James Carnwath

The Filer, Eloqua, Inc., applied for a decision to be deemed to cease to be a reporting issuer in the Jurisdictions following a merger with an indirect wholly owned subsidiary of Oracle Corporation.

As a result of the merger, all securities of the Filer are beneficially owned by fewer than 15 securityholders in each Canadian jurisdiction.

The Ontario Securities Commission, acting as principal regulator, granted the requested exemptive relief.

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 Filer, an investment dealer and member of IIROC, applied for exemptive relief from the prospectus requirement under the Securities Act in connection with the distribution of contracts for difference and over-the-counter foreign exchange contracts to investors.

The Filer proposed to distribute these products on the basis of a clear and plain language risk disclosure document rather than a prospectus.

The Ontario Securities Commission granted the requested relief, subject to terms and conditions, including compliance with IIROC rules and a four-year sunset clause.

The Filer, a French corporation, applied for exemptive 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 regarding the first trade of the acquired units or shares.

The applicant applied for exemptive relief from the primary and supplemental insider reporting requirements under the Securities Act and National Instrument 55-104.

The relief was sought in respect of the acquisition or disposition of special trust securities and voting trust units of various trust entities for which the applicant acts as a significant shareholder and management company.

The Ontario Securities Commission granted the exemption, subject to conditions, noting that the transactions are incidental to administration and not based on material undisclosed information.

The Filer, Terra Industries Inc., applied for a decision under the securities legislation of multiple jurisdictions that it is no longer a reporting issuer.

The Filer recently became an indirect wholly-owned subsidiary of CF Industries Holdings, Inc., its common stock was delisted from the New York Stock Exchange, and its securities are beneficially owned by fewer than 15 security holders in each Canadian jurisdiction.

The Ontario Securities Commission, acting as principal regulator, granted the requested exemptive relief.

The Filer applied for an exemption from the prospectus requirements under the Securities Act to issue limited partnership interests to two former employees in Canada pursuant to an employee purchase plan.

The exemption under section 2.24 of National Instrument 45-106 was unavailable because the offerees were former, not current, employees.

The Ontario Securities Commission granted the requested relief, noting the distributions were isolated transactions, the participants would receive disclosure documents, and they would not be induced by expectation of employment.

The Filers applied to the Ontario Securities Commission for exemptive relief from mutual fund conflict of interest investment restrictions, consent requirements, and management reporting requirements.

The relief was sought to permit certain pooled funds to invest in underlying funds using a fund-on-fund structure, varying a previous decision to expand the list of top and underlying funds.

The Commission granted the requested relief, subject to conditions including that the pooled funds are distributed on a private placement basis and that no duplicative management fees are payable.