Michael Brown

The Applicant, Teledyne Dalsa, Inc., applied for a decision under the securities legislation of multiple Canadian jurisdictions that it is no longer a reporting issuer.

The Decision Maker found that the Applicant met the necessary requirements, including having fewer than 15 security holders in each jurisdiction and fewer than 51 in total in Canada, and not being in default of its obligations.

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

The Filer applied for an exemption from the qualification requirement in paragraph 2.2(d)(ii) of National Instrument 44-101 to permit it to file a short form prospectus.

The Filer is a successor issuer following a reverse takeover but could not rely on the exemption in subsection 2.7(2) because it did not file an information circular.

The principal regulator granted the exemption, provided the Filer incorporates its Filing Statement by reference in any short form prospectus filed prior to April 29, 2011.

The Filer applied for an exemption from the qualification requirement in paragraph 2.2(d)(ii) of National Instrument 44-101 to permit it to file a short form prospectus without a current Annual Information Form.

The Filer was a successor issuer following a reverse takeover but could not rely on the standard exemption because it did not file an information circular.

The Ontario Securities Commission granted the exemption, provided the Filer incorporates its TSXV Listing Application by reference in any short form prospectus filed prior to April 29, 2011.

The Filers, Nortel Networks Corporation and Nortel Networks Limited, applied for exemptive relief from certain continuous disclosure requirements under National Instrument 52-107 and National Instrument 51-102.

The Filers are currently in creditor protection proceedings and have sold substantially all of their businesses.

The Ontario Securities Commission granted the requested relief, allowing the Filers to file financial statements prepared in accordance with U.S. GAAP and to satisfy executive compensation disclosure requirements using U.S. rules, subject to certain conditions, to reduce costs and maximize the value of their estates for creditors.

BAC Canada Finance Company applied for exemptive relief from the requirement under National Instrument 44-102 that its credit supporter, Bank of America Corporation, have equity securities listed on a short form eligible exchange in order to distribute debt securities or structured warrants by short form prospectus.

The Ontario Securities Commission granted the exemption, noting that Bank of America Corporation provides full and unconditional credit support and its common stock is listed on the New York Stock Exchange, subject to certain disclosure and filing conditions.

The Filer applied for exemptive relief from the requirement to prepare its financial statements in accordance with Old Canadian GAAP.

The Filer sought permission to early adopt International Financial Reporting Standards (IFRS-IASB) for financial periods beginning on or after January 1, 2010.

The principal regulator granted the exemption, subject to conditions including the restatement and refiling of interim financial statements and compliance with IFRS-related amendments to continuous disclosure obligations.

Barclays Bank PLC applied for exemptive relief from the qualification requirements under National Instrument 44-102 to distribute non-principal protected Notes by short form prospectus.

The Filer satisfied all basic qualification criteria except having its equity securities listed on a short-form eligible exchange.

The principal regulator granted the exemption, subject to conditions including specific cover page disclosure regarding the unrated nature of the non-principal protected Notes and the risks involved.

The Filer applied for exemptive relief from the requirement under National Instrument 52-107 to prepare its financial statements in accordance with Canadian GAAP.

Following a reverse take-over, the Filer sought to prepare its financial statements for the fiscal year ended December 31, 2010, in accordance with International Financial Reporting Standards (IFRS).

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

Skyberry Capital Corp. applied for exemptive relief from the requirement to file audited annual financial statements for Lipari Coal Holdings, Inc. for the years ended December 31, 2008 and 2007, in connection with a proposed reverse take-over transaction.

The target company was unable to provide the specified historical financial statements despite reasonable efforts, and its auditors confirmed that an audit would be extremely difficult if not impossible.

The Ontario Securities Commission granted the exemption, subject to the condition that the filing statement contains alternative financial disclosure and that the filing statement and a technical report are filed on SEDAR.

The filers applied for exemptive relief from certain requirements of National Instrument 44-102 and National Instrument 44-101 to permit the filing of a shelf prospectus and prospectus supplements qualifying for distribution strip residuals, strip coupons, and strip packages derived from debt obligations of Canadian corporations and trusts.

They also sought relief from the requirements that the prospectus contain a certificate of the underlying issuer and incorporate by reference documents of the underlying issuer.

The principal regulator granted the requested exemptions, subject to certain conditions regarding the underlying obligations and continuous disclosure.

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

The Filer, a real estate investment trust, applied for exemptive relief from the requirement under Section 8.4 of National Instrument 51-102 to include certain historical financial statements in its business acquisition report following a significant acquisition.

The Filer lacked access to the historical accounting records necessary to audit the combined financial statements for the acquired properties.

The Ontario Securities Commission granted the relief, permitting the Filer to include alternative financial statements as previously cleared in a prospectus.

The Filer, an investment company, applied for exemptive relief from the requirements to adopt International Financial Reporting Standards (IFRS) for its financial years ending March 31, 2012, and March 31, 2013.

The Canadian Accounting Standards Board had deferred the mandatory adoption of IFRS for investment companies to January 1, 2013.

The Ontario Securities Commission granted the requested relief, allowing the Filer to continue filing financial statements in accordance with old Canadian GAAP for the deferred financial years, subject to certain conditions.

The applicant applied for exemptive relief from the requirement in section 4.2(1) of National Instrument 52-107 that its financial statements be prepared in accordance with Canadian GAAP.

The applicant sought to prepare its financial statements in accordance with International Financial Reporting Standards (IFRS) for periods beginning on or after July 1, 2010.

The principal regulator granted the exemption, permitting the early adoption of IFRS subject to compliance with Part 3 of NI 52-107.

Globestar Mining Corporation applied to the Ontario 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 in Canada and fewer than 51 in total, and that its securities are not traded on a marketplace.

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

The Filer applied for exemptive relief from the requirement in section 4.2(1) of National Instrument 52-107 to prepare its financial statements in accordance with Old Canadian GAAP.

The Filer sought to early adopt IFRS-IASB for financial periods ending on or after November 30, 2010, having already prepared its prospectus financial statements under IFRS-IASB.

The principal regulator granted the exemption, permitting the Filer to prepare its financial statements in accordance with IFRS-IASB.

The Filer, a junior exploration company, applied for exemptive relief from the requirement under section 4.2(1) of National Instrument 52-107 to prepare its financial statements in accordance with Canadian GAAP.

The Filer sought to early adopt International Financial Reporting Standards (IFRS) for periods beginning on or after September 1, 2010, having already prepared its prospectus financial statements under IFRS.

The Ontario Securities Commission granted the exemption, noting the Filer's readiness and the inefficiencies of reverting to Canadian GAAP before the mandatory IFRS changeover date.

The applicant applied for a decision under the securities legislation of multiple jurisdictions that it is not a reporting issuer.

The decision maker found that the applicant's outstanding securities were beneficially owned by fewer than 51 security holders in Canada, no securities were traded on a marketplace, and the applicant was not in default of its obligations.

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

The applicant, Zuni Holdings Inc., applied to the Ontario 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 in Canada and fewer than 51 in total, its securities are not traded on a marketplace, and it is not in default of its obligations as a reporting issuer.

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

The Applicant, Tagish Lake Gold Corp., applied to the securities regulatory authorities in Alberta, Manitoba, and Ontario 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 Ontario Securities Commission granted the application, ordering that the Applicant is not a reporting issuer.