Cameron McInnis

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

The Canadian Accounting Standards Board had deferred the mandatory adoption of IFRS for investment companies until 2013, but the relevant National Instruments did not reflect this deferral.

The Ontario Securities Commission granted the relief, allowing the filer to continue using old Canadian GAAP for the deferred years, subject to certain conditions including restatement requirements if IFRS is adopted early.

The Filers applied for exemptive relief from the requirements of National Instrument 52-107 to permit them to prepare comparative audited annual financial statements for the fiscal year ended December 31, 2011, in accordance with U.S. GAAP.

The Principal Regulator granted the exemption, subject to conditions regarding the timing of filing and the inclusion of reconciled information.

The Filer applied for exemptive relief from the requirements of National Instrument 52-107 to reconcile the financial statements of an acquired business to Canadian GAAP and to have those statements audited in accordance with Canadian GAAS.

The Filer proposed to prepare pro forma financial statements in accordance with Companion Policy 51-102CP and identify accounting policy differences between Canadian GAAP and IFRS.

The principal regulator granted the requested exemptions, permitting the use of IFRS and ISA for the acquisition statements.

The Applicant applied for exemptive relief from the requirement under National Instrument 52-107 to reconcile the financial statements of an acquired business to Canadian GAAP in its business acquisition report.

The Principal Regulator granted the exemption, provided the pro forma financial statements are prepared in accordance with IFRS as set out in Companion Policy 51-102CP.

The applicant, a reporting issuer with activities subject to rate regulation, applied for exemptive relief from the requirement to prepare its financial statements in accordance with Canadian GAAP applicable to publicly accountable enterprises.

The principal regulator granted the exemption, permitting the applicant to prepare its financial statements in accordance with U.S. GAAP for financial years beginning on or after January 1, 2012, but before January 1, 2015.

The applicant, a reporting issuer with activities subject to rate regulation, applied to the Ontario Securities Commission for exemptive relief from the requirement under 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 Commission granted the requested exemption, provided the applicant files its financial statements and comparative periods in accordance with U.S. GAAP.

The Filers, which are utility companies with rate-regulated activities, applied for exemptive relief from the requirement under National Instrument 52-107 to prepare their financial statements in accordance with Canadian GAAP.

They sought permission to prepare their financial statements in accordance with U.S. GAAP for financial years beginning on or after January 1, 2012, but before January 1, 2015.

The Principal Regulator granted the exemption, noting that if the Filers were SEC issuers, they would be permitted to use U.S. GAAP, which accords similar treatment to rate-regulated activities as Canadian GAAP Part V.

The applicant, an investment company, sought exemptive relief to continue filing its financial statements in accordance with old Canadian GAAP rather than IFRS for its 2011 and 2012 financial years.

The Canadian Accounting Standards Board had deferred the mandatory adoption of IFRS for investment companies until 2013, but the relevant National Instruments did not reflect this deferral.

The Ontario Securities Commission granted the requested relief, subject to conditions including that the applicant continue to qualify as an investment company and restate its 2010 financial statements to measure investments at fair value.

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

The Canadian Accounting Standards Board had deferred the mandatory IFRS transition for investment companies to 2013, but the relevant National Instruments had not yet been amended to reflect this deferral.

The Ontario Securities Commission granted the relief, permitting the Filer to continue filing its financial statements in accordance with old Canadian GAAP for the deferred period, subject to certain conditions.

The Applicant, DRAXIS Specialty Pharmaceuticals Inc., applied for a decision under the securities legislation of multiple jurisdictions that it is no longer a reporting issuer.

The Decision Makers were satisfied that the Applicant met the necessary criteria, including having fewer than 51 security holders in Canada and no securities traded on a marketplace.

The application was granted, and the Applicant was deemed to no longer be a reporting issuer.

The Applicant applied for a decision under the securities legislation of multiple jurisdictions that it is no longer a reporting issuer.

The decision maker granted the application, finding that the Applicant's securities are owned by fewer than 51 security holders in Canada, are not traded on a marketplace, and the Applicant is not in default of its obligations.

The Filer, Brookfield Renewable Power Inc., applied for an exemption from the qualification criteria under National Instrument 44-101 and National Instrument 44-102 for filing a short form prospectus in the form of a base shelf prospectus.

The Filer is a successor issuer formed through an amalgamation and could not rely on the standard exemption.

The Ontario Securities Commission granted the exemption, subject to conditions requiring the incorporation by reference of the predecessor entities' annual information form and consolidated financial statements, as well as the inclusion of specific disclosure directly in the base shelf prospectus.