BMO Covered Call Utilities ETF et al. -- s. 1.1
Headnote
Certain mutual funds designated as exchange-traded funds for the purposes of OSC Rule 48-501.
Rules Cited
Ontario Securities Commission Rule 48-501 Trading During Distributions, Formal Bids and Share Exchange Transactions, s. 1.1.
IN THE MATTER OF
ONTARIO SECURITIES COMMISSION RULE 48-501 -- TRADING DURING DISTRIBUTIONS,
FORMAL BIDS AND SHARE EXCHANGE TRANSACTIONS (Rule)
AND
IN THE MATTER OF
BMO COVERED CALL UTILITIES ETF
BMO COVERED CALL DOW JONES INDUSTRIAL AVERAGE HEDGED TO CAD ETF
BMO CANADIAN DIVIDEND ETF
BMO HIGH BETA CANADIAN EQUITY ETF
BMO LOW VOLATILITY CANADIAN EQUITY ETF
(COLLECTIVELY, THE FUNDS)
DESIGNATION ORDER
SECTION 1.1
WHEREAS the Funds are or will be listed on the Toronto Stock Exchange;
AND WHEREAS under the Universal Market Integrity Rules (UMIR), the Funds are considered Exempt Exchange-traded Funds that are not subject to prohibitions related to trading during certain securities transactions;
AND WHEREAS the definition of "exchange-traded fund" in the Rule is substantially similar to the definition of Exempt Exchange-traded Fund in UMIR, and the purpose of the Rule and UMIR are substantially similar;
THE DIRECTOR HEREBY DESIGNATES the Funds as exchange-traded funds for the purposes of the Rule.
DATED October 21, 2011