Securities Law & Instruments

Headnote

National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions -- exemption from ss. 2.1(2) of NI 81-101 to file a prospectus more than 90 days after the date of the receipt for the preliminary prospectus.

Applicable Legislative Provisions

National Instrument 81-101 Mutual Fund Prospectus Disclosure, subsection 2.1(2), 6.1.

April 25, 2016

Fidelity Investments Canada ULC

Attention: Robert Sklar

Dear Sirs/Mesdames:

Re: FIDELITY INVESTMENTS CANADA ULC

Preliminary Simplified Prospectus, Annual Information Form and Fund Facts dated December 18, 2015

Fidelity Global Monthly Income Currency Neutral Fund, Fidelity American Balanced Currency Neutral Fund and Fidelity Strategic Income Currency Neutral Fund (collectively, the Funds)

Application under section 6.1 of National Instrument 81-101 -- Mutual Fund Prospectus Disclosure (NI 81-101) for an extension of the 90 day period under subsection 2.1(2) of NI 81-101

Application No. 2016/0163; SEDAR Project No. 2430583

By letter dated March 11, 2016 (the Application), the Filer, as the manager of the Funds, applied on behalf of the Funds to the Director of the Ontario Securities Commission (the Director) under section 6.1 of NI 81-101 for relief from subsection 2.1(2) of NI 81-101, which prohibits a mutual fund from filing a prospectus more than 90 days after the date of the receipt for the preliminary simplified prospectus.

This letter confirms that, based on the information and representations made in the Application, and for the purposes described in the Application, the Director intends to grant the requested exemption to be evidenced by the issuance of a receipt for the Funds' prospectus, subject to the condition that the prospectus be filed no later than April 30, 2016.

Yours very truly,

"Vera Nunes"
Manager, Investment Funds Branch
Ontario Securities Commission