Paulette Kennedy

The Filer, a registered investment dealer, applied for exemptive relief from the requirement under subsection 36(1) of the Securities Act to send trade confirmations to institutional customers for DAP/RAP trades in equity securities.

The Ontario Securities Commission granted the relief, subject to conditions including that the customers consent in writing, use a matching service utility, and have real-time access to trade details.

The relief expires the day after National Instrument 31-103 comes into effect.

The applicants, Cardinal Health, Inc. and Carefusion Corporation, applied to the Ontario Securities Commission for exemptive relief from the prospectus and dealer registration requirements under the Securities Act.

The relief was sought in connection with a proposed spin-off transaction involving the distribution of shares of a newly created subsidiary to existing shareholders, as well as the distribution of certain security compensation awards to Canadian resident employees.

The Commission granted the requested relief, subject to conditions regarding the resale of the distributed securities.

The applicants, a subsidiary reporting issuer and its parent fund, applied for exemptive relief from continuous disclosure, certification, audit committee, corporate governance, and insider reporting requirements.

The subsidiary had exchangeable shares and convertible debentures outstanding that did not strictly meet the definitions of 'designated exchangeable securities' or 'designated credit support securities' under National Instrument 51-102.

The Ontario Securities Commission granted the requested relief, subject to conditions substantially similar to those in sections 13.3 and 13.4 of NI 51-102, noting that compliance by the subsidiary would provide limited value to investors since its economic value is tied to the parent fund.

ALPHAPRO Management Inc. applied for exemptive relief from the dealer registration requirement, the requirement for an underwriter's certificate in the prospectus, and take-over bid requirements in connection with the distribution and trading of units of its exchange-traded funds.

The Ontario Securities Commission granted the requested relief, subject to conditions including compliance with Part 15 of National Instrument 81-102 for sales communications and an undertaking by unitholders not to exercise votes representing more than 20% of outstanding units in connection with take-over bids.

The applicants sought an exemption from the insider reporting requirements under section 107(2) of the Securities Act.

The exemption was requested for the exercise of options and the acquisition, transfer, and disposition of common shares pursuant to an automatic share disposition plan.

The Ontario Securities Commission granted the requested relief, subject to the condition that the insider file an annual summary report disclosing the transactions.

The Filer, Invesco Trimark Ltd., applied for exemptive relief from subsection 5.1(a) of National Instrument 81-105 Mutual Fund Sales Practices.

The Filer sought permission to pay participating dealers for direct costs incurred relating to cooperative marketing initiatives where the primary purpose is to provide educational information concerning tax or estate planning matters.

The Ontario Securities Commission granted the exemption, subject to several conditions, including that the Filer does not require dealers to sell its funds and that the materials contain only general educational information.

Alpha ATS L.P. applied for exemptive relief from the requirement to be recognized as a stock exchange or exchange under the securities legislation of multiple jurisdictions, and for passport relief from the advance notice requirement under paragraph 6.6(b) of National Instrument 21-101 Marketplace Operation.

The relief was sought in connection with the operation of an Odd Lot Facility, which could be considered as providing a guarantee of a two-sided market.

The Ontario Securities Commission, acting as principal regulator, granted the requested exemptive relief subject to conditions, including compliance with ATS Rules and notification requirements if certain trading thresholds are met.

Mackenzie Financial Corporation applied for exemptive relief on behalf of the Symmetry Top Funds to permit them to invest in the Symmetry Managed Return Pool.

The relief sought exemptions from mutual fund conflict of interest investment restrictions, reporting requirements, and self-dealing prohibitions under the Securities Act.

The Ontario Securities Commission granted the requested exemptions, subject to the condition that the investments comply with section 2.5 of National Instrument 81-102, except as permitted by prior relief.

The filer, Hewlett-Packard Company, applied for exemptive relief from the dealer registration and prospectus requirements under the Securities Act for trades in common shares to option holders following a merger with EDS.

The filer also sought relief from the registration requirement for the first trade of these shares.

The Ontario Securities Commission granted the requested relief, subject to conditions including that the filer is not a reporting issuer in any Canadian jurisdiction except Quebec, Canadian residents hold less than 10% of the outstanding shares, and trades are made through an exchange outside of Canada or to a person outside of Canada.

The applicants, Aurion Capital Management Inc. and two pooled funds, applied for an exemption from the self-dealing restrictions under the Securities Act.

The exemption was sought to permit the funds to continue holding securities of issuers that would become substantial securityholders of the management company following a change in control.

The Ontario Securities Commission granted the exemption, noting that the investments were made prior to the change in control and that a forced disposition would not be in the best interests of the funds.