Edward Kerwin

Invesco Canada Ltd. applied to the Ontario Securities Commission for exemptive relief from the requirement under section 117(2) of the Securities Act to file monthly reports for its investment funds regarding trades executed through a related party broker.

The applicant argued that filing segregated monthly reports would be costly and time-consuming, and that similar information is already provided in the funds' annual and interim management reports of fund performance.

The Commission granted the requested exemption, subject to conditions requiring the funds to disclose the related party fees in their management reports and to maintain detailed records of such transactions.

The Filer, Arcadis N.V., applied to the Ontario Securities Commission for exemptive relief from the prospectus and dealer registration requirements of the Securities Act.

The relief was sought to allow the Filer to extend its global employee share offering to Canadian employees.

The Commission granted the requested relief, subject to conditions regarding the first trade of the shares.

The applicant, K2 & Associates Investment Management Inc., applied on behalf of itself and certain top funds for exemptive relief from the mutual fund self-dealing restrictions in the Securities Act.

The relief was sought to allow the top funds to invest in underlying funds that are under common management.

The Ontario Securities Commission granted the requested relief, subject to conditions including that the top funds are distributed solely pursuant to prospectus exemptions and that no duplicative management or incentive fees are payable.

The applicants sought exemptive relief from the mutual fund conflict of interest restrictions in the Securities Act (Ontario).

The relief would allow the top funds to make and hold investments in more than 20% of the outstanding voting securities of underlying funds managed by the same or affiliated managers.

The Ontario Securities Commission granted the requested exemption, subject to conditions including that the top funds are distributed solely pursuant to prospectus exemptions and that there is no duplication of management or incentive fees.

The applicants, John Deere Capital Corporation and John Deere Credit Inc., applied to the Ontario Securities Commission for exemptive relief from continuous disclosure, certification, short form prospectus, and insider reporting requirements under various National Instruments and the Securities Act.

The Commission granted the requested relief, subject to several conditions, including that the U.S. parent company continues to file its continuous disclosure documents with the SEC and that the Canadian subsidiary files selected financial information.