Neeti Varma

The Filer, Guardian Capital LP, applied on behalf of the Continuing Fund for exemptive relief from various prospectus and continuous disclosure requirements under NI 81-101, NI 41-101, NI 81-102, and NI 81-106.

The relief allows the Continuing Fund's new ETF series to use the past performance data, financial information, and start dates of the corresponding series of the Terminating ETF following a merger.

The Ontario Securities Commission granted the requested relief, finding it would provide investors with more complete and accurate information and avoid unnecessary confusion.

The Filer, CIBC Asset Management Inc., applied for exemptive relief to extend the lapse date of the simplified prospectus for certain mutual funds from May 9, 2027, to August 13, 2027.

The extension was sought to consolidate the renewal of the May Prospectus with the August Prospectus of other funds managed by the Filer, thereby reducing costs and streamlining disclosure.

The Ontario Securities Commission granted the requested relief, finding it would not be prejudicial to the public interest.

The Filer applied for exemptive relief on behalf of its mutual funds from the illiquid asset restrictions in National Instrument 81-102.

The relief sought to allow the funds, as Qualified Institutional Buyers, to purchase 144A Securities without them being classified as illiquid assets.

The Ontario Securities Commission granted the relief, subject to conditions including that the funds remain Qualified Institutional Buyers at the time of purchase and that the securities are traded on a mature and liquid market.

The applicant applied for exemptive relief on behalf of an investment fund from the annual filing and delivery deadlines for audited financial statements under National Instrument 81-106.

The fund required additional time because its auditors needed the audited financial statements of underlying European funds, which had a later reporting deadline.

The Ontario Securities Commission granted the relief, extending the deadline to 180 days after the financial year-end, subject to conditions including notification to the sole securityholder.

Starlight Investments Capital LP applied for exemptive relief on behalf of certain mutual funds from the annual filing and delivery requirements for audited financial statements under National Instrument 81-106.

The funds invest primarily in underlying private investment entities and cannot obtain the necessary financial information to complete their own audits within the standard 90-day deadline.

The Ontario Securities Commission granted the requested relief, extending the deadline to 180 days, subject to certain conditions.

The applicant, an investment fund manager, applied for exemptive relief from the self-dealing and inter-fund trade restrictions in NI 81-102 and NI 31-103.

The relief was sought to permit two mutual funds to sell illiquid shares of a private issuer to an affiliated company.

The Ontario Securities Commission granted the requested relief, subject to conditions including that the shares remain unlisted, the purchase price remains unchanged, and the independent review committee's approval is not revoked.

The Filers applied to the Ontario Securities Commission for exemptive relief from various filing, delivery, and prospectus renewal requirements under National Instruments 81-106 and 81-107.

Due to the COVID-19 pandemic and the resulting shift to a work-from-home environment, the Filers faced challenges in meeting their regulatory deadlines, which fell outside the extension period provided by Blanket Order 81-503.

The Commission granted the requested relief, providing a 60-day extension for filings and deliveries due between June 2, 2020, and September 1, 2020, subject to notification and website posting conditions.

Starlight Investments Capital LP applied for exemptive relief on behalf of certain mutual funds to permit a fund-on-fund structure.

The relief sought exemptions from restrictions prohibiting an investment fund from knowingly making an investment in a person or company in which it is a substantial securityholder, and from restrictions regarding investments in issuers where an officer, director, or substantial securityholder has a significant interest.

The Ontario Securities Commission granted the requested relief, subject to conditions including that the investments are compatible with the funds' fundamental investment objectives and are effected at an objective price.

The Manager applied for exemptive relief under paragraph 5.5(1)(b) of National Instrument 81-102 to approve the mergers of several terminating mutual funds into continuing funds.

The mergers did not meet all criteria for pre-approved reorganizations because the fundamental investment objectives were not substantially similar, they were not qualifying exchanges under the Income Tax Act, and significant portfolio realignment was required.

The Ontario Securities Commission granted the requested approval, subject to the Manager obtaining prior approval from the securityholders of the terminating and continuing funds.

The applicant applied to the Ontario Securities Commission for approval to merge several terminating mutual funds into continuing mutual funds under paragraph 5.5(1)(b) of National Instrument 81-102.

The approval was required because the fundamental investment objectives of the continuing funds were not substantially similar to those of the terminating funds, and some mergers would not be completed as qualifying exchanges under the Income Tax Act.

The Commission granted the requested exemptive relief, subject to the applicant obtaining prior approval from the securityholders of the terminating funds.

The Filer applied for exemptive relief from the performance rating and ranking requirements in paragraphs 15.3(4)(c) and 15.3(4)(f) of National Instrument 81-102.

The relief was sought to permit the Filer's mutual funds to reference FundGrade A+ Awards and FundGrade Ratings in their sales communications.

The principal regulator granted the exemption, subject to specific disclosure conditions regarding the awards and ratings.

The applicant, an investment fund manager, applied for an exemption from paragraphs 15.3(4)(c) and 15.3(4)(f) of National Instrument 81-102 to permit its mutual funds to reference FundGrade A+ Awards, FundGrade Ratings, Lipper Awards, and Lipper Leaders Ratings in sales communications.

The principal regulator granted the exemption, finding that the ratings provide objective and transparent measures of performance, subject to specific disclosure conditions and time limits on the use of the awards.

The Filer applied to the Ontario Securities Commission for approval to merge the Horizons Emerging Marijuana Growers Index ETF into the Horizons US Marijuana Index ETF under paragraph 5.5(1)(b) of NI 81-102.

Regulatory approval was required because the funds did not have substantially similar fundamental investment objectives and the merger was not a qualifying exchange under the Income Tax Act.

The Commission granted the requested exemptive relief, subject to the Filer obtaining prior approval from the unitholders of the terminating fund.

The Filer applied for exemptive relief from the requirements in paragraphs 15.3(4)(c) and 15.3(4)(f) of National Instrument 81-102 Investment Funds.

The relief was sought to permit the Filer's mutual funds to reference FundGrade A+ Awards, FundGrade Ratings, Lipper Awards, and Lipper Leaders ratings in their sales communications.

The principal regulator granted the exemption, subject to specific disclosure conditions, finding that the ratings provide an objective and transparent measure of performance that is not misleading to investors.

The Filer, Frontenac Mortgage Investment Corporation, applied for exemptive relief to extend the time limits for filing its renewal prospectus.

The extension was requested to allow the Filer to complete its transition from oversight by the Investment Funds and Structured Products branch to the Corporate Finance branch of the Ontario Securities Commission.

The principal regulator granted the requested relief, finding that it would not affect the accuracy of the information in the current prospectus and would not be prejudicial to the public interest.

The Filer applied for exemptive relief from the concentration and reporting issuer requirements of National Instrument 81-102 to permit the Capital Fund to invest up to 10 percent of its net assets in a Luxembourg-regulated UCITS fund.

The principal regulator granted the requested relief, finding that the underlying fund is subject to substantially similar investment restrictions and practices as those applicable to mutual funds in Canada.

The relief was granted subject to conditions, including that the Capital Fund provide mandated disclosure and limit its investment to 10 percent of its net assets.

The applicant, Franklin Templeton Investments Corp., applied for exemptive relief to extend the lapse dates of the simplified prospectuses for several of its mutual funds to June 30, 2020.

The extension was requested to consolidate the prospectuses and establish a uniform filing timeline across the applicant's fund platform, reducing renewal and printing costs.

The Ontario Securities Commission granted the requested relief, finding it would not be prejudicial to the public interest.

The applicant, BlackRock Asset Management Canada Limited, applied for exemptive relief to extend the lapse dates of the prospectuses for several of its exchange-traded mutual funds to a uniform date of June 30, 2020.

The extension was sought to consolidate the prospectuses, reduce renewal and printing costs, and streamline operations across the applicant's ETF platform.

The Ontario Securities Commission granted the requested relief, finding it would not prejudice the public interest.

Lincluden Investment Management Limited applied to the Ontario Securities Commission for exemptive relief from the inter-fund trading prohibitions in National Instrument 81-102 and National Instrument 31-103.

The applicant sought permission for its public funds, pooled funds, and managed accounts to engage in inter-fund trades of debt securities and exchange-traded securities at the last sale price, and to permit in-specie subscriptions and redemptions between these entities.

The Commission granted the requested relief, subject to conditions including independent review committee approval, compliance with pricing requirements, and written client consent for managed accounts.

The Filer applied for exemptive relief on behalf of existing and future alternative mutual funds and mutual funds from certain provisions of National Instrument 81-102.

The requested relief would permit the alternative mutual funds to short sell government securities up to 300% of their net asset value, and permit the funds to deposit portfolio assets with a borrowing agent that is not the fund's custodian as security in connection with short sales, subject to certain limits.

The Ontario Securities Commission granted the requested short selling relief and custodial relief, subject to specified conditions.