ONE Financial Corporation -- s. 213(3)(b) of the LTCA
Headnote:
Clause 213(3)(b) of the Loan and Trust Corporations Act -- application by manager, with no prior track record acting as trustee, for approval to act as trustee of pooled funds and future pooled funds to be managed by the applicant and offered pursuant to a prospectus exemption.
Statutes Cited
Loan and Trust Corporations Act, R.S.O. 1990, c. L.25, as am., s. 213(3)(b).
August 10, 2012
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Re: |
ONE Financial Corporation (ONE Financial) -- application for approval pursuant to clause 213(3)(b) of the Loan and Trust Corporations Act (Ontario) to act as trustee of All-Weather Profit Canada Investment Pool, All-Weather Profit U.S. Investment Pool, All-Weather Profit Europe & Asia Investment Pool, All-Weather Profit Emerging Markets Investment Pool, All-Weather Profit Commodities Investment Pool, All-Weather Profit Global Diversified Investment Pool, All-Weather Profit Global Diversified Growth Investment Pool, All-Weather Profit Growth & Income Balanced Investment Pool, ONE Financial All-Weather Profit Monthly Bond Investment Pool, All-Weather Profit Short-term Savings Investment Pool, All-Weather Profit Conservative Growth 2022 Protected Investment Pool and All-Weather Profit Monthly ROC Income 2022 Protected Investment Pool and any other future investment fund trusts that ONE Financial may establish from time to time (collectively, the Funds) |
Further to an application dated July 27, 2012 (the Application) filed on behalf of ONE Financial, and based on the facts set out in the Application and the representations of ONE Financial that the assets of the Funds will be held in the custody of a trust company incorporated or licensed under the laws of Canada or a jurisdiction thereof, or a bank listed in Schedule I, II or III of the Bank Act (Canada), or an affiliate of such a trust company or bank, 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 ONE Financial act as the trustee of the Funds, the securities of which will be distributed pursuant to a prospectus exemption.
Yours truly,