Brompton Funds Management Limited - s. 213(3)(b)

Headnote

Approval under clause 213(3)(b) of the Loan and Trust Corporations Act -- Manager of trust unable to rely upon Approval 81-901 -- Approval of Trustees of Mutual Fund Trusts as units to be sold pursuant to dealer registration and prospectus exemptions -- trust created to facilitate public offering by another trust -- each trusts' portfolio linked to the other through forward agreement -- manager approved to act as trustee.

Statutes Cited

Loan and Trust Corporations Act, R.S.O. 1990, c. L.25, as am., s. 213(3)(b).

April 21, 2006

Attention: Danielle Shields

Dear Sirs/Mesdames:

Further to the application dated April 4, 2006 (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 CGF Trust 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 CGF Trust which it will manage.

"Carol S. Perry"

"Suresh Thakrar"