Ontario Commission des 20th 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
VIA SEDAR
January 17, 2018
Blake, Cassels & Graydon LLP
Attention: Jill Davis
Dear Sir/Madam:
Re: BMO Nesbitt Burns Inc. (the Filer)
Preliminary Long Form Prospectus dated December 20, 2016
BMO FinTech Sector TACTIC Fund, BMO Canadian Top 15 Small Cap TACTIC Fund, BMO U.S. Top 15 Small Cap TACTIC Fund (collectively, the Funds)
Exemptive Relief Application under Part 19 of National Instrument 41-101 General Prospectus Requirements (NI 41-101)
Application No. 2017/0569; SEDAR Project Number 2568232
By letter dated January 5, 2018 (the Application), the Filer, as manager of the Funds, applied on behalf of the Funds to the Director of the Ontario Securities Commission (the Director) under section 19.1 of NI 41-101 for relief from the operation of subsection 2.3(1.1) 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 which relates to the final 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 Fund’s final prospectus, subject to the condition that the final prospectus be filed by no later than February 15, 2018.
Yours very truly,
“Darren McKall”
Darren McKall
Manager, Investment Funds and Structured Products Branch
ONTARIO SECURITIES COMMISSION