Ontario Commission des 22nd Floor 22e 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
August 11, 2021
Osler, Hoskin & Harcourt LLP
Attention: Shawn Cymbalisty
Re: Canada Life U.S. Small-Mid Cap Growth Fund, Canada Life Global Growth Opportunities Fund, Canada Life European Equity Fund, Canada Life Emerging Markets Equity Fund and Canada Life Precious Metals Fund (collectively, the Funds)
Preliminary Simplified Prospectus, Annual Information Form, and Fund Facts dated May 31, 2021
Exemptive Relief Application under Part 6 of National Instrument 81-101 Mutual Fund Prospectus Disclosure (NI 81-101)
Application No. 2021/0436; SEDAR Project No. 3232037
By letter dated July 30, 2021 (the Application), Canada Life Investment Management Ltd., the investment fund 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 an issuer from filing a prospectus more than 90 days after the date of the receipt for the preliminary 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 prospectus be filed no later than January 28, 2022.
Yours very truly,
“Darren McKall”
Darren McKall
Manager, Investment Funds and Structured Products Branch
Ontario Securities Commission
App. No. 2021/0436