Darren McKall

The Filer applied for exemptive relief on behalf of the Fund to permit the inclusion of past performance data in sales communications, fund facts documents, and management reports of fund performance, despite the data relating to a period before the Fund became a reporting issuer.

The principal regulator granted the requested exemptions, subject to conditions requiring specific disclosures about the Fund's non-reporting issuer status during that period and the availability of financial statements.

The Filer, Ninepoint Partners LP, applied to the Ontario Securities Commission for exemptive relief to extend the lapse dates of the simplified prospectuses for two of its funds.

The extension was sought to align the renewal dates of these prospectuses with those of other funds managed by the Filer, thereby reducing costs and streamlining disclosure.

The Commission granted the requested exemption, finding it would not be prejudicial to the public interest.

The Filer applied for exemptive relief from the custodian requirements of National Instrument 81-102 to permit specialized warehouse providers to hold the physical battery metals of a new non-redeemable investment fund trust.

The Principal Regulator granted the relief, finding that the use of LME approved warehouses, combined with appropriate insurance and oversight, would ensure effective custody of the portfolio assets without prejudicing unitholders.

The applicant, 1832 Asset Management L.P., sought exemptive relief from subsection 5.1(4) of National Instrument 81-101, which prohibits consolidating a simplified prospectus for an alternative mutual fund with one for a conventional mutual fund.

The applicant argued that consolidation would reduce costs, streamline disclosure, and align the treatment of mutual funds with that of exchange-traded funds under National Instrument 41-101.

The principal regulator granted the requested exemption, permitting the applicant to combine the simplified prospectuses for its alternative and conventional mutual funds.

The applicant applied for exemptive relief from subsection 5.1(a) of National Instrument 81-105 to permit it to pay participating dealers for direct costs related to cooperative marketing initiatives whose primary purpose is to provide educational information concerning financial planning matters.

The principal regulator granted the exemption, subject to conditions including that the applicant does not require dealers to sell its funds, the materials contain only general educational information, and the information includes a disclaimer that it is for information purposes only.

The Filer, SEI Investments Canada Company, applied on behalf of the Long Duration Credit Bond Fund for an order declaring that the Fund has ceased to be a reporting issuer in all applicable Canadian jurisdictions.

The Ontario Securities Commission, acting as the principal regulator, granted the order.

The decision noted that the Fund's outstanding securities are beneficially owned by fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide, and are not traded on any marketplace.

The Filer applied for exemptive relief on behalf of Mulvihill Premium Yield Fund and future funds to be exempt from filing a long form prospectus for ETF Securities, provided they file a simplified prospectus and an ETF facts document.

The Filer also sought relief to treat ETF Securities and Mutual Fund Securities as separate funds for compliance with Parts 9, 10, and 14 of NI 81-102.

The Ontario Securities Commission granted the requested relief, subject to conditions.

The Filer applied for exemptive relief to extend the lapse date of the simplified prospectus for its Purpose Bitcoin ETF and Purpose Ether ETF from October 1, 2022, to November 19, 2022.

The extension was requested to align the renewal of the Funds' prospectus with that of other funds managed by the Filer, thereby reducing renewal, printing, and related costs.

The Ontario Securities Commission granted the requested relief, finding it would not be prejudicial to the public interest.

The Filer, Invesco Canada Ltd., applied to the Ontario Securities Commission for exemptive relief from subsection 5.1(4) of National Instrument 81-101.

The Filer sought permission to consolidate the simplified prospectus for its alternative mutual funds with the simplified prospectus for its conventional mutual funds.

The principal regulator granted the requested exemption, noting that consolidating the prospectuses would reduce costs and allow investors to more easily compare the features of the funds.

The applicant, Guardian Capital LP, applied on behalf of two mutual funds for exemptive relief from certain provisions of National Instrument 81-102, National Instrument 81-101, and National Instrument 41-101.

The relief sought to permit a redemption price less than the net asset value for a specific trust, and to allow the inclusion of fund-specific disclosure not specifically required or permitted in the fund facts and ETF facts documents.

The Ontario Securities Commission granted the requested relief, subject to specific disclosure requirements regarding the redemption price calculation.

The applicant, Knowledge First Financial Inc., applied on behalf of Heritage Plans for an order under Ontario securities legislation declaring that the Plan has ceased to be a reporting issuer in all applicable Canadian jurisdictions.

The principal regulator found that the Plan met the necessary criteria, including having fewer than 51 securityholders worldwide and not being in default of securities legislation.

The requested order was granted.

The Filer applied on behalf of two exchange-traded alternative mutual funds for exemptive relief from the concentration restriction in subsection 2.1(1.1) of National Instrument 81-102.

The relief was sought to permit the funds to obtain exposure to the constituent banks of the Solactive Equal Weight Canada Banks Index in accordance with their investment objectives, which involve daily leverage resets.

The Ontario Securities Commission granted the requested exemption, subject to conditions regarding prospectus disclosure and investment strategies.

The Filer applied for exemptive relief to extend the lapse date of the prospectus for two mutual funds to September 29, 2022.

Due to an administrative error, the funds were not included in a prior application for relief, causing their prospectus to lapse.

The principal regulator granted the exemption, subject to conditions including providing a cancellation right to securityholders who purchased securities during the interim period.

The applicant, Canada Life Investment Management Ltd., applied for exemptive relief from the concentration restriction in subsection 2.1(1) of National Instrument 81-102 Investment Funds on behalf of several mutual funds.

The relief sought to permit the funds to invest up to 20% or 35% of their net assets in highly rated evidences of indebtedness issued or guaranteed by foreign governments or supranational agencies.

The Ontario Securities Commission granted the requested relief, subject to conditions including that the purchases are consistent with the funds' fundamental investment objectives and that the funds' prospectuses disclose the associated risks and the nature of the relief.

Picton Mahoney Asset Management applied for exemptive relief under section 6.1 of National Instrument 81-101 on behalf of the Picton Mahoney Fortified Core Bond Fund.

The applicant sought relief from subsection 2.1(2), which prohibits filing a prospectus more than 90 days after the receipt for the preliminary prospectus.

The Ontario Securities Commission granted the requested exemption, subject to the condition that the prospectus be filed no later than November 9, 2022.

The applicant, SLGI Asset Management Inc., applied on behalf of its investment funds for exemptive relief from the illiquid asset restrictions in National Instrument 81-102.

The applicant sought to allow the funds to purchase fixed income securities under Rule 144A of the US Securities Act without those securities being classified as illiquid assets.

The Ontario Securities Commission granted the requested relief, subject to conditions including that the funds must be Qualified Institutional Buyers at the time of purchase and the securities must be traded on a mature and liquid market.

The applicants, SLGI Asset Management Inc. and Sun Life Capital Management (Canada) Inc., applied for exemptive relief on behalf of certain investment funds.

The requested relief included exemptions from related issuer investment restrictions, consent requirements for investments in related issuers, reporting requirements for related party transactions, and restrictions on public funds investing in private funds.

The Ontario Securities Commission granted the requested exemptions, subject to several conditions designed to protect investors and ensure adequate disclosure and independent review.

Fidelity Investments Canada ULC applied for exemptive relief to extend the lapse date of the simplified prospectus and fund facts for the Fidelity Inflation-Focused Fund.

The extension was sought to align the Fund's renewal timeline with other Fidelity funds, allowing them to be consolidated into a single simplified prospectus to reduce costs and streamline disclosure.

The Ontario Securities Commission granted the requested exemption, finding it would not be prejudicial to the public interest.

Mackenzie Financial Corporation applied to the Director of the Ontario Securities Commission for exemptive relief under section 6.1 of National Instrument 81-101.

The applicant sought relief from subsection 2.1(2), which prohibits filing a prospectus more than 90 days after the receipt for the preliminary prospectus.

The Director granted the requested exemption, subject to the condition that the prospectus be filed no later than June 23, 2022.

The Filer applied for exemptive relief from subsection 9.4(2) of National Instrument 81-102 to permit its existing and future exchange-traded funds to accept digital assets (bitcoin or ether) as payment for in-kind subscriptions of Creation Units.

The Ontario Securities Commission granted the exemption, subject to conditions requiring that the digital assets be acquired from regulated entities and delivered directly to the ETF's digital wallet.