OSC 2015

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

The decision maker found that the Applicant met the statutory 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 to no longer be a reporting issuer.

The Manager applied for exemptive relief on behalf of Canbanc Income Corp. to permit the fund, upon conversion into an exchange-traded fund, to invest more than 10 percent of its net asset value in securities of a single bank.

The Ontario Securities Commission granted the relief, subject to conditions including a 20 percent concentration limit per bank and disclosure requirements.

The Applicant, Webtech Wireless Inc., applied for a decision under the securities legislation of Ontario, Alberta, Saskatchewan, and Manitoba 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 Decision Maker, was satisfied that the statutory test was met and ordered that the Applicant is not a reporting issuer.

The Filer applied for exemptive relief on behalf of two investment funds from the requirement under subsection 5.1(1)(c) of NI 81-102 to obtain prior securityholder approval before changing their fundamental investment objectives.

The changes were necessitated by federal tax amendments eliminating the favourable tax treatment of character conversion transactions (forward agreements).

The Ontario Securities Commission granted the requested relief, provided the Filer sends written notice to securityholders at least 30 days before the effective date of the change.

The Applicant applied for a decision under the securities legislation of Ontario and Alberta 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 its obligations.

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

The Applicant applied to the securities regulatory authorities in Ontario, Alberta, and Quebec 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, its securities are not traded on any marketplace, and it is not in default of any obligations under securities legislation.

The Ontario Securities Commission granted the application and ordered that the Applicant is not a reporting issuer.

The Filer applied for a decision under the securities legislation of Ontario and Alberta that it is no longer a reporting issuer.

Following a plan of arrangement, the Filer became a wholly-owned subsidiary of Oban Mining Corporation, and its securities were delisted.

The Ontario Securities Commission, acting as principal regulator, granted the exemptive relief sought, determining that the Filer met the requirements to cease being a reporting issuer.

The Applicant, Columbus Copper Corporation, applied to the Ontario Securities Commission and the Alberta 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, its securities are not traded on any marketplace, and it is not in default of any obligations under securities legislation.

The Deputy Director of Corporate Finance granted the application, ordering that the Applicant is not a reporting issuer.

Counsel Portfolio Services Inc. applied to the Ontario Securities Commission for exemptive relief from the trading prohibition in subsection 13.5(2)(b) of NI 31-103.

The applicant sought permission for its managed mutual funds to execute inter-fund trades of exchange-traded securities at the Last Sale Price rather than the Closing Sale Price required by NI 81-107.

The Commission granted the requested relief, subject to conditions including independent review committee approval and compliance with other requirements of NI 81-107.

The Applicant applied to the securities regulatory authorities in several Canadian jurisdictions for a decision that it is not a reporting issuer.

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

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

The Applicant applied for a decision under the securities legislation of Ontario and Alberta 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 as a reporting issuer.

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

Woulfe Mining Corp. applied to the Ontario Securities Commission and the Alberta 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 that its securities are not traded on any marketplace.

The Deputy Director of Corporate Finance granted the application, ordering that the applicant is not a reporting issuer.

The applicant applied for exemptive relief from the prospectus and dealer registration requirements of Ontario securities legislation in connection with a global employee share offering.

The offering involved the issuance of units in a French collective shareholding vehicle (FCPE) to Canadian employees.

The Ontario Securities Commission granted the requested relief, subject to conditions regarding the first trade of the units or underlying shares, ensuring they are traded outside of Canada or to persons outside of Canada.

The Filer, John Deere Financial Inc., applied to the securities regulatory authorities in multiple Canadian jurisdictions for a decision that it is no longer a reporting issuer.

The Filer's only outstanding securities, other than common shares held by its parent, were commercial paper issued under a US program.

The Filer intended to issue future commercial paper under a Canadian program in reliance on the short-term debt prospectus exemption.

The Ontario Securities Commission, acting as principal regulator, granted the exemptive relief and revoked the Filer's reporting issuer status.

The applicant, NGAM Canada LP, applied for exemptive relief from certain provisions of National Instrument 81-102 Investment Funds on behalf of its mutual funds.

The relief sought to permit the funds to enter into cleared swaps, deposit cash and portfolio assets as margin with a Futures Commission Merchant, and exceed certain counterparty exposure limits.

The Ontario Securities Commission granted the requested relief, subject to conditions regarding the clearing corporation and margin deposits, noting that central clearing mitigates risks and aligns with global commitments to improve transparency in derivatives markets.

The applicant, an investment fund manager, applied for an exemption from paragraphs 2.5(2)(a) and 2.5(2)(c) of National Instrument 81-102 to permit its mutual funds to invest in certain leveraged and inverse exchange-traded funds (ETFs).

The principal regulator granted the requested relief, subject to conditions including limits on the percentage of net asset value invested in such ETFs and disclosure requirements in the funds' prospectuses.

The Applicant applied to the Ontario Securities Commission and other provincial regulators 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 Decision Maker granted the application and ordered that the Applicant is not a reporting issuer.

The Applicant applied to the Ontario Securities Commission for a decision that it is no longer a reporting issuer.

The Commission was satisfied that the Applicant met the statutory 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.

The Filer, Hydro One Inc., applied for exemptive relief on behalf of its future parent company, Hydro One Limited, from the requirement under National Instrument 52-107 to prepare financial statements in accordance with Canadian GAAP and IFRS.

The Filer sought to allow the parent company to prepare its financial statements in accordance with U.S. GAAP following its initial public offering, due to its rate-regulated activities.

The Ontario Securities Commission granted the exemption, subject to certain termination conditions, and also granted the requested confidentiality.

The Filer applied for a decision under the securities legislation of Ontario to be exempt from the prospectus requirement in respect of the distribution of contracts for difference and over-the-counter foreign exchange contracts to investors resident in the Applicable Jurisdictions.

The Ontario Securities Commission granted the requested relief, subject to terms and conditions, including that the Filer remains registered as an investment dealer and a member of IIROC, and complies with IIROC rules and acceptable practices.