OSC 2013

The Applicant, Canadian Capital Auto Receivables Asset Trust III, applied for a decision under the securities legislation of multiple Canadian jurisdictions that it is no longer a reporting issuer.

The Applicant represented that its outstanding securities are beneficially owned by fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide, and that its securities are not traded on any marketplace.

The Ontario Securities Commission, acting as the Decision Maker, was satisfied that the legislative test was met and ordered that the Applicant is not a reporting issuer.

Sandstorm Gold Ltd. and its wholly-owned subsidiary, Premier Royalty Inc., applied for exemptive relief from continuous disclosure, certification, and insider reporting requirements for Premier.

Following a plan of arrangement, Premier became a wholly-owned subsidiary of Sandstorm, with its outstanding warrants and options exercisable into Sandstorm shares.

The Ontario Securities Commission granted the requested exemptions, subject to conditions including that Sandstorm remains a reporting issuer, files its continuous disclosure documents, and concurrently sends relevant disclosure materials to Premier's warrantholders and optionholders.

Sanofi applied for exemptive relief from the prospectus and dealer registration requirements of the Securities Act in connection with a global employee share offering.

The offering involved the use of French collective employee shareholding vehicles (FCPEs).

The Ontario Securities Commission granted the requested relief, subject to conditions regarding the first trade of the securities.

The applicant, an Australian-based mining company, applied for a decision that it is no longer a reporting issuer in the applicable Canadian jurisdictions.

The applicant's shares were delisted from the TSX in 2012 and continue to trade on the ASX.

Based on extensive share register analysis, the applicant demonstrated that Canadian residents do not beneficially own more than 2% of its outstanding securities worldwide, nor do they comprise more than 2% of its total securityholders.

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

The Filer, Calloway Real Estate Investment Trust, applied for exemptive relief from the prospectus requirement under the Securities Act for distributions that are steps in a proposed reorganization.

The reorganization is intended to ensure the Filer continues to qualify as a real estate investment trust under the Income Tax Act.

The Ontario Securities Commission granted the relief, subject to conditions ensuring the reorganization does not change unitholders' ownership or the Filer's consolidated assets and liabilities.

The Filer, Brookfield Infrastructure Partners L.P., applied for exemptive relief from various continuous disclosure, certification, insider reporting, audit committee, corporate governance, and short form prospectus requirements to accommodate a credit support issuer structure.

The Filer could not rely on existing exemptions because it only owned 70.5% of an intermediate holding entity and proposed to issue convertible preferred shares.

The Ontario Securities Commission granted the requested relief, subject to several conditions including those relating to the minority interest in the holding limited partnership and the Filer's voting control.

The applicant, 1832 Asset Management L.P., sought exemptive relief from the inter-fund trading prohibitions in section 13.5(2)(b) of National Instrument 31-103 to permit inter-fund trades and in specie transfers between mutual funds, closed-end funds, pooled funds, and managed accounts.

The Ontario Securities Commission granted the relief, subject to conditions including compliance with section 6.1(2) of National Instrument 81-107, Independent Review Committee approval or client consent, and specific pricing and transparency requirements.

The applicant, 1832 Asset Management L.P., sought exemptive relief from the inter-fund trading prohibition in section 4.2(1) of National Instrument 81-102.

The relief was requested to permit mutual funds, pooled funds, and closed-end funds managed by the applicant to engage in inter-fund trades in debt securities.

The principal regulator granted the relief, subject to conditions including approval by the Independent Review Committee and compliance with pricing requirements under National Instrument 81-107.

The decision also revoked and replaced previous relief granted to an affiliated entity prior to an internal reorganization.

The Filer applied for exemptive relief from sections 2.3(f) and 2.3(h) of National Instrument 81-102 to permit its mutual funds to invest up to 10% of their net assets in silver, Permitted Silver Certificates, and specified derivatives.

The application was made in connection with an internal reorganization of the asset management business.

The Principal Regulator granted the relief, subject to the condition that the funds' aggregate direct and indirect exposure to gold and silver does not exceed 10% of their net assets.

The Applicant, CML HealthCare Inc., 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 securityholders in each Canadian jurisdiction and fewer than 51 worldwide, and its securities are not traded on any marketplace.

The Commission granted the application, ordering that the Applicant is not a reporting issuer.

The Filer, 1832 Asset Management L.P., applied to the Ontario Securities Commission for exemptive relief on behalf of existing and future mutual and pooled funds.

The requested relief sought to exempt the funds from related party prohibitions under the Securities Act, permitting them to invest in non-exchange traded debt securities and exchange-traded securities issued by related parties.

The application was prompted by an internal reorganization of the Filer's asset management business, which necessitated the revocation and replacement of previous relief decisions.

The Commission granted the requested relief, subject to extensive conditions regarding pricing, independent review committee approval, and limits on the concentration of purchases.

Mackenzie Financial Corporation applied for exemptive relief under National Instrument 81-102 to permit its mutual funds to enter into cleared swap transactions.

The relief was required due to new U.S. requirements under the Dodd-Frank Act mandating the clearing of certain over-the-counter derivatives.

The Ontario Securities Commission granted the requested relief, exempting the funds from specific counterparty rating, exposure limit, and custodianship requirements, subject to conditions regarding the deposit of margin with Futures Commission Merchants.

The applicant, 1832 Asset Management L.P., applied for exemptive relief from the mutual fund conflict of interest reporting requirements under the Securities Act.

Following an internal reorganization, the applicant sought to consolidate and replace existing relief granted to affiliated entities.

The Ontario Securities Commission granted the relief, permitting the applicant to rely on alternative reporting in management reports of fund performance, provided certain disclosure conditions were met.

The applicant, an investment fund manager, applied for exemptive relief from certain provisions of National Instrument 81-102 to permit its mutual funds to invest in silver, permitted silver certificates, silver derivatives, underlying ETFs, and commodity ETFs.

The principal regulator granted the exemption, subject to conditions including limits on the percentage of net assets that can be invested in these products and disclosure requirements in the funds' prospectuses.

This decision revokes and replaces a previous decision.

The Applicant, Rainy River Resources Ltd., applied for a decision under the securities legislation of multiple jurisdictions that it is not a reporting issuer.

The Decision Makers were satisfied that the Applicant met the test, as its outstanding securities are beneficially owned by fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide, and its securities are not traded on any marketplace.

The application was granted, and the Applicant was ordered not to be a reporting issuer.

The Filer applied for exemptive relief to permit its managed funds to purchase or sell debt securities from or to the investment portfolio of an associate or affiliate, specifically a related principal dealer.

The relief was sought in connection with an internal reorganization where the Filer acquired the asset management business of an affiliate.

The principal regulator granted the requested relief, subject to conditions ensuring independent pricing and IRC approval, and revoked the affiliate's prior relief.

The Applicant, Jovian Capital Corporation, applied for a decision under the securities legislation of Ontario, Alberta, Saskatchewan, and Manitoba that it is not a reporting issuer.

The Applicant represented that its outstanding securities are beneficially owned by fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide, and its securities are not traded on any marketplace.

The Ontario Securities Commission granted the requested relief, ordering that the Applicant is no longer a reporting issuer.

The applicant applied to the Ontario Securities Commission and the Alberta Securities Commission for a decision that it is not a reporting issuer.

The applicant represented that its outstanding securities are beneficially owned by fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide, its securities are not traded on any marketplace, and it is not in default of any obligations under securities legislation.

The Decision Maker was satisfied that the statutory test was met and ordered that the applicant is not a reporting issuer.

The Filer, an issuer of asset-backed securities, applied for an exemption from the requirements of National Instrument 52-109 to file interim certificates.

The Filer had previously been granted relief from filing interim financial statements and interim certificates, but the relief regarding interim certificates had expired.

The Ontario Securities Commission granted the requested exemptive relief, subject to conditions including that the Filer file alternative forms of annual and interim certificates signed by a senior officer of the Filer, its servicer, or its administrative agent.

The Applicant, Strathmore Minerals Corp., applied to the Ontario 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 securityholders in each Canadian jurisdiction and fewer than 51 worldwide, and its securities are not traded on any marketplace.

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