Lawrence Asset Management Inc. - s. 213(3)(b) of the LTCA

Headnote

Subsection 213(3)(b) of the Loan and Trust Corporations Act -- application for approval of experienced applicant to act as trustee for pooled funds and future pooled funds.

Statutes Cited

Loan and Trust Corporations Act, R.S.O. 1990, c. L.25, as am., s. 213(3)(b).

May 13, 2005

Stikeman Elliot

Attention: Stee Asbjornsen

Dear Sirs/Mesdames:

Further to your application dated April 28, 2005 (the Application), filed on behalf of the Applicant, and based on the facts set out in the Application, under 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 the Lawrence Partners Fund and of other mutual fund trusts which may be established and managed by the Applicant in the future and which will be offered pursuant to prospectus exemptions (collectively, the Funds).

"Paul Moore"

"Carol Perry"