional year, allowing it to continue filing financial statements in accordance with pre-changeover Canadian GAAP rather than adopting International Financial Reporting Standards (IFRS).

The Commission granted the requested relief, subject to several conditions, aligning with the Canadian Accounting Standards Board's decision to further defer the mandatory adoption of IFRS for investment companies to January 1, 2014.

The Applicant, an investment company, applied for exemptive relief from the requirements of Part 3 of National Instrument 52-107 and related IFRS amendments to continuous disclosure and prospectus rules.

The Applicant sought to continue filing its financial statements in accordance with pre-changeover Canadian GAAP for three deferred financial years, aligning with the Canadian Accounting Standards Board's decision to defer IFRS adoption for investment companies until January 1, 2014.

The Ontario Securities Commission granted the requested relief, subject to conditions including compliance with pre-changeover Canadian GAAP requirements and providing updated discussions of its IFRS changeover preparations.

The Filer, Cub Energy Inc., applied for exemptive relief from the requirement in subsection 4.3(a) of National Instrument 52-107 that an auditor's report filed in connection with financial statements must express an unmodified opinion.

The Filer sought to file audited financial statements of Gastek LLC accompanied by an auditor's report containing a limitation of scope reservation, in connection with a proposed reverse takeover.

The scope limitation arose from insufficient audit evidence regarding certain revenue and expense items of Gastek's indirect subsidiary, KUB-Gas Ltd., for the years 2008 and 2009.

The principal regulator granted the requested exemption, noting that the scope limitation did not prevent the auditor from forming an opinion on the financial statements as a whole.

The Filer applied to the Ontario Securities Commission to vary an earlier decision granting exemptive relief from certain financial statement requirements under National Instrument 52-107.

The Filer requested an extension of the deadlines to deliver its information circular and complete its proposed business combination with the Target Company due to delays in the TSX Venture Exchange review process.

The Commission granted the requested variation, extending the deadlines as requested.

The applicant, a reporting issuer with activities subject to rate regulation, applied for exemptive relief from the requirement under section 3.2 of National Instrument 52-107 to prepare its financial statements in accordance with Canadian GAAP.

The applicant sought permission to prepare its financial statements in accordance with U.S. GAAP for financial years beginning between January 1, 2012, and January 1, 2015.

The principal regulator granted the exemption, noting that if the applicant were an SEC issuer, it would be permitted to file U.S. GAAP financial statements, which accord similar treatment to rate-regulated activities as Canadian GAAP Part V.

The applicant applied for exemptive relief from the requirement under subsection 4.11(4) of National Instrument 52-107 to reconcile the annual financial statements of an acquired business to IFRS in its business acquisition report.

The Principal Regulator granted the exemption, provided the pro forma statements are prepared as set out in section 8.7(9) of Companion Policy 51-102CP and the BAR otherwise complies with Form 51-102F4.

The Filer, Adeptron Technologies Corporation, applied for exemptive relief from the requirement under NI 52-107 to provide an unmodified auditor's report for the target company's financial statements in an information circular for a reverse takeover.

The target company's records were destroyed by a water leak, resulting in a qualified auditor's report.

The Ontario Securities Commission granted the relief subject to conditions, including disclosure of the qualification and its underlying reasons in the information circular.

The Filer, an investment company, applied for exemptive relief from the requirement to adopt International Financial Reporting Standards (IFRS) for its 2011 and 2012 financial years.

The Filer sought to continue filing financial statements in accordance with old Canadian GAAP, consistent with the Canadian Accounting Standards Board's decision to defer IFRS adoption for investment companies until 2013.

The Ontario Securities Commission granted the requested relief, subject to conditions including that the Filer continues to qualify as an investment company and complies with the pre-changeover versions of the applicable National Instruments.