Neeti Varma

The applicant applied for exemptive relief on behalf of a mutual fund to permit it to invest in exchange-traded funds that seek to provide daily results replicating a specified index by an inverse multiple of up to 100%, which do not qualify as index participation units.

The principal regulator granted the relief, exempting the fund from paragraphs 2.5(2)(a) and 2.5(2)(c) of National Instrument 81-102, subject to conditions including a 10% net asset value investment limit and specific prospectus disclosure requirements.

Galileo Global Equity Advisors Inc. applied for exemptive relief from the trading prohibitions in paragraph 13.5(2)(b) of National Instrument 31-103.

The applicant sought permission to conduct inter-fund trades and in specie transactions between various public funds, pooled funds, and managed accounts.

The Ontario Securities Commission granted the requested exemption, subject to conditions including independent review committee approval and compliance with specific pricing and valuation requirements.

The applicant applied to the Ontario Securities Commission for an order to cease being a reporting issuer in all applicable Canadian jurisdictions.

The applicant represented that it is not an OTC reporting issuer, its securities are beneficially owned by fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide, its securities are not traded on any marketplace, and it is not in default of securities legislation.

The principal regulator granted the requested order, finding that the statutory tests were met.

Ninepoint Partners LP applied for exemptive relief on behalf of several investment funds from certain provisions of National Instrument 81-102.

The requested relief sought to permit the funds to enter into Cleared Swaps and deposit cash or other portfolio assets as margin with a Futures Commission Merchant.

The Ontario Securities Commission granted the requested relief, subject to specific conditions regarding the clearing corporations and margin deposits.

Ninepoint Partners LP applied for exemptive relief on behalf of several investment funds to permit them to invest indirectly in physical commodities through Commodity ETFs and to invest in certain leveraged, inverse, and commodity ETFs that do not qualify as index participation units under National Instrument 81-102.

The Ontario Securities Commission granted the requested relief, subject to conditions limiting the funds' exposure to physical commodities and the proportion of their net asset value that may be invested in such ETFs.

Global Champions Split Corp. applied to the Ontario Securities Commission for an order declaring that it has ceased to be a reporting issuer in all jurisdictions of Canada where it is currently a reporting issuer.

The applicant represented that it is not an OTC reporting issuer, its outstanding securities are beneficially owned by fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide, and its securities are not traded on any marketplace.

The principal regulator found that the applicant met the test under the securities legislation and granted the order.

The Filer applied for exemptive relief under National Instrument 81-102 to permit its mutual funds to invest up to 10% of their net assets in the Invesco Emerging Market Corporate Bond Fund, a UCITS fund governed by the laws of Luxembourg.

The principal regulator granted the requested relief, subject to conditions including that the Underlying Fund remains subject to substantially similar investment restrictions and that the Top Funds provide mandated disclosure.