Formula Growth Limited - s. 213(3)(b) of the LTCA
Headnote
Clause 213(3)(b) of the Loan and Trust Corporations Act. - application for approval to act as trustee of mutual fund trusts.
Statutes Cited
Loan and Trust Corporations Act, R.S.O. 1990, c. L.25, as am., s. 213(3)(b).
Rules Cited
Ontario Securities Commission Approval 81-901, Approval of Trustees of Mutual Fund Trusts (1997), 20 OSCB 200.
September 30, 2005
Attention: Jennifer Parkin
Dear Sirs/Mesdames:
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Re:
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Application by Formula Growth Limited (the "Applicant") pursuant to clause 213(3)(b) of the Loan and Trust Corporations Act (Ontario) to act as trustee of Formula Growth Hedge Fund and of other investment trusts (the "Future Trusts") to be established by the Applicant from time to time under the laws of Ontario and distributed under dealer registration and prospectus exemptions
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Application No. 629/05
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Further to the application dated September 7, 2005, (the "Application") filed on behalf of the Applicant, and based on the facts set out in the Application, pursuant to the authority conferred on the Ontario Securities Commission (the "Commission") in clause 213(3)(b) of the Loan and Trust Corporations Act (Ontario), the Commission approves the proposal that the Applicant act as trustee of Formula Growth Hedge Fund and of any Future Trusts for which the Applicant also acts as manager.