Wes M. Scott

The Filer, a mutual fund manager, applied for exemptive relief from subsection 5.1(a) of National Instrument 81-105 to permit it to pay participating dealers for direct costs incurred relating to cooperative marketing initiatives.

The relief was sought specifically for initiatives where the primary purpose is to provide educational information concerning financial, tax, or estate planning matters.

The Ontario Securities Commission granted the requested relief, subject to conditions ensuring the information is purely educational, no sales are required, and appropriate disclosures are made.

The Filer applied for exemptive relief from the mutual fund conflict of interest restrictions, reporting requirements, and self-dealing prohibitions under the Securities Act and National Instrument 31-103.

The relief was sought to allow pooled funds to invest in securities of underlying funds under common management.

The Ontario Securities Commission granted the requested exemptions, subject to certain conditions regarding fees, voting, and disclosure.

The Filer, C.T.C. Dealer Holdings Limited, applied to the Ontario Securities Commission for relief from the prospectus requirements under the Securities Act.

The relief was sought in connection with the deemed distribution on resale of beneficial ownership interests in common shares of the Filer by CTC Dealers to other CTC Dealers during an Annual Share Changeover.

The Commission granted the requested exemptive relief, subject to several conditions including the provision of a summary document containing prospectus-level risk disclosure to purchasing dealers.

The applicant, a French issuer, applied for exemptive relief from the prospectus and dealer registration requirements of the Securities Act in connection with a global employee share offering.

The offering involved a French collective employee shareholding vehicle (FCPE).

The Ontario Securities Commission granted the requested relief, subject to conditions regarding the first trade of the units or shares acquired by Canadian participants.

The Filer, a mutual fund manager, applied for exemptive relief from subsection 5.1(a) of National Instrument 81-105 to permit it to pay participating dealers direct costs for cooperative marketing initiatives whose primary purpose is providing educational information concerning tax or estate planning matters.

The Ontario Securities Commission granted the relief, subject to conditions ensuring the information is general, educational, and not tied to sales incentives.

The Filers applied for an exemption from the prospectus requirement for trades of their commercial paper, which matures in not more than one year.

The exemption was sought because the commercial paper might not always meet the 'approved credit rating' requirement under section 2.35 of National Instrument 45-106.

The Ontario Securities Commission granted the exemptive relief, subject to conditions including that the commercial paper must have a prescribed rating from at least one approved credit rating organization.

The applicants, participating mutual fund dealers, sought exemptive relief from the requirement under subsection 8.2(4) of National Instrument 81-105 to obtain written consent from certain existing clients prior to completing trades in related mutual funds.

The Ontario Securities Commission granted the exemption, finding that the clients were already aware of the relationship between the dealers and the funds, and that the administrative burden of obtaining written consent outweighed any benefit to the clients.

The filer, Comverse Technology, Inc., applied to the Ontario Securities Commission for exemptive relief from the prospectus and registration requirements of the Securities Act.

The relief was sought in connection with the distribution of shares to Canadian claimants pursuant to a US class action settlement.

The Commission granted the requested relief, including an exemption from resale restrictions, allowing the settlement shares to be distributed and resold without a prospectus.

The applicant, Texada Software Inc., inadvertently filed draft interim financial statements and management's discussion and analysis on SEDAR that contained confidential auditor comments.

The applicant sought a decision under s. 140(2) of the Securities Act to hold the inadvertently filed documents in confidence for an indefinite period.

The Ontario Securities Commission granted the requested exemptive relief, finding that the confidential information was not material to investors and its disclosure would prejudice the applicant by breaching its engagement terms with its auditor.

The filer, Sunshine Silver Mines Corporation, applied for exemptive relief from the prospectus requirements under the Securities Act to permit the use of electronic roadshow materials during the waiting period of a cross-border initial public offering.

Compliance with U.S. securities laws required unrestricted public access to these materials, which conflicted with Canadian restrictions on marketing activities during the waiting period.

The Ontario Securities Commission granted the requested relief, subject to conditions including the provision of a contractual right of action for misrepresentations in the roadshow materials.

The Applicant, Creston Moly Corp., applied for an order to be deemed to have ceased to be a reporting issuer in Alberta, Manitoba, Ontario, and Nova Scotia.

The Applicant's outstanding securities were beneficially owned by fewer than 15 security holders in each jurisdiction and fewer than 51 in total in Canada.

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

IPICO Inc. applied for a decision that it is no longer a reporting issuer in multiple Canadian jurisdictions following an insolvency restructuring.

Under a proposal to creditors, all outstanding shares were cancelled and new shares were issued to an affiliate of Brookfield Asset Management Inc., resulting in the Filer having fewer than 15 security holders in each jurisdiction.

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

The applicants, Fidelity Investments Canada ULC and several mutual funds, applied for exemptive relief from the related shareholder and related party investment prohibitions under the Securities Act.

The relief was sought to permit the funds to purchase long-term debt securities of related entities under primary and secondary offerings, including debt securities of product-linked shareholders invested in the funds for hedging purposes.

The Ontario Securities Commission granted the requested relief, subject to conditions including independent review committee approval, pricing requirements, and limits on the amount of securities purchased in primary offerings.

The Filers applied to the Ontario Securities Commission for exemptive relief from certain prospectus disclosure, dealer registration, underwriter registration, and prospectus delivery requirements in connection with an equity line of credit facility.

The facility permits the issuer to require the purchaser to buy newly issued securities at a discount to the market price, which the purchaser finances through short sales or resales in the secondary market.

The Commission granted the requested relief, subject to conditions including a 19.9% cap on the number of securities distributed in any 12-month period and restrictions on the purchaser's activities.

The applicant, Seven Seas Capital Management Inc., applied for exemptive relief from the mutual fund conflict of interest investment restrictions of the Securities Act and the self-dealing prohibition of National Instrument 31-103.

The relief was sought to permit pooled funds to invest with a fund-on-fund structure in other pooled funds, including limited partnerships.

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

The applicant applied for exemptive relief from the mutual fund conflict of interest investment restrictions in the Securities Act (Ontario) and the self-dealing prohibition in National Instrument 31-103.

The relief was sought to allow certain pooled funds to invest in underlying pooled funds under common management.

The Ontario Securities Commission granted the requested relief, subject to conditions including that the securities are distributed on a private placement basis and that no duplicative management or incentive fees are payable.

The applicant, BlackRock Asset Management Canada Limited, applied for exemptive relief from the mutual fund conflict of interest investment restrictions in the Securities Act.

The relief was sought to allow pooled funds to invest in underlying pooled funds and public mutual funds under common management.

The Ontario Securities Commission granted the requested relief, subject to certain conditions, including that securities of the top funds are distributed solely pursuant to prospectus exemptions and that no duplicative fees are charged.