The filer, I.G. Investment Management, Ltd., applied for exemptive relief from the monthly reporting requirements for related party transactions under the Securities Act.
The filer sought to permit alternative reporting for transactions involving the purchase and sale of mortgages between a mutual fund and its affiliates.
The Ontario Securities Commission granted the requested relief, subject to conditions requiring disclosure of the related party transactions and fees in the fund's annual and interim management reports of fund performance, as well as in its portfolio transaction records.
