Headnote
Application under National Policy 11-203 Process for Exemptive Relief Applications in Mmultiple Jurisdictions - Extension granted of the time period prescribed under section 2.3(1) of NI 41-101 for filing a final prospectus.
Applicable Legislative Provisions National Instrument 41-101 General Prospectus Requirements, sections 2.3(1), 19.1 and 19.3.
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
VIA SEDAR
December 4, 2012
First Asset Management Inc. and First Asset DEX Provincial Bond ETF
Attention: Kenneth Ng
Dear Sirs/Mesdames:
Re: First Asset Management Inc. (the Filer) and First Asset DEX Provincial Bond ETF (the Fund)
Exemptive Relief Application under Section 19.1 of National Instrument
41-101 General Prospectus Requirements (NI 41-101)
Application No. 2012/0730, SEDAR Project No. 1962704
By letter dated November 9, 2012 (the Application), the Filer and the Fund applied pursuant to section 19.1 of NI 41-101 for relief from the operation of section 2.3(1) of NI 41-101, which prohibits an issuer from filing a final prospectus more than 90 days after the date of the receipt for the preliminary prospectus.
This letter acknowledges for the purposes of section 19.3(2)(ii) of NI 41-101 that, based on the information and representations made in the Application, and for the purposes described in the Application, the requested relief is granted to permit an extension of the time for filing a final prospectus to January 31, 2013, to be evidenced by the issuance of a receipt for the Fund’s prospectus, provided the Fund’s final prospectus is filed no later than January 31, 2013.
Yours very truly,
signed “Raymond Chan”
Raymond Chan Manager, Investment Funds Branch
Ontario Securities Commission