Edwin P. Kerwin

The Filer, a Maryland corporation, applied for an exemption from the prospectus requirement to distribute shares of its wholly-owned subsidiary to its Canadian stockholders as a dividend in specie.

The Filer and the subsidiary are not reporting issuers in Canada, and the number of Canadian stockholders is de minimis.

The Ontario Securities Commission granted the exemption, provided that the first trade in the subsidiary's shares is deemed a distribution unless the conditions in National Instrument 45-102 are satisfied.

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

The Ontario Securities Commission granted the requested exemptions, subject to conditions including the filing and delivery of a Summary Document for each class or series of ETF Securities, and an undertaking from purchasers not to exercise voting rights representing more than 20% of the outstanding ETF Securities.

The applicants, Brookfield Property Partners L.P. and Brookfield Property Split Corp., applied to the Ontario Securities Commission for exemptive relief from various continuous disclosure, certification, insider reporting, audit committee, corporate governance, and prospectus disclosure requirements.

The relief was sought to accommodate the issuance of Class A senior preferred shares by the successor of BOP Split in connection with a plan of arrangement.

The Commission granted the requested exemptions, subject to several conditions, including that the applicants continue to satisfy modified conditions under National Instrument 51-102 and that the parent credit supporter consolidates the relevant entities in its financial statements.

The applicant, a French issuer, applied for relief from the prospectus and dealer registration requirements of the Securities Act in connection with a global employee share offering.

The offering involved the use of collective employee shareholding vehicles (FCPEs) under French law.

The Ontario Securities Commission granted the requested relief, subject to conditions including that the first trade of the securities be made through an exchange or market outside of Canada.