Vera Nunes

Mackenzie Financial Corporation applied for exemptive relief on behalf of the Mackenzie Global Sustainability and Impact Balanced Fund from the concentration restriction in subsection 2.1(1) of National Instrument 81-102.

The relief sought to permit the Fund to invest up to 20% or 35% of its net asset value in certain highly-rated foreign government securities.

The Ontario Securities Commission granted the requested relief, subject to conditions including that the securities are traded on a mature and liquid market and that the Fund's simplified prospectus discloses the additional risks associated with concentration.

The applicant, an investment fund manager, applied to the Ontario Securities Commission for exemptive relief to extend the time limits for filing the renewal prospectus of certain mutual funds.

The extension was requested to provide adequate time to address and resolve issues raised in a pre-filing application with the principal regulator.

The Commission granted the requested relief, finding that it would not affect the general accuracy of the current offering documents and would not be prejudicial to the public interest.

The Filer applied on behalf of two mutual funds for an exemption from the concentration restriction in subsection 2.1(1) of National Instrument 81-102.

The exemption would permit the funds to invest up to 20% or 35% of their net asset value in evidences of indebtedness issued or guaranteed by certain foreign governments or supranational agencies, subject to specific credit rating requirements.

The principal regulator granted the requested relief, subject to conditions including that the securities are traded on a mature and liquid market and that the funds' prospectuses disclose the associated risks and the nature of the relief.

The applicant applied on behalf of a mutual fund for an exemption from the concentration restriction in subsection 2.1(1) of National Instrument 81-102.

The requested relief would permit the fund to invest up to 20% or 35% of its net asset value in evidences of indebtedness issued or guaranteed by certain foreign governments or supranational agencies, depending on their credit rating.

The Ontario Securities Commission granted the exemption, subject to conditions including that the securities are traded on a mature and liquid market and that the acquisition is consistent with the fund's fundamental investment objectives.

The applicant investment fund manager applied to the Ontario Securities Commission for exemptive relief on behalf of several mutual funds.

The applicant sought exemptions from National Instrument 81-102 and National Instrument 81-101 to permit the funds to include past performance data in their sales communications and fund facts, despite the data relating to a period before the funds became reporting issuers.

The Commission granted the requested relief, subject to conditions requiring specific disclosure about the funds' prior non-reporting status and the potential impact on expenses.

The Filer applied for exemptive relief under National Instrument 81-102 to permit the Capital Fund to invest up to 10 percent of its net assets in a Luxembourg-based UCITS fund.

The Filer also sought relief from certain derivatives and custodian requirements to allow its mutual funds to enter into cleared swaps and deposit margin with futures commission merchants.

The Ontario Securities Commission granted the requested relief, subject to conditions ensuring the underlying fund remains subject to UCITS rules and the clearing corporations meet specified regulatory standards.

CI Investments Inc. and Assante Capital Management Ltd. applied for exemptive relief from the Pre-Sale Fund Facts Delivery Requirement for mutual fund purchases made pursuant to an Automatic Switching Program.

They also sought relief to permit the preparation of a Multiple Fund Facts Document that deviates from certain Form 81-101F3 requirements.

The Ontario Securities Commission granted the requested relief, subject to conditions including specific prospectus disclosure and investor notification plans.

The Filer, CI Investments Inc., applied for exemptive relief from the requirement under NI 81-106 to send an information circular to each registered holder of securities whose proxy is solicited.

The Filer sought to use a Notice-and-Access Procedure instead, similar to the procedure available to corporate finance issuers under NI 51-102 and NI 54-101.

The Ontario Securities Commission granted the exemption, subject to conditions ensuring securityholders receive a Notice-and-Access Document and retain the ability to request printed copies of the information circular.

TD Asset Management Inc. applied for exemptive relief from the requirements of paragraphs 15.3(4)(c) and 15.3(4)(f) of National Instrument 81-102.

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

The Ontario Securities Commission granted the exemption, subject to specific disclosure conditions, finding that the ratings provide an objective and transparent measure of performance.

The applicant, SPR & Co LP, applied to the Ontario Securities Commission for exemptive relief from certain prohibitions in National Instrument 31-103.

Specifically, the applicant sought relief to permit pooled funds to invest in related pooled funds or NI 81-102 funds, to permit inter-fund trades between related funds and managed accounts, and to permit in specie subscriptions and redemptions.

The Commission granted the requested relief, subject to various conditions including independent review committee approval, pricing requirements, and client consent.

The Filer applied for exemptive relief from the prohibitions in NI 81-102 and NI 31-103 to permit its investment funds to engage in inter-fund trades of debt securities and exchange-traded securities.

The Ontario Securities Commission granted the requested relief, subject to conditions including that the trades be consistent with the funds' investment objectives, be approved by the independent review committee, and comply with the pricing and execution requirements of NI 81-107.

The applicant, Aberdeen Asset Management Inc., applied for approval of an indirect change of control under section 5.5(1)(a.1) of National Instrument 81-102.

The change of control resulted from a proposed merger between Aberdeen Asset Management PLC and Standard Life plc.

The Ontario Securities Commission granted the requested exemptive relief, finding that the merger would not adversely affect the operation and administration of the investment fund.

The Filer applied on behalf of two mutual funds for an exemption from the concentration restriction in subsection 2.1(1) of National Instrument 81-102.

The exemption sought would permit the funds to invest up to 20% or 35% of their net asset value in highly rated foreign government securities.

The Ontario Securities Commission granted the exemption, subject to conditions including that the securities are traded on a mature and liquid market and that the funds' simplified prospectus discloses the additional risks and the nature of the exemption.

The applicant, Invesco Canada Ltd., applied for exemptive relief under National Instrument 81-102 to approve the merger of the Invesco Emerging Markets Debt Fund into the Invesco Global Bond Fund.

The merger required regulatory approval because it did not meet all pre-approval criteria, specifically as it was to be effected on a taxable basis to preserve loss carryforwards and the fundamental investment objectives were not substantially similar.

The Principal Regulator granted the requested relief, subject to unitholder approval at a special meeting.

The applicant applied for exemptive relief under section 19.1 of National Instrument 81-102 to permit certain mutual funds to invest up to 10% of their net assets in units of specific underlying pooled funds that are not reporting issuers.

The principal regulator granted the requested relief, subject to conditions including that the underlying pooled funds comply with Parts 2, 4, and 6 of NI 81-102 and Part 14 of NI 81-106, and that the mutual funds disclose the potential investments in their prospectuses.

The applicants applied to the Ontario Securities Commission for approval of a change of manager for several investment funds from Sprott Asset Management LP to SPR & CO LP.

The proposed transaction involved the sale of the right to manage the funds.

The Commission granted the requested approval under section 5.5(1)(a) of National Instrument 81-102, finding that the change of manager met the applicable regulatory requirements.

The Filer, R Split III 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.

The Filer represented that its outstanding securities are beneficially owned by fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide, and that its securities are not traded on any marketplace.

The principal regulator granted the order, finding that the test set out in the legislation was met.

The applicant, Excel Funds Management Inc., applied to the Ontario Securities Commission to vary a prior decision granting exemptive relief from paragraph 2.5(2)(a) of National Instrument 81-102.

The requested variation sought to eliminate a condition that prohibited units of the Funds from being sold to any mutual fund subject to NI 81-102.

The principal regulator granted the requested exemption, permitting mutual funds subject to NI 81-102 to invest in the Funds.

The Filer applied for exemptive relief from section 4.4 of National Instrument 81-106 to permit the NexGen Funds to show the historical financial highlights and past performance of their Regular Front End Load and Deferred Load series securities in the management reports of fund performance for their newly re-designated Series A securities.

The principal regulator granted the requested relief, provided that the management reports of fund performance disclose the re-designations and note that the information is derived from historical data of the previous series.

The Manager applied for exemptive relief under National Instrument 81-102 to approve the proposed reorganization of several terminating mutual funds into continuing mutual funds.

The Ontario Securities Commission granted the requested relief, finding that the mergers would provide economies of scale, broader investment mandates, increased diversification, and similar or lower fees for securityholders.