Sarah B. Kavanagh

BioTime, Inc. applied to the Ontario Securities Commission for an exemption from the prospectus requirement under section 53 of the Securities Act.

The exemption was sought in connection with the proposed distribution of common shares of its majority-owned subsidiary, OncoCyte Corporation, by way of a pro rata dividend in specie to BioTime shareholders resident in Canada.

The Commission granted the exemption, provided that the first trade in the OncoCyte shares acquired pursuant to the distribution is deemed to be a distribution unless the conditions in section 2.6 or 2.14(1) of National Instrument 45-102 are satisfied.

The Filer applied for exemptive relief from the dealer registration and prospectus requirements in respect of trades in mutual fund securities to capital accumulation plans (CAPs) and non-tax assisted CAPs.

The Ontario Securities Commission granted the relief, subject to conditions including disclosure requirements, investment decision-making tools, and contribution limits for non-tax assisted CAPs.

The Applicant, Salix Pharmaceuticals, Ltd., applied for a decision under the securities legislation of multiple jurisdictions that it is not a reporting issuer.

Following a merger, the Applicant's outstanding securities were beneficially owned by fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide.

The Ontario Securities Commission, acting as principal regulator, granted the requested exemptive relief.

The Filer applied for a decision under the securities legislation of Ontario and Alberta that it is no longer a reporting issuer.

Following a plan of arrangement, the Filer became a wholly-owned subsidiary of Oban Mining Corporation, and its securities were delisted.

The Ontario Securities Commission, acting as principal regulator, granted the exemptive relief sought, determining that the Filer met the requirements to cease being a reporting issuer.

The Filer, John Deere Financial Inc., applied to the securities regulatory authorities in multiple Canadian jurisdictions for a decision that it is no longer a reporting issuer.

The Filer's only outstanding securities, other than common shares held by its parent, were commercial paper issued under a US program.

The Filer intended to issue future commercial paper under a Canadian program in reliance on the short-term debt prospectus exemption.

The Ontario Securities Commission, acting as principal regulator, granted the exemptive relief and revoked the Filer's reporting issuer status.

The applicant applied for exemptive relief from the prospectus and dealer registration requirements of Ontario securities legislation in connection with a global employee share offering.

The offering involved the issuance of units in a French collective shareholding vehicle (FCPE) to Canadian employees.

The Ontario Securities Commission granted the requested relief, subject to conditions regarding the first trade of the units or underlying shares, ensuring they are traded outside of Canada or to persons outside of Canada.

Sightline Pension Solutions Inc. applied to the Ontario Securities Commission for exemptive relief from the dealer registration and prospectus requirements in respect of trades in mutual funds to Capital Accumulation Plans (CAPs) and Non-Tax Assisted CAPs.

The Commission granted the requested relief, subject to conditions including disclosure requirements, investment decision-making tools, and contribution limits for Non-Tax Assisted CAPs.

The filer, NewGen Asset Management Limited, applied for exemptive relief on behalf of itself and certain investment funds (the Top Funds) from the related issuer and consent restrictions under the Securities Act and National Instrument 31-103.

The relief was sought to permit the Top Funds to invest all or substantially all of their assets in underlying funds managed by the same filer, creating a fund-on-fund structure.

The Ontario Securities Commission granted the requested relief, subject to conditions including that the Top Funds' securities are distributed solely pursuant to prospectus exemptions, no duplicative fees are charged, and appropriate disclosure is provided to investors.

The filers applied for exemptive relief from the insider reporting requirements under subsection 107(2) of the Securities Act and section 3.3 of National Instrument 55-104.

The relief was sought in connection with the disposition of common shares pursuant to an automatic securities disposition plan, which was established to allow the insider to maintain its proportionate ownership during the company's normal course issuer bid.

The Ontario Securities Commission granted the exemption, subject to the condition that the insider file an annual summary report of all dispositions under the plan.

The Filers applied to the Ontario Securities Commission for exemptive relief from the requirement under section 8.2(4) of National Instrument 81-105 to obtain written consent from existing clients prior to completing trades in related mutual funds.

The requirement was triggered by Manulife Financial Corporation's acquisition of Standard Life Financial Inc., which made the Filers related to Standard Life Mutual Funds.

The Commission granted the exemption under section 9.1 of NI 81-105, noting the administrative burden of obtaining consent from all existing clients and the disclosure already provided to clients regarding the acquisition.

The Filer, Mood Media Corporation, applied for a decision under the securities legislation that the first trade of Settlement Shares issued pursuant to a lawsuit settlement be exempt from the prospectus requirement.

The Ontario Securities Commission granted the exemptive relief, provided that the Toronto Stock Exchange conditionally approves the listing of the shares, the first trade satisfies the conditions in subsection 2.6(3) of National Instrument 45-102, and the issuance is disclosed in the Filer's interim financial statements.

The Applicant, as manager of two investment funds, applied for a decision that the funds cease to be reporting issuers.

The funds had no unitholders in the series qualified by their simplified prospectuses, and all other unitholders were institutional accredited investors or clients of an affiliate in managed accounts.

The Commission granted the requested exemptive relief, noting that the funds would continue as pooled funds subject to applicable regulatory obligations.

The applicant applied to the Ontario Securities Commission for exemptive relief to permit its Top Funds to invest in its Underlying Funds, despite statutory restrictions on investment funds knowingly making investments in related persons or substantial security holders.

The Commission granted the requested relief, revoking and replacing a prior relief order, subject to conditions ensuring compatibility of investment objectives, avoidance of duplicate fees, and adequate disclosure to investors.

Bear Lake Gold Ltd. applied for a decision that it is no longer a reporting issuer in Ontario and Alberta.

Following an amalgamation, the Filer became a wholly-owned subsidiary of Kerr Mines Inc., with no other securities outstanding.

The Filer's common shares were delisted from the TSX Venture Exchange.

The Ontario Securities Commission, acting as principal regulator, granted the requested exemptive relief.

The applicant, an investment fund manager, applied to the Ontario Securities Commission for exemptive relief from the investment restrictions in the securities legislation.

The restrictions prohibit an investment fund from knowingly making an investment in a person or company in which the investment fund is a substantial security holder, or in an issuer in which an officer, director, or substantial security holder has a significant interest.

The relief was sought to permit the top funds to invest in the underlying funds, which are managed by the same manager, in a fund-on-fund structure.

The Commission granted the requested relief, subject to conditions including that the top funds' securities are distributed solely pursuant to prospectus exemptions and that no duplicative fees are payable.

The applicant sought an exemption from the prospectus requirements under Ontario securities legislation in connection with a spin-off transaction.

The transaction involved the distribution of shares of a wholly-owned subsidiary to the applicant's shareholders by way of a dividend in specie.

The Ontario Securities Commission granted the exemptive relief, provided that the first trade in the distributed shares is deemed a distribution unless certain resale conditions are met.

The Filer applied for an exemption from the prospectus requirement in connection with the distribution of Class A Units that have been repurchased or redeemed by the Filer.

The Ontario Securities Commission granted the exemptive relief, permitting the resale of the units subject to conditions including compliance with National Instrument 45-102 and exchange regulations.

The Filer, Agilent Technologies, Inc., applied for an exemption from the prospectus requirements under Ontario securities legislation in connection with the spin-off of its subsidiary, Keysight Technologies, Inc. The spin-off involved a distribution of Keysight shares by way of a dividend in specie to the Filer's shareholders, including a de minimis number of Canadian shareholders.

The Ontario Securities Commission granted the exemption, provided that the first trade in the Keysight shares acquired pursuant to the spin-off is deemed a distribution unless the conditions in National Instrument 45-102 are satisfied.

The Filer, Donville Kent Asset Management Inc., applied for exemptive relief from the mutual fund conflict of interest restrictions in the Securities Act.

The relief was sought to allow the Top Funds to invest in more than 20% of the outstanding voting securities of an underlying fund, creating a fund-on-fund structure.

The Ontario Securities Commission granted the requested relief, subject to several conditions including that the securities of the Top Fund are distributed solely pursuant to prospectus exemptions and that no duplicative management or sales fees are payable.

The applicant investment fund manager applied for exemptive relief on behalf of a trust and a limited partnership under common management.

The relief sought exemptions from mutual fund self-dealing restrictions, reporting requirements, and conflict of interest provisions under the Securities Act (Ontario) and National Instrument 31-103.

The relief was required to allow the trust to invest all or substantially all of its net assets in the partnership.

The Ontario Securities Commission granted the requested relief, subject to conditions including that the trust's securities are distributed solely pursuant to prospectus exemptions and that no duplicative management or sales fees are payable.