First Trust Tactical Bond Index ETF – 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 FIRST TRUST TACTICAL BOND INDEX ETF (the Fund)
DESIGNATION ORDER (Section 1.1)
WHEREAS the Fund is or will be listed on the Toronto Stock Exchange;
AND WHEREAS under the Universal Market Integrity Rules (UMIR), the Fund is considered an Exempt Exchange-traded Fund that is 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 Fund as an exchange-traded fund for the purposes of the Rule.
DATED June 9, 2015