OSC 2026

ASEP Corporation applied to the Ontario Securities Commission for an order to cease to be a reporting issuer in all jurisdictions of Canada.

The Filer had previously completed a share consolidation and split, resulting in fewer than 51 securityholders worldwide.

The principal regulator found that the Filer met the criteria under the legislation and granted the order.

New Gold Inc. applied to the Ontario Securities Commission for an order to cease being a reporting issuer in all applicable Canadian jurisdictions following its acquisition by a subsidiary of Coeur.

Although the applicant was in default for failing to file its annual information form after the arrangement was completed, the Commission granted the requested order, noting that the applicant's securities were no longer traded on any marketplace and it had fewer than 51 securityholders worldwide.

Canadian Gold Corp. applied to the Ontario Securities Commission for an order that it has ceased to be a reporting issuer in all jurisdictions of Canada where it is a reporting issuer.

The principal regulator was satisfied that the Filer met the requirements, including having fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide, and not being in default of securities legislation.

The order was granted.

The Filer, Brookfield Business Holdings Corporation, applied to the Ontario Securities Commission for an order declaring that it has ceased to be a reporting issuer in all applicable Canadian jurisdictions.

The Filer 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 principal regulator found that the statutory test was met and granted the requested order.

The applicant, Everybody Loves Languages Corp., applied to the Ontario Securities Commission for an order to cease being a reporting issuer in all applicable Canadian jurisdictions.

The principal regulator found that the applicant met the necessary requirements, including having fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide, and not being in default of securities legislation.

The order was granted.

The Filer applied for exemptive relief on behalf of an alternative mutual fund from certain provisions of National Instrument 81-102 regarding leverage limits, cash borrowing, short selling, and custodianship.

The Filer proposed using a value-at-risk (VaR) methodology to measure leverage risk instead of the standard aggregate exposure limit.

The Ontario Securities Commission granted the requested relief, permitting the fund to use the Absolute VaR test and to appoint additional qualified custodians, subject to comprehensive risk management and reporting conditions.

The Filer, Brookfield Business Partners L.P., applied to the Ontario Securities Commission for an order under the securities legislation that it has ceased to be a reporting issuer in all jurisdictions of Canada in which it is a reporting issuer.

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

The principal regulator was satisfied that the test under the legislation was met and granted the requested order.

The Filer applied to the Ontario Securities Commission for exemptive relief from certain requirements under National Instrument 62-104 in connection with a proposed issuer bid.

The Filer sought to conduct the bid via a modified Dutch auction and requested exemptions from the proportionate take up requirement, the proportionate take up disclosure requirement, and the extension take up requirement.

The Commission granted the requested relief, subject to conditions including that the Filer takes up and pays for shares as described in its circular and remains eligible for the liquid market exemption.

The Filer, MTL Cannabis Corp., applied to the Ontario Securities Commission for an order that it has ceased to be a reporting issuer in all jurisdictions of Canada in which it is a reporting issuer.

The principal regulator was satisfied that the Filer met the test set out in the legislation, noting that the Filer's outstanding securities are beneficially owned by fewer than 15 securityholders in each jurisdiction of Canada and fewer than 51 securityholders worldwide, and its securities are not traded on any marketplace.

The order was granted.

Corton Capital Inc. applied for exemptive relief on behalf of its investment funds from certain provisions of National Instrument 81-102.

The requested relief sought to permit the funds to invest in US-listed exchange-traded funds that are not reporting issuers in Canada, and to borrow cash from their custodian as a temporary measure to fund distributions.

The Ontario Securities Commission granted the requested exemptions, subject to conditions including concentration limits, SEC registration requirements for the underlying ETFs, and borrowing limits.

The applicant, BlackRock Asset Management Canada Limited, applied for exemptive relief to extend the lapse date of the long form prospectus for certain exchange-traded mutual funds.

The extension was sought to align the renewal timeframe of these ETFs with other funds managed by the applicant, thereby reducing costs and streamlining operations.

The Ontario Securities Commission granted the requested relief, finding it would not be prejudicial to the public interest.

The Issuer applied to the Ontario Securities Commission for a partial revocation of a failure-to-file cease trade order (FFCTO) issued due to unfiled continuous disclosure documents.

The Issuer sought the partial revocation to conduct a private placement offering of units for up to $2,000,000.

The proceeds would be used to pay outstanding fees, prepare the unfiled documents, and apply for a full revocation of the FFCTO.

The Commission granted the partial revocation order, permitting trades necessary for the private placement, subject to conditions including providing investors with a copy of the FFCTO and obtaining written acknowledgements.

The applicant applied on behalf of existing and future alternative mutual funds for exemptive relief from certain provisions of National Instrument 81-102.

The requested relief included exemptions from short selling and cash borrowing limits, as well as the requirement to hold all portfolio assets with a single custodian.

The Ontario Securities Commission granted the requested relief, subject to specific conditions regarding leverage limits, short sale collateral, and reconciliation of assets among multiple custodians.

Lithium Royalty Corp. applied to the Ontario Securities Commission for an order to cease being a reporting issuer in all jurisdictions of Canada where it is a reporting issuer.

The Filer 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 principal regulator was satisfied that the test under the legislation was met and granted the order.

The Filer applied for exemptive relief on behalf of existing and future alternative mutual funds from certain short selling restrictions in National Instrument 81-102.

The relief sought to permit the funds to short sell government securities, including those of the U.K. and Germany, up to a maximum of 300% of their net asset value as part of an interest rate risk hedging strategy.

The Ontario Securities Commission granted the requested relief, subject to conditions including that aggregate exposure to short selling, cash borrowing, and specified derivatives not exceed 300% of NAV.

The Filer applied for exemptive relief on behalf of its mutual funds from the requirement in subsection 6.1(1) of National Instrument 81-102 that all portfolio assets be held by one qualified custodian.

The relief sought to permit the funds to deposit portfolio assets with a borrowing agent that is not the fund's custodian in connection with short sales, subject to specified collateral limits.

The principal regulator granted the requested relief, provided the funds otherwise comply with subsections 6.8.1(2) and (3) of NI 81-102.

The Filer applied on behalf of the Harvest Premium Yield Canadian Bank ETF for exemptive relief from the concentration restriction in section 2.1(1.1) of National Instrument 81-102.

The relief was sought to permit the ETF to invest more than 20% of its net asset value in the equity securities of a single Canadian bank, which is necessary to implement its investment strategy involving leverage and covered call options.

The principal regulator granted the exemption, subject to conditions requiring the ETF to maintain approximately equal weight exposure to the constituent banks and to provide specific prospectus disclosure regarding the exemption and associated concentration risks.

Canada Life Investment Management Ltd. applied for exemptive relief on behalf of certain investment funds to permit them to invest in underlying private equity funds managed by Northleaf and Sagard.

The underlying funds are not subject to NI 81-102, may hold more than 10% of their net asset value in other investment funds, and are not reporting issuers.

The Ontario Securities Commission granted the requested exemptions from paragraphs 2.5(2)(a), 2.5(2)(a.1), 2.5(2)(b), and 2.5(2)(c) of NI 81-102, subject to several conditions including independent review committee approval and limits on illiquid assets.

The Filer applied for exemptive relief from the multi-layering restriction in clause 2.5(2)(b) of National Instrument 81-102.

The relief sought would permit the proposed wrap funds to invest in corresponding middle funds, which in turn hold more than 10% of their net asset value in third-tier funds.

The Ontario Securities Commission granted the requested exemption, subject to conditions including no duplication of management fees and compliance with top portfolio holdings disclosure requirements.

Titanium Transportation Group Inc. applied to the Ontario Securities Commission for an order to cease being a reporting issuer in all applicable Canadian jurisdictions.

Following a plan of arrangement and amalgamation, the Filer's common shares were delisted from the TSX and OTCQX.

The Filer's shares are now held by a parent company and rollover shareholders subject to private company transfer restrictions.

The principal regulator granted the order, finding the Filer met the requirements to cease being a reporting issuer.