Ontario Commission des P.O. Box 55, 19th Floor CP 55, 19e étage
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
Headnote National Policy 11-203 Process For Exemptive Relief Applications in Multiple Jurisdictions - NI 41-101 - Relief granted to an investment fund to file a prospectus more than 90 days after the date of the receipt for the preliminary prospectus. Applicable Legislative Provisions
National Instrument 41-101 – General Prospectus Requirements, ss. 2.3(1) and 19.1.
VIA SEDAR
October 10, 2012
Fasken Martineau DuMoulin LLP
Attention: Daniel Fuke
Dear Sirs/Mesdames:
Re: ONE Financial All-Weather Profit Canada Fund, ONE Financial All- Weather Profit U.S. Fund, ONE Financial All-Weather Profit Europe & Asia Fund, ONE Financial All-Weather Profit Emerging Markets Fund, ONE Financial All-Weather Profit Commodities Fund, ONE Financial All- Weather Profit Global Diversified Fund, ONE Financial All-Weather Profit Global Diversified Growth Fund, ONE Financial All-Weather Profit Growth & Income Balanced Fund, ONE Financial All-Weather Profit Monthly Tax- Efficient Bond Fund, ONE Financial All-Weather Profit Tax-Efficient Short-term Savings Fund, ONE Financial All-Weather Profit Conservative Growth 2022 Protected Portfolio and ONE Financial All-Weather Profit Monthly ROC Income 2022 Protected Portfolio (collectively, the Funds)
Exemptive Relief Application under Section 19.1 of National Instrument 41-101 General Prospectus Requirements (NI 41-101)
Application No. 2011/0198 SEDAR Project No. 1845211
By letter dated March 27, 2012 (the Application), the Funds applied to the Director of the Ontario Securities Commission (the Director) pursuant to section 19.1 of NI 41-101 for relief from the operation of subsection 2.3(1) of NI 41-101, 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 grants the requested exemption to be evidenced by the issuance of a receipt for the Funds’ prospectus, provided the Funds’ final prospectus is filed no later than October 31, 2012.
Yours very truly,
“Sonny Randhawa”
Sonny Randhawa
Manager, Investment Funds Branch
Headnote
National Policy 11-203 Process For Exemptive Relief Applications in Multiple Jurisdictions - NI 41-101 - Relief granted to an investment fund to file a prospectus more than 90 days after the date of the receipt for the preliminary prospectus.
Applicable Legislative Provisions
National Instrument 41-101 – General Prospectus Requirements, ss. 2.3(1) and 19.1.