James Turner

The applicants, an investment fund manager and a mutual fund, applied for a decision that the mutual fund cease to be a reporting issuer.

The mutual fund was not eligible for the simplified process because it had more than 50 securityholders.

The mutual fund's securities were distributed exclusively to managed accounts fully managed by the manager on an exempt basis.

The Ontario Securities Commission granted the requested exemptive relief, allowing the mutual fund to cease being a reporting issuer.

The Filer, The Goldfarb Corproation, applied to the Ontario Securities Commission and other jurisdictions for a decision that it is no longer a reporting issuer.

The Filer had consolidated its shares such that all outstanding securities were beneficially owned by fewer than 15 security holders in each jurisdiction and fewer than 51 in total in Canada.

Its shares were delisted from trading.

The Commission granted the requested exemptive relief, ordering that the Filer is no longer a reporting issuer.

IPICO Inc. applied for a decision that it is no longer a reporting issuer in multiple Canadian jurisdictions following an insolvency restructuring.

Under a proposal to creditors, all outstanding shares were cancelled and new shares were issued to an affiliate of Brookfield Asset Management Inc., resulting in the Filer having fewer than 15 security holders in each jurisdiction.

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

The filer, I.G. Investment Management, Ltd., applied for exemptive relief from the monthly reporting requirements for related party transactions under the Securities Act.

The filer sought to permit alternative reporting for transactions involving the purchase and sale of mortgages between a mutual fund and its affiliates.

The Ontario Securities Commission granted the requested relief, subject to conditions requiring disclosure of the related party transactions and fees in the fund's annual and interim management reports of fund performance, as well as in its portfolio transaction records.

The Filer applied for exemptive relief in connection with a take-over bid and subsequent plan of arrangement for the acquisition of TMX Group Inc. The Filer sought relief from the proportionate take-up and payment requirements, the three-day payment requirement, and the formal valuation and minority approval requirements for the subsequent business combination.

The Ontario Securities Commission granted the requested relief, subject to certain conditions, including that the subsequent arrangement be completed within 35 days following the deposit extension period expiry time.

The applicant, First Asset Investment Management Inc., applied for exemptive relief on behalf of several exchange-traded funds.

The applicant sought relief from the dealer registration requirement for disseminating sales communications, the requirement to include an underwriter's certificate in the prospectus, and the take-over bid requirements for normal course purchases on the TSX.

The Ontario Securities Commission granted the requested relief, subject to conditions including compliance with Part 15 of NI 81-102 for sales communications and an undertaking by unitholders not to exercise votes representing more than 20% of outstanding units.

The applicant, Invesco Trimark Ltd., applied for exemptive relief on behalf of its mutual funds and pooled funds to permit them to invest in non-exchange-traded debt securities and exchange-traded securities of related persons.

The Ontario Securities Commission granted the requested relief, subject to several conditions including approval by the funds' independent review committees, pricing requirements, and limits on the size of primary offerings the funds can purchase.

The applicant, a service provider, applied for exemptive relief on behalf of its intermediary, registrant, and custodian clients from certain proxy delivery requirements under the Securities Act and National Instrument 54-101.

The applicant sought to implement an alternative 'appointee system' for beneficial owners to attend and vote at securityholder meetings.

The Ontario Securities Commission granted the exemptive relief, conditional on the implementation of the appointee system, and ordered that the client list remain confidential due to its commercially sensitive nature.

The applicants, Mike Lazaridis and Research In Motion Limited, applied for exemptive relief from the insider reporting requirements under section 107(2) of the Securities Act.

The relief was sought in respect of the exercise of options and the disposition of shares pursuant to automatic securities disposition plans.

The Ontario Securities Commission granted the exemption, subject to the condition that the insider file an annual report of such transactions within 90 days of the end of the calendar year.

The applicant, MacNicol & Associates Asset Management Inc., applied for exemptive relief from the mutual fund self-dealing restrictions in the Securities Act and the conflicts of interest provisions in National Instrument 31-103.

The relief was sought to allow top funds managed by the applicant to invest in underlying pooled funds, including limited partnerships, also managed by the applicant.

The Ontario Securities Commission granted the requested relief, subject to several conditions including that securities of the top funds are distributed solely pursuant to prospectus exemptions, no duplicative fees are charged, and specific written disclosures are provided to investors.

The Filer applied for exemptive relief from the prospectus requirement under section 53 of the Securities Act to permit the posting of electronic roadshow materials on commercial websites without restriction during the waiting period of a cross-border offering.

Compliance with U.S. securities laws required unrestricted access, which conflicted with Canadian requirements.

The Ontario Securities Commission granted the relief, subject to conditions including the provision of a contractual right of action for misrepresentation to Canadian purchasers.

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 applicants, BNS Split Corp. II and Scotia Capital Inc., applied for an exemption from the principal trading prohibitions under section 119 of the Securities Act.

The exemption was sought to allow Scotia Capital to make principal purchases of portfolio shares in connection with the public offering of Class B Preferred Shares, Series 1 of the Filer.

The Ontario Securities Commission granted the requested exemptive relief, satisfied that the decision met the test set out in the legislation.

Sprott Asset Management L.P. applied for exemptive relief from the related issuer and fund-on-fund investment prohibitions under the Securities Act.

The Ontario Securities Commission granted the relief, permitting the pooled funds to purchase exchange-traded securities of related entities and to invest in other mutual funds managed by the filer.

The relief was granted subject to conditions, including approval by the independent review committee and compliance with transparency and fee duplication requirements.

The applicant, 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 French collective employee shareholding vehicles (FCPEs), preventing reliance on standard exemptions.

The Ontario Securities Commission granted the requested relief, subject to conditions regarding the first trade of the securities.

The applicants, Manulife Financial Corporation and its subsidiaries, applied for exemptive relief under the Securities Act.

They sought an order designating Manulife Finance Holdings Limited as a reporting issuer upon its assumption of certain debt obligations, and an exemption from the prospectus requirement for the distribution of the new debt securities.

The Ontario Securities Commission granted the requested relief, subject to conditions including that the parent company continue to provide full and unconditional credit support for the debt securities.

FundEX Investments Inc. applied to the Ontario Securities Commission for exemptive relief from the prohibitions in sections 7.1(1)(b) and 7.1(3) of National Instrument 81-105.

The applicant sought to allow its representatives to pay commission rebates to clients when they switch into related mutual funds, specifically the IA Clarington Funds.

The Commission granted the requested exemption, subject to conditions ensuring that the rebates are not conditional on purchasing related funds and that clients receive proper disclosure and consent.

The applicant, BMO Group Retirement Services Inc., applied for exemptive relief from the dealer registration and prospectus requirements under the Securities Act in respect of trades in mutual fund securities to tax-assisted capital accumulation plans (CAPs).

The Ontario Securities Commission granted the requested relief, subject to conditions including that the plan sponsor selects the mutual funds, provides members with specific information about the funds and fees, and provides investment decision-making tools.

The relief aligns with the proposed national exemptions for CAPs.

The applicants, Barclays Global Investors Canada Limited and Barclays Global Investors, N.A., applied for exemptive relief from the investment restrictions in the Securities Act.

Following their acquisition by BlackRock, Inc., the applicants sought permission for the mutual funds and pooled funds they manage to purchase non-exchange-traded debt securities and exchange-traded securities of related issuers in the secondary market.

The Ontario Securities Commission granted the exemption, subject to conditions including approval by the funds' independent review committee and compliance with independent pricing and transparency requirements.

The applicants, Sprott Asset Management LP and Sprott Physical Gold Trust, applied for exemptive relief from the prospectus requirement under section 53 of the Securities Act (Ontario).

The relief was sought to permit the posting of electronic roadshow materials on commercial websites without restriction during the waiting period of a cross-border initial public offering, in order to comply with U.S. securities laws.

The Ontario Securities Commission granted the requested relief, subject to the condition that purchasers in Canadian jurisdictions be provided with a contractual right of action for any misrepresentations in the roadshow materials.