Longpoint Asset Management Inc. and Longpoint ForAll Core & More U.S. Equity Index ETF
Headnote
National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions -- relief from requirement in subsection 2.3(1.1) of NI 41-101 that a fund file its final prospectus within 90 days of the date of receipt for preliminary prospectus -- low risk of stale disclosure as final prospectus will be updated to reflect most current information about the fund -- relief for an additional 61 days to file final prospectus.
Applicable Legislative Provisions
National Instrument 41-101 General Prospectus Requirements, ss. 2.3(1.1) and 19.1.
VIA EMAIL
October 17, 2024
Fasken Martineau DuMoulin LLP
Attention: Munier Saloojee
Re:
Longpoint Asset Management Inc. (the Filer) and Longpoint ForAll Core & More U.S. Equity Index ETF (the Fund)
Preliminary Long Form Prospectus and ETF facts document dated June 6, 2024
Exemptive Relief Application pursuant to Section 19.1 of National Instrument 41-101
General Prospectus Requirements (NI 41-101)
SEDAR Plus Project No. 6190742
By letter dated October 7, 2024 (the Application), the Filer, the manager of the Fund, applied to the Director of the Ontario Securities Commission (the Director) under section 19.1 of NI 41-101 for relief from the operation of subsection 2.3(1.1) of NI 41-101, which prohibits an issuer from filing a prospectus more than 90 days after the date of the receipt for the preliminary prospectus.
This letter confirms that, based on the information and representations made in the Application, and for the purposes described in the Application, the Director intends to grant the requested exemption to be evidenced by the issuance of a receipt for the Fund's prospectus, subject to the condition that the prospectus be filed no later than November 8, 2024.
Yours very truly,
Application File #: 2024/0578
SEDAR+ File #: 6190742