Franklin Templeton Investments Corp. and Franklin Bissett Canadian Bond Fund – s. 6.1 of NI 81-101 Mutual Fund Prospectus Disclosure

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.

December 18, 2017

Franklin Templeton Investments Corp.

Attention: Andrew Anderson

Dear Sirs/Mesdames:

Re:         Franklin Templeton Investments Corp. (the Filer)    

                Preliminary Simplified Prospectus, Annual Information Form and Fund Facts dated September 22, 2017

Franklin Bissett Canadian Bond Fund

Application under section 6.1 of National Instrument 81-101 – Mutual Fund Prospectus Disclosure (NI 81-101) for an extension of the 90 day period under subsection 2.1(2) of NI 81-101

Application No. 2017/0710; SEDAR Project No. 2677425

By letter dated December 13, 2017 (the Application), the Filer, as the manager of the Fund, applied on behalf of the Fund to the Director of the Ontario Securities Commission (the Director) under section 6.1 of NI 81-101 for relief from subsection 2.1(2) of NI 81-101, which prohibits a mutual fund from filing a prospectus more than 90 days after the date of the receipt for the preliminary simplified 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 January 2, 2018.

Yours very truly,

“Vera Nunes”

Manager

Investment Funds and Structured Products Branch

Ontario Securities Commission