Mary Anne De Monte-Whelan

The applicant applied to the Ontario Securities Commission for an order that it has ceased to be a reporting issuer in all jurisdictions of Canada.

The applicant's shares were acquired by a wholly-owned subsidiary pursuant to a plan of arrangement, and its shares were delisted from the Toronto Stock Exchange.

Although the applicant was subject to a failure-to-file cease trade order, it concurrently applied for its revocation.

The Commission granted the requested relief, ordering that the applicant has ceased to be a reporting issuer.

The applicant, an investment fund manager, applied for exemptive relief on behalf of several proposed exchange-traded funds (ETFs).

The requested relief included exemptions from the requirement to include an underwriter's certificate in the ETFs' prospectuses and from the take-over bid requirements for persons purchasing listed securities in the normal course on a marketplace.

The Ontario Securities Commission granted the requested exemptions, noting that the authorized dealers and designated brokers do not perform conventional underwriting services and that applying take-over bid requirements would adversely impact the liquidity of the ETFs' listed securities.