Michael Brown

Brookfield Asset Management Inc. applied for exemptive relief from the restricted securities provisions of National Instrument 41-101, National Instrument 51-102, and OSC Rule 56-501.

The Filer sought to use the terms 'Class A Limited Voting Shares' and 'Class B Limited Voting Shares' instead of the prescribed restricted security terms, arguing the prescribed terms did not accurately describe the securities.

The principal regulator granted the requested exemptions, subject to the condition that the Filer use the specified alternate terms and refrain from using the term 'common share' or 'common equity' except in limited circumstances.

The Royal Canadian Mint applied for an order exempting it from the requirement to pay a participation fee under section 2.2 of Ontario Securities Commission Rule 13-502 Fees.

The Mint, a Crown corporation, proposed to issue receipts representing undivided beneficial interests in gold bullion.

The Commission granted the requested relief, ordering that the participation fee requirement shall not apply to the Mint, provided it continues to satisfy the conditions of a previously granted passport decision exempting it from various prospectus and continuous disclosure requirements.

The Filer applied for exemptive relief from the requirement under Section 8.4 of National Instrument 51-102 to include certain financial statement disclosure in its business acquisition report relating to the acquisition of a portfolio of real estate properties.

The Filer was unable to obtain historical accounting records for one of the properties.

The Ontario Securities Commission granted the relief, permitting the Filer to include the financial statements previously provided in its prospectus supplement in lieu of the required financial statements.

The Applicant, Breakwater Resources Ltd., applied to the Ontario Securities Commission and other jurisdictions for a decision that it is not a reporting issuer.

The decision maker found that the Applicant met the requirements, including having fewer than 51 security holders in Canada and no securities traded on a marketplace.

The application was granted, and the Applicant was ordered not to be a reporting issuer.

The Applicant, Norsemont Mining Inc., applied for a decision under the securities legislation of multiple jurisdictions that it is not a reporting issuer.

The Decision Makers were satisfied that the Applicant met the test, as its outstanding securities were beneficially owned by fewer than 15 security holders in each jurisdiction and fewer than 51 in total in Canada, and its securities were not traded on a marketplace.

The order was granted, declaring the Applicant is not a reporting issuer.

Vector Aerospace Corporation applied to the Ontario Securities Commission and other provincial regulators for a decision that it is no longer a reporting issuer.

The Applicant represented that its outstanding securities are beneficially owned by fewer than 15 security holders in each jurisdiction and fewer than 51 in total in Canada, its securities are not traded on a marketplace, and it is not in default of its obligations.

The Commission was satisfied that the statutory test was met and ordered that the Applicant is not a reporting issuer.

The applicant real estate investment trust applied for exemptive relief from the requirement to file a business acquisition report under Part 8 of National Instrument 51-102 following its acquisition of a medical office complex.

Although the acquisition was not significant under the asset and investment tests, it triggered the income test.

The applicant submitted that the income test produced anomalous results that exaggerated the significance of the acquisition.

The principal regulator granted the requested relief based on representations that the acquisition was not significant from a practical, commercial, business, or financial perspective.

The Filers applied to the Ontario Securities Commission for exemptive relief from certain prospectus disclosure, dealer registration, underwriter registration, and prospectus delivery requirements in connection with an equity line of credit facility.

The facility permits the issuer to require the purchaser to buy newly issued securities at a discount to the market price, which the purchaser finances through short sales or resales in the secondary market.

The Commission granted the requested relief, subject to conditions including a 19.9% cap on the number of securities distributed in any 12-month period and restrictions on the purchaser's activities.

The Applicant, American Bullion Minerals Ltd., applied to the Ontario Securities Commission and the Alberta securities regulatory authority for a decision that it is not a reporting issuer.

The Applicant represented that its outstanding securities are beneficially owned by fewer than 15 security holders in each jurisdiction and fewer than 51 in total in Canada, its securities are not traded on a marketplace, and it is not in default of its obligations.

The Decision Maker was satisfied that the statutory test was met and ordered that the Applicant is not a reporting issuer.

The applicant real estate investment trust applied for exemptive relief from the requirement to file a business acquisition report under Part 8 of National Instrument 51-102 in connection with its acquisition of a medical office complex.

Although the acquisition triggered the income test for significance, it did not meet the asset or investment tests, and the applicant demonstrated that the income test produced anomalous results.

The Ontario Securities Commission granted the requested relief, finding that the acquisition was not significant from a practical, commercial, or financial perspective.

The applicant applied for a decision under the securities legislation of Ontario and Alberta that it is not a reporting issuer.

The applicant represented that its outstanding securities are beneficially owned by fewer than 15 security holders in each jurisdiction and fewer than 51 in total in Canada, and that its securities are not traded on a marketplace.

The decision maker was satisfied that the statutory test was met and ordered that the applicant is not a reporting issuer.

The applicant filed for exemptive relief from various continuous disclosure, certification, insider reporting, audit committee, corporate governance, and short form prospectus requirements to accommodate the issuance of exchangeable debentures by multiple indirect subsidiaries.

The applicant could not rely on the standard exemption for credit support issuers because it only owned 71% of an intermediate holding entity.

The Ontario Securities Commission granted the requested relief, subject to conditions including those relating to the minority interest in the holding limited partnership and the applicant's voting control.

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, Brookfield Homes Corporation, applied for a decision under the securities legislation of multiple jurisdictions that it is no longer a reporting issuer.

The Decision Maker was satisfied that the Applicant met the test, as its outstanding securities are beneficially owned by fewer than 15 security holders in each jurisdiction and fewer than 51 in total in Canada, its securities are not traded on a marketplace, and it is not in default of its obligations.

The application was granted, and the Applicant was ordered to no longer be a reporting issuer.

The Applicant, Kria Resources Ltd., applied to the Ontario Securities Commission and the Alberta Securities Commission for a decision that it is no longer a reporting issuer.

The Applicant represented that its outstanding securities are beneficially owned by fewer than 15 security holders in each jurisdiction and fewer than 51 in total in Canada, and its securities are not traded on a marketplace.

The Commission granted the requested relief, ordering that the Applicant is not a reporting issuer.

The Filer, Nesscap Energy Inc., applied for exemptive relief from the requirement under National Instrument 52-107 to prepare its financial statements in accordance with Old Canadian GAAP for the fiscal year ended December 31, 2010.

The Filer sought to prepare its financial statements in accordance with International Financial Reporting Standards (IFRS-IASB) following a reverse takeover transaction where the acquiror had historically used IFRS.

The Ontario Securities Commission granted the exemption, subject to conditions including compliance with IFRS-related amendments to continuous disclosure and certification obligations.

The applicant applied to the securities regulatory authorities in multiple jurisdictions for a decision that it is no longer a reporting issuer.

The decision makers were satisfied that the applicant met the criteria, including having fewer than 51 security holders in Canada and no securities traded on a marketplace.

The application was granted, and the applicant was ordered to no longer be a reporting issuer.

The applicant, a real estate investment trust, applied for exemptive relief from the requirement to file a business acquisition report under Part 8 of National Instrument 51-102 regarding its acquisition of a townhome complex.

While the acquisition was not significant under the asset and investment tests, it was significant under the income test.

The applicant argued that applying the income test produced an anomalous result and that excluding depreciation of income-producing properties would more accurately reflect the acquisition's insignificance.

The principal regulator granted the requested relief, finding that the acquisition was not significant from a business and commercial perspective.

The applicant applied for a decision under the securities legislation of Ontario and Alberta that it is not a reporting issuer.

The Ontario Securities Commission granted the application, noting that the applicant's outstanding securities are beneficially owned by fewer than 15 security holders in each jurisdiction and fewer than 51 in total in Canada, its securities are not traded on a marketplace, and it is not in default of any obligations as a reporting issuer.

The Filer, SXC Health Solutions Corp., applied for exemptive relief from the requirements under National Instrument 51-102 and National Instrument 54-101 to send printed information circulars to registered shareholders and Canadian beneficial owners.

The Filer meets all criteria to be an SEC foreign issuer under National Instrument 71-102, except for its governing jurisdiction.

The Ontario Securities Commission granted the requested relief, permitting the Filer to use the SEC Notice-and-Access Rules to send proxy materials to its shareholders.