OSC 2009

The Filer applied for an order under the Process for Exemptive Relief Applications in Multiple Jurisdictions that it is no longer a reporting issuer.

Following an amalgamation, all outstanding common shares became beneficially owned by a single entity, and the shares were delisted from the Toronto Stock Exchange.

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

The Applicant, Leader Capital Corp., applied to the Ontario Securities Commission and the Alberta Securities Commission for a decision that it is no longer a reporting issuer.

The Applicant represented that its outstanding securities are beneficially owned by fewer than 15 security holders in each jurisdiction and fewer than 51 in total in Canada, its securities are not traded on a marketplace, and it is not in default of any obligations under securities legislation.

The Decision Makers were satisfied that the statutory tests were met and ordered that the Applicant is not a reporting issuer.

The applicant, Schneider Electric S.A., applied to the Ontario Securities Commission for exemptive relief from the prospectus and dealer registration requirements 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 Commission granted the requested relief, subject to conditions regarding the first trade of the units or underlying shares.

The Applicant, Canadian Mining Diversified Asset Strategy Fund, applied for an order under the Securities Act to be deemed to have ceased to be a reporting issuer.

The Ontario Securities Commission granted the order, noting that the Applicant's outstanding securities are beneficially owned by fewer than 51 security holders in Canada, its securities are not traded on a marketplace, and it is not in default of any obligations under the legislation.

The applicant, Sprott Asset Management Inc., applied for an exemption from clause 2.3(e) of National Instrument 81-102 to permit the Sprott Gold Bullion Fund to invest up to 100% of its net assets in gold and/or permitted gold certificates.

The principal regulator granted the exemption, subject to conditions regarding prospectus disclosure of unique risks and a requirement that the fund's prospectus not be combined with those of other mutual funds managed by the applicant.

The applicants, mutual fund managers, applied for an exemption from subsection 5.1(a) of National Instrument 81-105 to permit them to pay participating dealers direct costs incurred relating to cooperative marketing initiatives whose primary purpose is to provide educational information concerning tax or estate planning matters.

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

Acuity Funds Ltd. applied for exemptive relief under section 5.5(1)(b) of National Instrument 81-102 to merge two terminating mutual funds into two continuing mutual funds.

The approval was required because the mergers did not meet all criteria for pre-approved reorganizations under section 5.6, specifically because the continuing funds had different investment objectives and the mergers were not tax-deferred transactions.

The Ontario Securities Commission granted the requested approval, noting that securityholders were provided with adequate disclosure and the mergers would provide economies of scale and increased portfolio diversification.

The Filers applied for exemptive relief to extend the lapse date of the simplified prospectus and annual information form for certain corporate mutual funds by 52 days.

The extension was sought to facilitate the consolidation of the corporate funds' prospectus with the prospectuses of other mutual funds and closed-end funds under common management, thereby reducing costs and avoiding multiple renewals.

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

The applicants, TDK 2008 Flow-Through Limited Partnership and First Asset Investment Management Inc., applied for exemptive relief from the requirements in National Instrument 81-106 to file an annual information form and to maintain and provide a proxy voting record.

The applicants argued that the partnerships have a short lifespan, are not operating businesses, and the preparation of these documents would not benefit limited partners while imposing a material financial burden.

The Ontario Securities Commission granted the requested relief.

The applicants, two mutual fund managers, applied for a variation of a prior decision that granted exemptive relief from the commingling prohibition in section 11.1(1)(b) of National Instrument 81-102.

The variation sought to include additional facts specifying that investments may be held by investors in either client name or nominee name.

The principal regulator granted the requested exemptive relief, allowing the temporary commingling of mutual fund trust monies with non-mutual fund client trust monies to facilitate administrative economies.

The Filer applied for an exemption from certain provisions of National Instrument 81-102 to permit the Sprott All Cap Fund to invest up to 20% of its net assets in gold, silver, and related certificates or derivatives.

The exemption was sought to allow the Fund to use these investments as a defensive strategy during adverse market conditions.

The Ontario Securities Commission granted the exemption, subject to conditions regarding the nature of the silver certificates and required prospectus disclosures.

The Applicant, HSIF Technologies Corporation, applied to the Ontario Securities Commission and other jurisdictions for a decision that it is no longer a reporting issuer.

The Commission granted the requested relief, noting that the Applicant's outstanding securities are beneficially owned by fewer than 15 security holders in each jurisdiction and fewer than 51 in total in Canada, its securities are not traded on a marketplace, and it is not in default of its obligations.

The Filers, Bank of Montreal and BMO Capital Trust II, applied for exemptive relief from continuous disclosure and certification requirements under National Instrument 51-102 and National Instrument 52-109.

The Trust was established solely to issue trust securities to provide the bank with regulatory capital.

The principal regulator granted the exemption, subject to conditions, noting that meaningful information for public holders of the trust securities relates to the bank rather than the trust itself.

Chalk Media Corp. applied to the Ontario Securities Commission and other provincial regulators for a decision that it is no longer a reporting issuer.

The decision maker found that the applicant met the requirements, including having fewer than 51 security holders in Canada and no securities traded on a marketplace.

The application was granted, and the applicant was deemed to no longer be a reporting issuer.

The Filer, Quadrus Investment Services Ltd., applied for exemptive relief from section 4.2(1) of National Instrument 81-105 to permit unequal compensation of its sales representatives for the distribution of proprietary funds versus third-party funds.

The Ontario Securities Commission granted the exemption, provided that the sale of third-party funds is conducted strictly on an accommodation basis.

The Manager applied on behalf of several PowerShares ETFs for exemptive relief under section 19.1 of National Instrument 41-101.

The relief sought was an exemption 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 exemption, permitting the final prospectus to be filed no later than June 17, 2009.

The Applicant, CI Financial Income Fund, applied to the Ontario Securities Commission and other provincial regulators for a decision that it is no longer a reporting issuer.

The Applicant represented that its outstanding securities are beneficially owned by fewer than 15 security holders in each jurisdiction and fewer than 51 in total in Canada, and that its securities are not traded on a marketplace.

The Commission was satisfied that the statutory tests were met and ordered that the Applicant is not a reporting issuer.

Canadian International LP applied for a decision under the securities legislation of multiple jurisdictions that it is no longer a reporting issuer.

The Ontario Securities Commission found that the applicant met the requirements, including having fewer than 51 security holders in Canada and no securities traded on a marketplace.

The application was granted, and the applicant was ordered to no longer be a reporting issuer.

The applicants, managers of various mutual funds, applied for exemptive relief from paragraph 2.5(2)(a) of National Instrument 81-102 Mutual Funds.

The relief sought was to permit the funds to invest up to 10% of their net assets in exchange-traded commodity pools that correlate to a multiple or inverse multiple of the performance of an underlying index.

The Ontario Securities Commission granted the requested relief, subject to certain conditions including investment limits and prospectus disclosure requirements.

The Applicant, Loring Ward International Ltd., applied to the Ontario Securities Commission and other jurisdictions for a decision that it is no longer a reporting issuer.

The Applicant represented that its outstanding securities are beneficially owned by fewer than 15 security holders in each jurisdiction and fewer than 51 in total in Canada, its securities are not traded on a marketplace, and it is not in default of any obligations as a reporting issuer.

The Commission was satisfied that the statutory test was met and ordered that the Applicant is not a reporting issuer.