TruX Exogenous Risk Pool and True Exposure Investments Inc.

Approval

Headnote

National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions -- Exemption from subsection 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

November 23, 2021

Adelson Law

Attention: Eric Adelson

Re: TruX Exogenous Risk Pool (the Pool) and True Exposure Investments Inc. (TruX)

Preliminary Simplified Prospectus, Annual Information Form, and Fund Facts dated September 14, 2021

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

Application No. 2021/0673; SEDAR Project No. 3278743

______________________________

By letter dated November 14, 2021 (the Application), TruX, the investment fund manager of the Pool, 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 Pool's prospectus, subject to the condition that the prospectus be filed no later than January 27, 2022.

Yours very truly,

"Darren McKall"

Manager, Investment Funds and Structured Products Branch

Ontario Securities Commission

 

Application File #: 2021/0673