Erin O’Donovan

The applicant applied for a decision under the securities legislation of Ontario for an exemption from the prospectus requirement in respect of the distribution of contracts for difference and over-the-counter foreign exchange contracts to investors resident in applicable jurisdictions.

The Principal Regulator granted the requested relief, subject to various terms and conditions, including that the applicant remains registered as an investment dealer and a member of the Canadian Investment Regulatory Organization, and that all transactions are conducted pursuant to applicable rules and acceptable practices.

The applicant, a reporting issuer, applied to the Ontario Securities Commission for exemptive relief to extend the time limits for filing a renewal prospectus.

The applicant had ceased distributing its common shares and was engaged in the comment process with commission staff regarding an amendment and a pro forma prospectus.

The principal regulator granted the requested relief, extending the lapse date, finding it would not be prejudicial to the public interest.

The applicant, a foreign issuer whose shares were delisted from the TSX and are traded on the AIM market, applied for an order to cease to be a reporting issuer in Canada.

The applicant demonstrated that Canadian residents beneficially own a de minimis percentage of its outstanding securities, with the exception of one institutional investor who consented to the application.

The Ontario Securities Commission granted the order, noting the applicant will continue to comply with the reporting requirements of the AIM market.

The Filer, a mining company listed on the TSX Venture Exchange, applied for exemptive relief to continue being treated as a venture issuer under Canadian securities legislation despite listing its common shares on the junior segment of the Bolsa de Valores de Lima (Lima Exchange).

The Ontario Securities Commission granted the relief, subject to conditions, noting that the Lima Exchange's junior segment defers to the requirements of the TSXV and does not impose more onerous obligations.

The filer applied to the Ontario Securities Commission for an exemption from the prospectus requirement in respect of the distribution of contracts for difference (CFDs) and other over-the-counter (OTC) contracts to investors in Ontario and other applicable jurisdictions.

The Commission granted the requested relief, subject to conditions including that the filer remains registered as an investment dealer, complies with IIROC rules, and provides clients with a clear risk disclosure document prior to their first transaction.

The relief extends existing exemptive relief for a further interim period of up to four years.

General Electric Company applied to the Ontario Securities Commission for exemptive relief from the prospectus and dealer registration requirements under the Securities Act (Ontario).

The relief was sought to facilitate the spin-off of its healthcare business, GE Healthcare Holding LLC, to its shareholders, including those resident in Canada.

The Commission granted the requested relief, subject to the condition that the first trade in the distributed shares be deemed a distribution subject to section 2.6 of National Instrument 45-102.

The Filer, LifeWorks Inc., applied to the Ontario Securities Commission for an order to cease being a reporting issuer in all jurisdictions of Canada where it is a reporting issuer.

The Filer represented that its outstanding securities are beneficially owned by fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide, and that its securities are not traded on any marketplace.

The principal regulator found that the test under the securities legislation was met and granted the order.

The Filer, a real estate investment trust, applied for exemptive relief from the requirement to include certain historical financial statements for two properties in its business acquisition report following a significant acquisition.

The Filer demonstrated that it was impracticable to obtain the audited financial statements for the periods prior to the properties' acquisition by the previous owner.

The Principal Regulator granted the relief, permitting the Filer to include alternative financial statements and information that would provide sufficient historical information for investors.

Engagement Labs Inc. applied to the Ontario Securities Commission for an order to cease being a reporting issuer in all jurisdictions of Canada where it is currently a reporting issuer.

The principal regulator found that the Filer met the necessary conditions, including having fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide, with no securities traded on a marketplace.

The order was granted.