Vera Nunes

The applicant, an investment fund manager, applied for exemptive relief on behalf of several mutual funds from certain requirements in NI 81-101 and NI 81-102.

The relief sought to permit the funds to use the start dates, expense information, performance data, and financial highlights of existing series for newly re-designated Series A securities.

The principal regulator granted the requested relief, allowing the funds to deviate from the standard prospectus and fund facts forms to reflect the historical data of the predecessor series.

The Filer applied for exemptive relief on behalf of several mutual funds to permit them to file a simplified prospectus that combines Part B disclosure for Top Corporate Funds and their corresponding Underlying Trust Funds.

The principal regulator granted the exemption, noting that the funds share substantially similar investment objectives, strategies, and portfolios, and that the relief extends a previously granted exemption.

The Filer applied for exemptive relief on behalf of existing and future investment funds it manages, seeking an exemption from the requirement under NI 81-106 to send an information circular to each registered securityholder whose proxy is solicited.

The Filer requested permission to use a Notice-and-Access Procedure similar to that available to corporate finance issuers under NI 51-102 and NI 54-101.

The Ontario Securities Commission granted the exemption, subject to numerous conditions regarding the content, timing, and delivery of the Notice-and-Access Document and related materials.

CI Investments Inc. applied for exemptive relief on behalf of its mutual funds to permit them to invest in exchange-traded funds (ETFs) that are not index participation units.

The requested relief included exemptions from the concentration restriction, control restriction, and brokerage fee restrictions under National Instrument 81-102.

The Ontario Securities Commission granted the requested exemptions, subject to conditions including that the investments align with the funds' objectives and that U.S. ETF investments do not exceed 10% of a fund's net asset value.

The applicant, Brandes Investment Partners & Co., applied for exemptive relief on behalf of several mutual funds (the Top Funds) from the prohibitions in paragraphs 2.5(2)(a) and 2.5(2)(c) of National Instrument 81-102.

The relief sought to permit the Top Funds to invest up to 10% of their net assets in units of two underlying pooled funds that are not subject to NI 81-102 and whose securities are not qualified for distribution.

The Ontario Securities Commission granted the requested relief, subject to conditions ensuring the underlying pooled funds comply with relevant parts of NI 81-102 and NI 81-106, and that appropriate disclosure is made in the Top Funds' prospectuses.

The Filer applied for exemptive relief from the inter-fund trading restrictions in National Instrument 31-103 to permit its managed funds and accounts to trade exchange-traded securities with each other at the Last Sale Price rather than the Closing Sale Price.

The principal regulator granted the relief, subject to conditions including independent review committee approval and compliance with National Instrument 81-107 pricing requirements adapted for the Last Sale Price.

The applicant, Russell Investments Canada Limited, applied for exemptive relief from the requirements of National Instrument 81-102 to permit its mutual funds to reference FundGrade A+ Awards and FundGrade Ratings in their sales communications.

The Ontario Securities Commission granted the exemption, subject to conditions including specific disclosure requirements and a limitation that the referenced award must not have been awarded more than 365 days before the date of the sales communication.

The Filer applied for exemptive relief from paragraphs 15.3(4)(c) and 15.3(4)(f) of National Instrument 81-102 to permit its mutual funds to reference FundGrade A+ Awards and FundGrade Ratings in sales communications.

The principal regulator granted the exemption, subject to conditions requiring specific disclosure about the ratings and awards, including the category, ranking entity, and methodology, to ensure the communications are not misleading.

The Filer applied to the Ontario Securities Commission for exemptive relief from paragraphs 15.3(4)(c) and 15.3(4)(f) of National Instrument 81-102.

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

The Commission granted the requested exemption, subject to specific disclosure requirements and conditions regarding the use of the awards and ratings.

The Filer applied to the Ontario Securities Commission for exemptive relief from paragraphs 15.3(4)(c) and 15.3(4)(f) of National Instrument 81-102.

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

The Commission granted the exemption, subject to specific disclosure requirements and conditions regarding the use of the awards and ratings.

The Filers applied to the Ontario Securities Commission 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 Filers' mutual funds to reference FundGrade A+ Awards and FundGrade Ratings in their sales communications, despite these ratings not matching the standard performance data periods or meeting the strict publication timing requirements.

The Commission granted the requested relief, subject to specific disclosure conditions and a requirement that the referenced awards be no more than 365 days old.

The applicants 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 mutual funds managed by the applicants to reference FundGrade A+ Awards and FundGrade Ratings in their sales communications.

The principal regulator granted the requested relief, subject to specific disclosure conditions and time limits for referencing the awards.

The Filer, Algonquin Capital Corporation, applied for exemptive relief on behalf of itself and certain investment funds (the Top Funds) to permit the Top Funds to invest in Underlying Funds managed by the Filer.

The requested relief included exemptions from related issuer restrictions and consent requirements under National Instrument 31-103.

The Ontario Securities Commission granted the requested relief, subject to conditions including disclosure requirements and restrictions on fee duplication, finding that the fund-on-fund structure would provide economies of scale and benefit investors.

The Filer applied to the Ontario Securities Commission for approval of the mergers of several mutual fund classes into corresponding mutual fund trusts under paragraph 5.5(1)(b) of NI 81-102.

The mergers did not qualify for pre-approval under section 5.6 because they could not be effected on a tax-deferred basis.

The Commission granted the requested exemptive relief, subject to the Filer obtaining prior securityholder approval for the mergers.

The applicant, on behalf of its mutual funds, applied for exemptive relief from certain requirements of National Instrument 81-102 and National Instrument 81-101.

The applicant sought permission to show the performance data of corresponding F Series and ISC Series securities for the time period prior to the launch of new P Series and E Series securities in sales communications.

The applicant also sought relief to prepare a Consolidated Fund Facts Document that deviates from certain requirements in Form 81-101F3 to include program disclosure for its tiered series.

The Ontario Securities Commission granted the requested relief, subject to conditions requiring specific past performance disclosure and program disclosure.

The applicants, CI Investments Inc. and Assante Capital Management Ltd., applied to the Ontario Securities Commission for exemptive relief from the Pre-Sale Fund Facts Delivery Requirement and the requirement to prepare a Fund Facts in the form of Form 81-101F3.

The applicants sought to implement an Automatic Switching Program that would automatically switch investors into classes of securities with progressively lower combined management and administration fees based on their asset levels.

The Commission granted the requested relief, permitting the applicants to prepare a Multiple Fund Facts Document containing program disclosure and exempting dealers from delivering a Fund Facts document for purchases made pursuant to the automatic switches, subject to certain notification and disclosure conditions.

The applicant, an investment fund manager, 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 applicant's mutual funds to reference FundGrade A+ Awards and FundGrade Ratings in their sales communications.

The principal regulator granted the requested relief, subject to specific disclosure conditions and time limitations on the use of the awards.

The applicant, as manager of an investment fund, applied to the Director of the Ontario Securities Commission for exemptive relief under section 19.1 of National Instrument 41-101.

The applicant sought relief from subsection 2.3(1.1), which prohibits filing a final prospectus more than 90 days after the receipt for the preliminary prospectus.

The Director granted the exemption, subject to the condition that the final prospectus be filed by February 12, 2017.

The applicant, an investment fund manager, applied for exemptive relief on behalf of several mutual funds from certain provisions of National Instrument 81-102.

The relief sought to permit the funds to enter into cleared swaps and to deposit cash and other portfolio assets as margin directly with a Futures Commission Merchant and indirectly with a Clearing Corporation.

The principal regulator granted the requested relief, subject to conditions regarding the regulatory status and financial requirements of the Futures Commission Merchant and limits on the amount of margin deposited.

The Filer applied to the Ontario Securities Commission for exemptive relief to extend the lapse date of the prospectus for the First Asset Short Term Government Bond Index Class ETF.

The Filer sought to align the Fund's prospectus renewal with three affiliated ETFs to reduce costs and streamline disclosure.

The Commission found that the extension would not prejudice the public interest, as there were no material changes to the Fund and the current prospectus remained accurate.

The requested relief was granted.