Securities Law & Instruments

Headnote

Clause 213(3)(b) of the Loan and Trust Corporations Act -- application by manager, with prior track record acting as trustee, for approval to act as trustee of pooled funds 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).

September 25, 2013

Borden Ladner Gervais LLP
Scotia Plaza
40 King Street West
Toronto, Ontario
M5H 3Y4

Attention: Lynn M. McGrade

Dear Sirs/Mesdames:

Re:

Capital International Asset Management (Canada) Inc. (the "Applicant")

 

 

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

 

 

Application No. 2013/0563

Further to your application dated August 28, 2013 (the "Application") filed on behalf of the Applicant, and based on the facts set out in the Application and the representation by the Applicant that the assets of the U.S. Equity Fund and any other future mutual fund trusts that the Applicant may establish and manage from time to time, 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 an 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 U.S. Equity Fund and any future mutual fund trusts which may be established and managed by the Applicant from time to time, the securities of which will be offered pursuant to an exemption from the prospectus requirement.

Yours truly,

"C. Wesley M. Scott"
Commissioner
 
"Christopher Portner"
Commissioner