Guardian Capital LP applied for exemptive relief on behalf of a proposed fund to offer both exchange-traded fund (ETF) securities and conventional mutual fund securities.
The Filer sought an exemption from the requirement to file a simplified prospectus and annual information form for the mutual fund securities, proposing instead to file a single long-form prospectus for both classes.
The Filer also sought relief to treat the ETF and mutual fund securities as separate funds for compliance with sales and redemption requirements under NI 81-102.
The Ontario Securities Commission granted the requested exemptions, subject to conditions ensuring appropriate disclosure and compliance with applicable rules for each security type.
