Securities Law & Instruments


Headnote

Clause 213(3)(b) of the Loan and Trust Corporations Act – application by manager, with no prior track record acting as trustee, for approval to act as trustee of a pooled fund and future pooled funds to be managed by the applicant and offered pursuant to a prospectus exemption.

Statutes Cited

Loan and Trust Corporations Act, R.S.O. 1990, c. L.25, as am., s. 213(3)(b).

July 28, 2017

Borden Ladner Gervais LLP
Bay Adelaide Centre, East Tower
22 Adelaide Street West
Toronto, Ontario
M5H 4E3

Attention: Sarah K. Gardiner

Dear Sirs/Mesdames:

Re:         Rocklinc Investment Partners Inc.

Application under Clause 213(3)(b) of the Loan and Trust Corporations Act (Ontario) for Approval of Appointment as Trustee

Application #2017/0321

Further to your application dated June 7, 2017 (the Application) filed on behalf of Rocklinc Investment Partners Inc. (the Applicant), and based on the facts set out in the Application and the representation by the Applicant that the assets of Rocklinc Partners Fund and any future mutual fund trusts that the Applicant may manage from time to time, the securities of which will be offered pursuant to prospectus exemptions, will be held in the custody of a trust company incorporated, and licensed or registered, under the laws of Canada or a jurisdiction, or a bank listed in Schedule I, II or III of the Bank Act (Canada) or a qualified affiliate of such bank or trust company, the Ontario Securities Commission (the Commission) makes the following order:

Pursuant to the authority conferred on the Commission in clause 213(3)(b) of the Loan and Trust Corporations Act (Ontario), the Commission approves the proposal that the Applicant act as trustee of Rocklinc Partners Fund and any future mutual fund trusts that may be managed by the Applicant from time to time, the securities of which will be offered pursuant to prospectus exemptions.

Yours truly,

“Mark Sandler”
Commissioner

“William Furlong”
Commissioner