Headnote National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions – exemption from s. 2.1(2) of NI 81-101 to file a prospectus more than 90 days after the date of the receipt for the preliminary prospectus.
Applicable Legislative Provisions
National Instrument 81-101 Mutual Fund Prospectus Disclosure, subsection 2.1(2).
Ontario Commission des P.O. Box 55, 19th Floor CP 55, 19e é tage
Securities valeurs mobilières 20 Queen Street West 20, rue queen ouest
Commission de l’Ontario Toronto ON M5H 3S8 Toronto ON M5H 3S8
Web site: www.osc.gov.on.ca
VIA SEDAR
June 29, 2010
Blake, Cassels & Graydon LLP
Attention: Michael Sharp
Dear Sirs/Mesdames:
Re: Front Street Global Opportunities Fund and Front Street Growth and Income Fund (the Funds), Combined Preliminary and Pro Forma Simplified Prospectus, Annual Information Form and Fund Facts dated March 23, 2011
Exemptive Relief Application under Part 6 of National Instrument 81-101 Mutual Fund Prospectus Disclosure (NI 81-101)
Application No. 2011/0502; SEDAR Project No. 1717421
By letter dated June 28, 2011 (the Application), the Funds applied to the Director of the Ontario Securities Commission (the Director) under section 6.1 of NI 81-101 for relief from the operation of section 2.1(2) of NI 81-101, which prohibits an issuer from filing a prospectus more than 90 days after the date of the receipt for the preliminary prospectus.
This letter confirms that, based on the information and representations made in the Application, and for the purposes described in the Application, the Director intends to grant the requested exemption to be evidenced by the issuance of a receipt for the Funds’ prospectus, subject to the condition that the prospectus be filed no later than July 6, 2011.
Yours very truly,
“Darren McKall”
Darren McKall
Manager, Investment Funds Branch