Fidelity Investments Canada ULC

Headnote

National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions -- exemption from ss.2.1(2) of NI 81-101 to file a prospectus more than 90 days after the date of the receipt for the preliminary prospectus.

Applicable Legislative Provisions

National Instrument 81-101 Mutual Fund Prospectus Disclosure, ss. 2.1(2), 6.1.

VIA SEDAR

September 15, 2020

Attention: Ryan Trimble

Dear Sir:

Re: Fidelity Long-Term Leaders Fund and Fidelity Long-Term Leaders Currency Neutral Fund (the "Funds")

Preliminary Simplified Prospectus, Annual Information Form, and Fund Facts dated April 7, 2020

Exemptive Relief Application under Part 6 of National Instrument 81-101 Mutual Fund Prospectus Disclosure (NI 81-101)

Application No. 2020/0328; SEDAR Project Number 3042487

______________________________

By letter dated June 12, 2020 (the Application), Fidelity Investments Canada ULC, the manager of the Funds, applied to the Director of the Ontario Securities Commission (the Director) under section 6.1 of NI 81-101 for relief from the operation of subsection 2.1(2) of NI 81-101, 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 September 30, 2020.

Yours very truly,