Margot Howard

The applicant applied for exemptive relief on behalf of several pooled funds to permit them to purchase and hold exchange-traded and debt securities of a related entity.

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

The filer, Russell Investments Canada Limited, applied to the Ontario Securities Commission for exemptive relief from the conflict of interest reporting requirement under subsection 117(1)(c) of the Securities Act.

The requirement mandates monthly reporting of mutual fund portfolio transactions executed through a related party.

The filer sought relief for transactions executed through its related broker-dealer, Russell Implementation Services Inc. The Commission granted the requested relief, provided that similar disclosure is made in the management reports of fund performance for each mutual fund and that specific records of related party portfolio transactions are maintained by the funds.

The filer, a full-service investment firm, applied for exemptive relief from insider reporting requirements under the Securities Act and National Instrument 55-104.

The filer acts as an administrator to certain investment funds and also manages discretionary accounts that may hold securities of those funds.

The Ontario Securities Commission granted the relief, subject to conditions including the maintenance of information barriers and physical separation between the individuals administering the funds and the advisers managing the discretionary accounts.

The applicant sought exemptive relief on behalf of existing and future mutual funds to permit them to invest in non-exchange traded debt securities of a related issuer, Sun Life Financial Inc., in the secondary market or on a primary distribution.

The Ontario Securities Commission granted the relief, subject to conditions including independent review committee approval, pricing requirements, and limits on the amount of the primary offering the funds can purchase.

The Filer, 0879597 B.C. Ltd., applied for a decision under the securities legislation of Ontario and Alberta to cease to be a reporting issuer.

The Filer was formed by the amalgamation of Garson Gold Corp. and 0876785 B.C. Ltd. following a plan of arrangement.

The Filer has outstanding warrants exercisable into securities of its parent company, Alexis Minerals Corporation, held by 18 securityholders resident in Ontario.

The Filer has no intention of accessing capital markets in the future.

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

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 applicant applied for exemptive relief from the mutual fund conflict of interest investment restrictions in the Securities Act (Ontario) and the self-dealing prohibition in National Instrument 31-103.

The relief was sought to allow certain pooled funds to invest in underlying pooled funds under common management.

The Ontario Securities Commission granted the requested relief, subject to conditions including that the securities are distributed on a private placement basis and that no duplicative management or incentive fees are payable.

The applicant real estate investment trust and its subsidiary sought exemptive relief from prospectus, dealer registration, continuous disclosure, and other requirements in connection with a proposed reorganization.

The reorganization would result in the units of the trust and the subsidiary trading together as stapled units.

The Ontario Securities Commission granted the requested relief, subject to conditions including that the units remain stapled and that combined financial statements be filed.

The Filer, manager of the Pro Financial Mutual Funds, applied for exemptive relief from certain disclosure and consent requirements under National Instrument 81-105 Mutual Fund Sales Practices.

The relief was sought in connection with a private placement of non-voting shares to participating dealers and their sales representatives.

The Ontario Securities Commission granted the exemption, allowing the Filer to provide evergreen disclosure of aggregate holdings up to a stated maximum percentage, rather than continuously updating the disclosure for each trade.

The relief was granted subject to conditions, including that participating dealers agree to abide by written policies and procedures for compliance with the modified disclosure requirements.

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.

The Filers applied for exemptive relief from the monthly reporting requirements for conflict of interest transactions involving related parties of mutual funds under the Securities Act.

The Ontario Securities Commission granted the relief, provided that similar disclosure is made in the management reports on fund performance for each mutual fund and that certain records of related party portfolio transactions are maintained.

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

The Filer had legally defeased its outstanding debentures by depositing sufficient Government of Canada bonds in trust to satisfy all principal and interest payments.

As the Filer has no public securityholders other than the holders of the defeased debentures, who no longer require public disclosure, the principal regulator granted the exemptive relief sought.

The applicant, Claymore Investments, Inc., applied on behalf of Claymore Gold Bullion Trust for exemptive relief from dealer registration requirements, underwriter's certificate requirements, and take-over bid requirements.

The relief was sought in connection with the fund's conversion from a closed-end fund to an exchange-traded fund.

The Ontario Securities Commission granted the requested exemptions, subject to compliance with Part 15 of NI 81-102 and provided that normal course purchases on the TSX are exempt from take-over bid requirements.