Ontario Securities Commission

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, and its securities are not traded on any marketplace.

The Deputy Director of Corporate Finance was satisfied that the statutory test was met and ordered that the Applicant is not a reporting issuer.

The Filer applied for exemptive relief from the conflict of interest provisions in section 13.5(2)(a) of National Instrument 31-103.

The relief was sought to allow top feeder funds to invest in underlying master funds managed by the same portfolio adviser without obtaining prior written consent from investors.

The Ontario Securities Commission granted the requested relief, subject to conditions including that no duplicate management or incentive fees are charged and that appropriate disclosure is provided to investors.

Redknee Solutions Inc. applied to the Ontario Securities Commission for exemptive relief from the requirement under National Instrument 51-102 to include audited financial statements of an acquired business in a Business Acquisition Report.

The Filer acquired Nokia Siemens Networks' Business Support System business, which was not operated as a separate entity, making the preparation of stand-alone audited financial statements impracticable.

The Commission granted the exemption, permitting the Filer to include alternative financial information, including an audited statement of assets acquired and liabilities assumed, and an audited statement of direct revenues and expenses.

The Applicant, Taggart Capital 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 its securities are not traded on any marketplace.

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

The applicant, a Capital Pool Company, applied for an exemption from the requirement in section 4.3(a) of National Instrument 52-107 that an auditor's report filed in connection with certain financial statements must express an unmodified opinion.

The applicant sought to file audited financial statements of a target company containing a qualification regarding opening and closing inventory.

The Ontario Securities Commission granted the requested relief, noting that the modified opinion was limited to the 2010 financial statements and had been resolved in subsequent years.

The applicant sought an exemption from section 2.3(h) of National Instrument 81-102 to permit the Equity Income Fund to invest in standardized futures with underlying interests in sweet crude oil or natural gas for hedging purposes.

The principal regulator granted the exemption, subject to conditions including that the purchases are made in accordance with hedging provisions, traded only for cash or offsetting contracts, effected through ICE Europe or NYMEX, and do not exceed 20% of the fund's net asset value.

The Filer, SMTC Manufacturing Corporation of Canada, applied for a decision that it is no longer a reporting issuer under the securities legislation of multiple Canadian jurisdictions.

The Filer's outstanding securities are beneficially owned by fewer than 15 security holders in each jurisdiction and fewer than 51 worldwide, making it impractical and costly to remain a reporting issuer.

The Ontario Securities Commission, acting as the principal regulator, granted the requested exemptive relief.

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

The Decision Makers found that the Applicant's 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 application was granted, and the Applicant was ordered not to be a reporting issuer.

Aurion Capital Management Inc. applied for exemptive relief on behalf of its pooled funds to permit them to purchase securities of related entities over a stock exchange and non-exchange traded debt securities of related entities in primary offerings and the secondary market.

Relief was also sought to allow the funds to engage in principal trading of debt securities of third parties with a related dealer in the secondary market.

The Ontario Securities Commission granted the requested relief, subject to conditions including approval by the funds' independent review committee, compliance with specific pricing requirements, and limits on the amount of a primary offering of a related entity that a fund may purchase.

The applicant applied for a decision under the securities legislation of multiple jurisdictions 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, and that its securities 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, Government Strip Bond Trust, applied for a decision that it is no longer a reporting issuer under the securities legislation of multiple Canadian jurisdictions.

The Applicant represented that its outstanding securities are beneficially owned by fewer than 15 securityholders in each jurisdiction and fewer than 51 worldwide, its securities are not traded on any marketplace, and it is not in default of any obligations under the legislation.

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

The Filer, a wholly-owned indirect subsidiary of Molycorp Inc., applied for an order that it is no longer a reporting issuer under applicable securities laws.

The Filer had outstanding debentures held by more than 51 holders in Canada, but its parent company had guaranteed and assumed all payment and share issuance obligations under the debentures.

The Ontario Securities Commission granted the exemptive relief, finding that the debenture holders no longer required public disclosure in respect of the Filer.

The applicant, an investment company, applied to the Ontario Securities Commission for a variation of a prior exemption order to extend the deferral of its transition to International Financial Reporting Standards (IFRS) for one additional year (to the financial year ending December 31, 2013).

The applicant sought relief from the requirements of Part 3 of National Instrument 52-107 and related IFRS amendments to continuous disclosure, prospectus, certification, and audit committee rules, allowing it to continue filing financial statements under old Canadian GAAP.

The Commission granted the requested relief, subject to conditions including that the applicant continues to qualify as an investment company and complies with the pre-changeover accounting standards and rules.

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

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 Commission was satisfied that the statutory test was met and ordered that the applicant is not a reporting issuer.

The Filer, Foxpoint Capital Corp., applied for exemptive relief from the requirement under National Instrument 51-102 to file financial statements for the Telegraph Property in connection with a reverse takeover.

The Telegraph Property was acquired in an arm's length transaction, had been dormant, and historical financial statements were never prepared.

The Ontario Securities Commission granted the requested relief, subject to the condition that the management information circular is filed on SEDAR.

The filer, Thomson Reuters Corporation, applied to the Ontario Securities Commission for an exemption from the prospectus requirement for trades in its commercial paper.

The commercial paper did not meet the 'approved credit rating' definition under National Instrument 45-106 because it held a lower rating from one of the rating organizations.

The Commission granted the exemptive relief, allowing the trades without a prospectus, subject to conditions including that the commercial paper matures within one year, is not asset-backed, and maintains prescribed minimum ratings from specified rating organizations.

The Applicant applied for a decision under the securities legislation of multiple Canadian jurisdictions that it is no longer a reporting issuer.

The Decision Makers found that the Applicant met the statutory test, as 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 application was granted, and the Applicant was ordered not to be a reporting issuer.

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

Following a court-approved plan of arrangement and subsequent amalgamation, the Applicant's outstanding securities were beneficially owned by fewer than 15 securityholders in each jurisdiction of Canada (except Ontario, where it had 15) and fewer than 51 worldwide.

The Ontario Securities Commission, acting as principal regulator, granted the requested relief, ordering that the Applicant is no longer a reporting issuer.

The applicant applied for a decision under the securities legislation of multiple jurisdictions that it is no longer a reporting issuer.

The decision maker was satisfied that the applicant met the test, as its outstanding securities were beneficially owned by fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide, and its securities were not traded on any marketplace.

The application was granted.

The Applicant, Ally Credit Canada Limited, applied for a decision under the securities legislation of multiple Canadian jurisdictions 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 the Decision Maker, was satisfied that the statutory test was met and ordered that the Applicant is not a reporting issuer.