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 pooled funds and future pooled funds to be established and 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).

 

October 15, 2018

 

AUM Law

175 Bloor Street East

Suite 303, South Tower

Toronto, ON M4W 3R8

Attn:  Sandy Psarras

 

Dear Sirs/Mesdames:

 

Re:         Ullman Wealth Management Inc. (the Applicant)

 

Application pursuant to clause 213(3)(b) of the Loan and Trust Corporations Act (Ontario) for approval to act as trustee

 

Application No. 2018/0441

 

Further to your application dated August 3, 2018 (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 UWM Disciplined Growth Fund and any future mutual fund trusts that the Applicant may establish and 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 UWM Disciplined Growth Fund and any future mutual fund trusts that may be established and managed by the Applicant from time to time, the securities of which will be offered pursuant to prospectus exemptions.

 

Yours truly,

 

“Frances Kordyback”

Commissioner    

 

“Deborah Leckman”

Commissioner