The applicants, Brookfield Property Partners L.P. and Brookfield Office Properties Inc., applied for exemptive relief from various continuous disclosure, certification, insider reporting, audit committee, and short form prospectus qualification requirements under Ontario securities legislation.
The relief was sought in connection with an internal reorganization where Brookfield Property Partners acts as a parent credit supporter for securities issued by Brookfield Office Properties Inc. The Ontario Securities Commission granted the requested exemptions, subject to specific conditions regarding consolidated financial reporting, guarantees, and compliance with U.S. federal securities laws as an SEC foreign issuer.