Rhonda Goldberg

The applicant, Purpose Investments Inc., applied on behalf of its existing and future exchange-traded funds for exemptive relief from the underwriter's certificate requirement and the prospectus form requirement under the Securities Act.

The Ontario Securities Commission granted the requested relief, subject to conditions including the filing and delivery of a prescribed Summary Document for each class or series of ETF securities.

The relief aligns with the Canadian Securities Administrators Point of Sale Disclosure Initiative and is subject to a sunset clause.

The applicant, RBC Global Asset Management Inc., applied for exemptive relief on behalf of its existing and future exchange-traded funds (ETFs).

The requested relief sought exemptions from the requirement to include an underwriter's certificate in the ETFs' prospectuses and the requirement to include a prescribed statement respecting purchasers' statutory rights.

The Ontario Securities Commission granted the relief, subject to conditions including the filing and delivery of a Summary Document for each class or series of ETF securities, consistent with the CSA Point of Sale Disclosure Initiative.

The applicant applied to the Ontario Securities Commission for exemptive relief on behalf of its existing and future exchange-traded funds.

The applicant sought relief from the requirement to include an underwriter's certificate in the funds' prospectuses and the requirement to include a prescribed statement of purchasers' statutory rights.

The applicant also sought to vary previous decisions granting similar relief.

The Commission granted the requested exemptions, subject to conditions including the filing and delivery of a prescribed Summary Document for each class or series of ETF securities.

The relief was granted to facilitate the continuous distribution of ETF units and align with the Canadian Securities Administrators' Point of Sale Disclosure Initiative.

The Filer applied for exemptive relief on behalf of its exchange-traded funds from the requirement to include an underwriter's certificate in the prospectus and the requirement to include a prescribed statement of purchasers' statutory rights.

The principal regulator granted the relief, subject to conditions including the filing and delivery of a Summary Document for each class or series of ETF securities, and revoked prior related exemptive relief decisions.

The applicant, First Asset Investment Management Inc., applied on behalf of its existing and future exchange-traded funds for exemptive relief from the requirement to include an underwriter's certificate in the funds' prospectus and the requirement to include a prescribed statement respecting purchasers' statutory rights.

The Ontario Securities Commission granted the requested relief, subject to conditions including the filing and delivery of a prescribed Summary Document for each fund, and revoked prior related exemptive relief decisions.

The filers, managers of exchange-traded funds, applied for exemptive relief from the requirement to include an underwriter's certificate in the funds' prospectuses and the requirement to include a prescribed statement of purchasers' statutory rights.

The Ontario Securities Commission granted the relief, subject to conditions including the filing and delivery of a prescribed Summary Document for each fund, consistent with the CSA Point of Sale Disclosure Initiative.

Previous decisions granting similar relief were varied or revoked.

The Filer applied for exemptive relief on behalf of its existing and future exchange-traded funds from the requirement to include an underwriter's certificate in the prospectus and the requirement to include a prescribed statement of purchasers' statutory rights.

The Ontario Securities Commission granted the relief, subject to conditions including the filing and delivery of a Summary Document for each class or series of ETF securities, and revoked prior related relief.

The applicant applied for exemptive relief from section 4.1(2) of National Instrument 81-102 on behalf of several mutual funds.

The relief was sought to permit the funds to purchase non-exchange traded debt securities issued by related persons in the primary and secondary markets, following the acquisition of the applicant's parent company by a bank.

The Ontario Securities Commission granted the relief, subject to conditions including independent review committee approval and pricing requirements.

The Manager of the TIS Preservation & Growth Fund applied for exemptive relief under NI 81-102 to suspend redemptions of units of the Fund.

The Fund was in default of illiquid asset restrictions due to its holdings in Alebra Technologies Inc. The Commission granted the requested approval to suspend redemptions until June 30, 2011, subject to conditions including the distribution of liquid assets, cessation of management fees, and eventual termination of the Fund.

The Filer applied for exemptive relief from the multi-layering prohibition in section 2.5(2)(b) of National Instrument 81-102 to permit Tactical Class to invest in Tactical Fund, which in turn invests in underlying funds and ETFs.

The Ontario Securities Commission granted the relief, finding that the proposed three-tier fund structure is no more complex than currently permitted structures and provides adequate transparency and accountability.

The applicants, TD Asset Management Inc. and TD Waterhouse Private Investment Counsel Inc., applied for an exemption from the requirement under clause 5.1(c) of National Instrument 81-102 to obtain prior unitholder approval before changing the fundamental investment objective of the TD Private Small/Mid-Cap Equity Fund.

All unitholders of the fund were clients who had entered into discretionary investment management agreements giving full discretionary authority to the portfolio manager.

The Ontario Securities Commission granted the exemption, noting that a unitholder meeting would represent an unnecessary expense and inconvenience given the discretionary nature of the accounts.

The Manager applied on behalf of the ETFs for exemptive relief from the 90-day limit for filing a final prospectus after the receipt of a preliminary prospectus under section 2.3(1) of National Instrument 41-101.

The Director of the Ontario Securities Commission granted the requested exemption, permitting the final prospectus to be filed no later than April 30, 2010.

The applicant, an investment fund, applied for exemptive relief from the requirement under National Instrument 81-106 to calculate its net asset value daily.

The fund uses specified derivatives and sought permission to calculate its net asset value on a weekly basis.

The Ontario Securities Commission granted the exemption, subject to the conditions that the fund's Class A units are listed on the TSX and that the net asset value is calculated at least weekly.

The applicants sought exemptive relief under National Instrument 81-102 to approve the merger of two mutual funds into a continuing fund by way of amalgamation.

The approval was required because the merger did not meet all pre-approval criteria, specifically because the continuing funds were new and lacked their own simplified prospectus and financial statements, and the amalgamation might not technically constitute a wind-up of the existing funds.

The Ontario Securities Commission granted the requested exemptive relief, allowing the amalgamation to proceed.

The Filers applied for exemptive relief from certain provisions of National Instrument 81-106 to permit continuing funds, following an amalgamation, to include the financial highlights and past performance of the corresponding existing funds in their annual and interim management reports of fund performance.

The Ontario Securities Commission granted the requested exemption, noting that the continuing funds would have the same investment objectives, strategies, and portfolio assets as the existing funds, and that the financial data of the existing funds would assist investors in making informed decisions.

The applicant sought approval for an indirect change of control of the manager of the Primerica Concert Funds and an abridgement of the 60-day notice requirement to unitholders to 50 days.

The change of control resulted from an internal reorganization and subsequent initial public offering and private sale of shares.

The Ontario Securities Commission granted the requested relief, conditional on unitholders receiving at least 50 days' notice and no changes being made to the management and administration of the funds for at least 60 days following the notice date.

The applicants sought exemptive relief from the self-dealing provisions of National Instrument 81-102 to permit inter-fund trades in debt securities between mutual funds, pooled funds, and closed-end funds managed by the same manager or an affiliate.

The Ontario Securities Commission granted the relief, provided that the independent review committee of each participating fund approves the trade and the trade complies with the conditions in section 6.1(2) of National Instrument 81-107.

The Filers applied for exemptive relief from the self-dealing provisions in section 13.5(2) of National Instrument 31-103 to permit inter-fund trades between mutual funds, pooled funds, closed-end funds, and managed accounts managed by the same manager or an affiliate.

The Ontario Securities Commission granted the relief, subject to conditions including independent review committee approval or client consent, finding that it would result in cost and timing efficiencies and more reliable compliance procedures.

The applicant, a mutual fund dealer, applied for exemptive relief from the commingling prohibitions in National Instrument 81-102.

The applicant sought to commingle cash received for mutual fund transactions with cash received for other permitted securities in a single trust account to facilitate administrative economies.

The Ontario Securities Commission granted the requested relief, subject to the condition that the relief terminates if the Mutual Fund Dealers Association Investor Protection Corporation reduces its coverage for such commingled cash.

The applicant sought exemptive relief under National Instrument 81-102 to approve a change of manager for a mutual fund.

The proposed change would result from the amalgamation of the current manager and the applicant.

The Ontario Securities Commission granted the approval, conditional upon the manager obtaining prior approval from the fund's securityholders at a special meeting and satisfying specific proxy solicitation and circular review requirements.