The Murray Wealth Group Inc. – 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 established and 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).
May 5, 2015
Attention: Pierre-Yves Chatillon
Dear Sirs/Mesdames:
Re: The Murray Wealth Group Inc. (the "Applicant")
Application under section 213(3)(b) of the Loan and Trust Corporations Act (Ontario) dated February 28, 2015
Application No. 2015/0122
Further to your application dated February 28, 2015 (the "Application") filed on behalf of the Applicant, and based on the facts set out in the Application and the representation by the Applicant that the assets of MWG Canadian Equity Growth Fund, MWG Global Equity Growth Fund, MWG Fixed Income Fund and MWG Dividend Growth Fund and any other future mutual fund trusts that the Applicant may establish and manage from time to time, will be held in the custody of a trust company incorporated and licensed or registered under the laws of Canada or a jurisdiction, or a bank listed in Schedule I, II or III of the Bank Act (Canada), or a qualified affiliate of such bank or trust company, 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 the Applicant act as trustee of the MWG Canadian Equity Growth Fund, MWG Global Equity Growth Fund, MWG Fixed Income Fund and MWG Dividend Growth Fund and any other future mutual fund trusts which may be established and managed by the Applicant from time to time, the securities of which will be offered pursuant to prospectus exemptions.
Yours truly,