Securities Law & Instruments

Headnote

 

National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions – Relief from subsection 2.3(1.1) of National Instrument 41-101 General Prospectus Requirements to file a final prospectus more than 90 days after the date of the receipt for the preliminary prospectus.

 

Applicable Legislative Provisions

 

National Instrument 41-101 General Prospectus Requirements, ss. 2.3(1.1), 19.1.

 

November 28, 2017

 

CST Spark Inc.

 

Attention: Carole Matear

 

Dear Sirs/Mesdames:

 

Re:         CST Spark Inc. (the Filer)

 

Preliminary Long Form Prospectus dated August 31, 2017

 

Canadian Scholarship Trust SmartPlan (the Plan)

 

Exemptive Relief Application under Part 19 of National Instrument 41-101 General Prospectus Requirements (NI 41-101)

 

Application No. 2017/0646               SEDAR Project Number 2672383

 

By letter dated November 23, 2017 (the Application), the Filer, as manager of the Plan, applied on behalf of the Plan to the Director of the Ontario Securities Commission (the Director) under section 19.1 of NI 41-101 for relief from the operation of subsection 2.3(1.1) of NI 41-101, which prohibits an issuer from filing a final prospectus more than 90 days after the date of the receipt for the preliminary prospectus which relates to the final 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 Fund’s final prospectus, subject to the condition that the final prospectus be filed by no later than March 1, 2018.

 

Yours very truly,

 

“Darren McKall”

Manager

Investment Funds and Structured Products Branch

Ontario Securities Commission