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Exemptive relief granted to extend the 90-day deadline for filing a mutual fund prospectus.
The applicant, manager of two mutual funds, applied to the Ontario Securities Commission for exemptive relief under section 6.1 of National Instrument 81-101.
The applicant sought an exemption from subsection 2.1(2) of NI 81-101, which prohibits filing a prospectus more than 90 days after the receipt of a preliminary prospectus.
The Director granted the requested exemption, subject to the condition that the prospectus be filed no later than December 16, 2013.
