Darren McKall

The Manager applied on behalf of the Terminating Fund for approval to merge the Terminating Fund into the Continuing Fund under paragraph 5.5(1)(b) of National Instrument 81-102.

The merger did not meet all criteria for pre-approved reorganizations because the investment objectives were not substantially similar and it would not be a tax-deferred transaction.

The principal regulator granted the requested approval, finding that the merger would be beneficial to securityholders.

The Filer applied for exemptive relief on behalf of certain exchange-traded funds from the ETF Prospectus Form Requirement, the Underwriter's Certificate Requirement, the Prospectus Form Requirement, and the Take-over Bid Requirements.

The Ontario Securities Commission granted the requested relief, subject to various conditions including the filing and delivery of a Summary Document or ETF Facts.

The Filer applied for exemptive relief on behalf of certain mutual funds to permit the funds to borrow cash to fund distributions and to treat exchange-traded series and mutual fund series as separate funds for the purposes of compliance with Parts 9, 10, and 14 of National Instrument 81-102.

The Ontario Securities Commission granted the requested exemptions, subject to conditions including limits on borrowing amounts and duration, and compliance with applicable provisions for each type of security.

The filer applied for exemptive relief on behalf of an investment fund to permit the fund to include past performance data in its annual and interim management reports of fund performance, despite the data relating to a period before the fund offered its securities under a simplified prospectus.

The principal regulator granted the relief, subject to conditions including disclosure that the fund was not a reporting issuer during that period and that expenses would have been higher had it been subject to reporting issuer requirements.

The applicant, Galileo Global Equity Advisors Inc., applied on behalf of two proposed exchange-traded funds for exemptive relief from the underwriter's certificate requirement, the prospectus form requirement, and the take-over bid requirements.

The Ontario Securities Commission granted the requested exemptions, subject to conditions including the filing and delivery of a Summary Document or ETF Facts document in place of the standard prospectus requirements.

The Filer applied for exemptive relief on behalf of itself and several proposed exchange-traded funds (ETFs) from the underwriter's certificate requirement, the prospectus form requirement, and the take-over bid requirements.

The Ontario Securities Commission granted the requested relief, subject to conditions including the filing and delivery of a Summary Document or ETF Facts, and the incorporation of specific disclosure in the ETFs' prospectuses.

The Filer applied for exemptive relief under section 19.1 of National Instrument 81-102 to permit the Moneda Latam Corporate Bond Fund to invest directly in securities of the Moneda Fund, a Chilean listed investment fund.

The relief was required because the Moneda Fund is not subject to NI 81-102 and is not a reporting issuer in any Canadian jurisdiction, which would otherwise prohibit the investment under paragraphs 2.5(2)(a.1) and 2.5(2)(c.1).

The principal regulator granted the requested relief, provided that the Filer continues to meet specific continuous disclosure and monitoring requirements regarding the Moneda Fund.

The Filer applied for exemptive relief on behalf of existing and future mutual funds to permit the funds to show the performance data of the corresponding Main Class for the time period prior to the Commencement Date of the applicable Fee Tier Class in sales communications.

The principal regulator granted the exemption, provided that the sales communications include specific disclosure regarding the past performance data and the differences in fees between the classes.

The Filer applied for an exemption from the requirement in NI 81-106 to send an information circular to each registered holder of securities whose proxy is solicited.

The Filer sought to use a Notice-and-Access Procedure instead, similar to the procedure available to corporate finance issuers under NI 51-102 and NI 54-101.

The Ontario Securities Commission granted the exemption, subject to conditions ensuring securityholders receive a Notice-and-Access Document and can request a paper copy of the information circular.

The Filer applied for exemptive relief on behalf of the Fund from the requirement in section 5.1(1)(c) of National Instrument 81-102 to obtain securityholder approval before changing the fundamental investment objectives of the Fund.

The change was necessitated by federal tax changes affecting character conversion transactions and the expiry of a forward agreement.

The principal regulator granted the requested relief, provided the Filer sends a written notice to securityholders at least 30 days before the effective date of the change.

The applicant, Excel Funds Management Inc., applied for exemptive relief on behalf of its investment funds from paragraphs 2.5(2)(a) and (c) of National Instrument 81-102.

The relief sought to permit the funds to invest up to 10% of their net asset value in exchange-traded funds listed on the London Stock Exchange, which would otherwise qualify as index participation units but for their foreign listing.

The Ontario Securities Commission granted the exemption, subject to conditions including that the London ETFs are not synthetic ETFs and that the funds' prospectuses disclose the relief.

The applicant, Excel Funds Management Inc., applied for exemptive relief on behalf of existing and future exchange-traded funds (ETFs).

The requested relief included exemptions from the underwriter's certificate requirement, the prospectus form requirement, and the take-over bid requirements for purchasers of ETF securities in the normal course on the TSX.

The Ontario Securities Commission granted the requested exemptions, subject to conditions including the filing and delivery of a summary document or ETF Facts.

The applicant, Excel Funds Management Inc., applied for exemptive relief on behalf of existing and future mutual funds (Top Funds) to permit them to invest in exchange-traded mutual funds managed by the applicant (Underlying ETFs).

The requested exemptions from National Instrument 81-102 included relief from the concentration restriction, control restriction, fund of fund restriction, and sales and redemption fee restriction.

The principal regulator granted the requested exemptions, subject to conditions ensuring the investments align with the Top Funds' objectives and comply with other regulatory requirements.

The applicant applied for exemptive relief on behalf of its existing and future exchange-traded mutual funds from the take-over bid requirements under National Instrument 62-104.

The applicant submitted that applying these requirements would adversely impact the liquidity of the units and that monitoring compliance is difficult due to the continuous issuance and redemption of units.

The Ontario Securities Commission granted the requested exemption.

The Filer applied for exemptive relief on behalf of proposed exchange-traded funds (ETFs) from the underwriter's certificate requirement, the prospectus form requirement, and the take-over bid requirements.

The Ontario Securities Commission granted the requested relief, subject to conditions including the filing and delivery of a Summary Document or ETF Facts, and specific prospectus disclosure.

The relief facilitates the continuous distribution and secondary market trading of the ETFs' listed securities.

BMO Nesbitt Burns Inc. applied for exemptive relief on behalf of proposed commodity pools from the seed capital requirements in section 3.2 of National Instrument 81-104.

The applicant sought to instead comply with the initial investment requirements in section 3.1 of National Instrument 81-102, consistent with proposed amendments by the Canadian Securities Administrators.

The Ontario Securities Commission granted the requested relief, provided the applicant complies with the seed capital requirements of NI 81-102 and discloses the redemption basis in the final prospectus.

The Filer applied for exemptive relief from the seed capital requirements in section 3.2 of National Instrument 81-104 Commodity Pools for the Franklin Target Return Fund.

The Filer sought to comply instead with the seed capital requirements in section 3.1 of National Instrument 81-102 Investment Funds, consistent with proposed amendments by the Canadian Securities Administrators.

The principal regulator granted the requested exemption, provided the Filer complies with NI 81-102 and discloses the redemption basis in the final prospectus.

The Filer, Brookfield Investment Management (Canada) Inc., applied for exemptive relief from the requirement under NI 81-106 to send an information circular to each registered holder of securities whose proxy is solicited.

The Filer sought to use the Notice-and-Access Procedure, similar to corporate finance issuers under NI 51-102 and NI 54-101.

The Ontario Securities Commission granted the exemption, subject to conditions ensuring securityholders receive a Notice-and-Access Document and can request printed copies of the information circular.

Mackenzie Financial Corporation applied on behalf of the Mackenzie Global High Yield Fixed Income ETF for an exemption from the concentration restriction in section 2.1(1) of National Instrument 81-102.

The requested relief would permit the ETF to invest up to 20% or 35% of its net asset value in certain highly-rated foreign government securities.

The Ontario Securities Commission granted the exemption, subject to conditions including that the securities are traded on a mature and liquid market and that the ETF's prospectus discloses the additional risks associated with concentration.

The applicant, Mackenzie Financial Corporation, applied for exemptive relief from the requirement under subsection 3.2.01(1) of National Instrument 81-101 to deliver a Fund Facts document prior to accepting a purchase instruction.

The relief was sought in respect of purchases of Series SC or S6 securities of the Mackenzie North American Corporate Bond Fund made pursuant to an Automatic Rollover from Series A and T6 securities.

The Ontario Securities Commission granted the exemption, subject to conditions requiring a notification plan for investors regarding the rollover, the differences between the series, and their rights.