The applicant 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), which prohibits filing a final prospectus more than 90 days after the receipt for the preliminary prospectus.
The Director granted the requested exemption, permitting the final prospectus to be filed no later than May 25, 2012.