Ontario Commission des 20^th^ Floor 20e 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
March 2, 2015
VIA SEDAR
Wildeboer Dellelce LLP
Attention: Julie Anderson
Ron Schwass
Dear Sirs/Mesdames:
Re: Smart Investments Ltd. & Smart Fund Family (the Funds)
Preliminary Simplified Prospectus, Annual Information Form and Fund Facts dated September 11, 2014
Application under section 6.1 of National Instrument 81-101 – Mutual Fund Prospectus Disclosure (NI 81-101) for an extension of the 90 day period under subsection 2.1(2) of NI 81-101
Application No. 2014/0911; SEDAR Project No. 2259476
By letter dated December 12, 2014 (the Application), the manager of 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 subsection 2.1(2) of NI 81-101 which prohibits a mutual fund from filing a prospectus more than 90 days after the date of the receipt for the preliminary simplified 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 simplified prospectus be filed no later than March 4, 2015.
Yours very truly,
“Vera Nunes”
Vera Nunes
Manager, Investment Funds & Structured Products Branch
Ontario Securities Commission