iShares DEX Short Term Corporate Universe + Maple Bond Index Fund -- 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
iSHARES DEX SHORT TERM CORPORATE UNIVERSE + MAPLE BOND INDEX FUND
(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 August 31, 2011