Ontario Securities Commission

The Filer, an SEC issuer, applied for exemptive relief to send proxy-related materials to registered and beneficial holders using a delivery method permitted under U.S. federal securities law (notice-and-access).

The Filer could not rely on the automatic exemptions in NI 51-102 and NI 54-101 because more than 50% of its consolidated assets are located in Canada and its business is administered principally in Canada.

The Ontario Securities Commission granted the requested relief, provided the Filer meets all other requirements of the automatic exemptions.

The Filer, McEwen Mining Inc., applied for an exemption from the prospectus requirement under the Securities Act (Ontario) to permit investment dealers to use Standard Term Sheets, Marketing Materials, and conduct Road Shows in connection with future offerings under a Final Canadian MJDS Shelf Prospectus.

The Ontario Securities Commission granted the exemption, provided the conditions and requirements set out in Part 9A of NI 44-102 are complied with.

The applicants applied for exemptive relief from the requirements of paragraphs 15.3(4)(c) and 15.3(4)(f) of National Instrument 81-102.

The relief was sought to permit the mutual funds managed by the applicants to reference FundGrade A+ Awards and FundGrade Ratings in their sales communications.

The principal regulator granted the requested relief, subject to specific disclosure conditions and time limits for referencing the awards.

The applicant, Schneider Electric S.E., applied to the Ontario Securities Commission for exemptive relief from the prospectus and dealer registration requirements in connection with an international employee shareholding plan.

The plan involved the issuance of units of a French collective shareholding vehicle to Canadian employees.

The Commission granted the requested relief, subject to conditions regarding the first trade of the securities and the proportion of Canadian ownership.

The Filer applied for exemptive relief from subsection 5.1(a) of National Instrument 81-105 to permit it to pay participating dealers for direct costs incurred relating to cooperative marketing initiatives whose primary purpose is to provide educational information concerning financial planning matters.

The Ontario Securities Commission granted the requested relief, subject to conditions including that the Filer complies with other requirements of NI 81-105, does not require dealers to sell its funds, and ensures the educational information is general and contains appropriate disclaimers.

The applicant, a French corporation, applied for exemptive relief from the prospectus and dealer registration requirements in connection with a global employee share offering.

The offering involved the issuance of units of a temporary French collective shareholding vehicle to Canadian employees, which would later merge into a principal fund.

The Commission granted the requested relief, subject to conditions including that the first trade of the securities be made outside of Canada or to a person outside of Canada, and that Canadian residents not own more than 10% of the outstanding securities.

The Filer applied for exemptive relief from the requirements of paragraphs 15.3(4)(c) and 15.3(4)(f) of National Instrument 81-102 to permit its mutual funds to reference FundGrade A+ Awards and FundGrade Ratings in sales communications.

The Ontario Securities Commission granted the requested relief, subject to specific disclosure conditions, finding that the ratings provide an objective and transparent measure of performance that is not misleading.

Campar Capital Corporation applied for an order to cease to be a reporting issuer in Ontario, Alberta, British Columbia, and Québec following an arrangement agreement where all its common shares were acquired by Starlight U.S. Multi-Family (No. 5) Core Fund.

The common shares were subsequently delisted from the TSX Venture Exchange.

The Ontario Securities Commission, acting as the principal regulator, granted the order, noting that the filer's outstanding securities are beneficially owned by a sole securityholder and are no longer traded on any marketplace in Canada.

Column Canada Issuer Corporation applied for an order to cease to be a reporting issuer in all jurisdictions of Canada where it is a reporting issuer.

The Filer is a wholly-owned indirect subsidiary of Credit Suisse Group AG and its only outstanding securities are 100 common shares held by its parent.

Although the Filer was in default of certain continuous disclosure filings, it had no asset-backed securities outstanding to report on.

The Ontario Securities Commission granted the order, finding it met the statutory test.

Sprott Resource Corp. applied to the Ontario Securities Commission for an order to cease being 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 its securities are not traded on any marketplace.

The principal regulator found the test under the legislation was met and granted the order.

The Filer, Common Wealth Pension Services Inc., applied to the Ontario Securities Commission for exemptive relief from the dealer registration and prospectus requirements under Ontario securities legislation.

The relief was sought in respect of trades in mutual fund securities to capital accumulation plans (CAPs) and non-tax assisted CAPs sponsored by plan sponsors using the Filer's services.

The Commission granted the requested relief, subject to various conditions including disclosure requirements, provision of investment decision-making tools, and limitations on contributions to non-tax assisted CAPs.

The Filer, Perk Inc., applied for an order under the securities legislation of Ontario to cease 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 worldwide, and are not traded on any marketplace.

The order was granted.

The Filer, Algonquin Capital Corporation, applied for exemptive relief on behalf of itself and certain investment funds (the Top Funds) to permit the Top Funds to invest in Underlying Funds managed by the Filer.

The requested relief included exemptions from related issuer restrictions and consent requirements under National Instrument 31-103.

The Ontario Securities Commission granted the requested relief, subject to conditions including disclosure requirements and restrictions on fee duplication, finding that the fund-on-fund structure would provide economies of scale and benefit investors.

The Filer applied to the Ontario Securities Commission for an order to cease being a reporting issuer in all applicable Canadian jurisdictions.

The Filer represented that it had fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide, and its securities were not traded on any marketplace.

The principal regulator granted the order, finding that the Filer met the test set out in the legislation.

The Filer applied to the Ontario Securities Commission for approval of the mergers of several mutual fund classes into corresponding mutual fund trusts under paragraph 5.5(1)(b) of NI 81-102.

The mergers did not qualify for pre-approval under section 5.6 because they could not be effected on a tax-deferred basis.

The Commission granted the requested exemptive relief, subject to the Filer obtaining prior securityholder approval for the mergers.

Franchise Bancorp Inc. applied to the Ontario Securities Commission for an order declaring that it has ceased to be a reporting issuer in all jurisdictions of Canada where it is a reporting issuer.

The Commission found that the Filer met the requirements, including having fewer than 51 securityholders worldwide and no securities traded on a marketplace.

The order was granted.

The Filer applied for an order to cease being a reporting issuer in all applicable Canadian jurisdictions.

Following a share consolidation, the Filer's outstanding securities were beneficially owned by fewer than 15 securityholders in each jurisdiction and fewer than 51 worldwide.

Although the Filer was in default of certain filing requirements and minority shareholder protection rules, the Ontario Securities Commission granted the order, satisfied that the statutory test was met.

Mettrum Health Corp. applied to the Ontario Securities Commission for an order that it has ceased to be a reporting issuer in all applicable Canadian jurisdictions.

The principal regulator found that the Filer met the requirements, including having fewer than 15 securityholders in each Canadian jurisdiction and fewer than 51 worldwide, and granted the order.

The Filer applied for exemptive relief on behalf of several proposed exchange-traded funds (ETFs) from the Underwriter's Certificate Requirement, the Prospectus Form Requirement, and the Take-Over Bid Requirements.

The Ontario Securities Commission granted the requested exemptions, subject to conditions including the filing and delivery of a Summary Document (and eventually an ETF Facts document) to purchasers, and the incorporation of the Summary Document by reference into the ETFs' prospectuses.

The Filer applied for exemptive relief from the requirement to provide certain historical financial statements of an indirectly acquired business in a business acquisition report under Part 8 of National Instrument 51-102.

The Filer argued that preparing the required carve-out financial statements would be impracticable due to the lack of separate accounts and the commingling of expenses and records by the vendor.

The principal regulator granted the relief, permitting the Filer to include alternative audited and pro forma financial statements in the business acquisition report.