The Ontario Securities Commission has decided to grant SLGI Asset Management Inc., the investment fund manager of the Sun Life Sustainable Canadian Fixed Income Fund, an exemption from the requirement set out in subsection 2.1(2) of National Instrument 81-101 Mutual Fund Prospectus Disclosure (NI 81-101). This subsection generally prohibits an issuer from filing a final prospectus more than 90 days after the receipt of the preliminary prospectus.
The decision was made based on an application dated January 13, 2023, and the information and representations contained therein. The exemption is conditional upon the final prospectus being filed no later than May 23, 2023. The legislative provision that underpins this outcome is section 6.1 of NI 81-101, which allows for exemptive relief applications in multiple jurisdictions. The decision will be formalized by the issuance of a receipt for the Fund’s prospectus by the specified deadline.