The Securities Commission has granted an exemption to True Exposure Investments Inc. (TruX), the investment fund manager of the TruX Exogenous Risk Pool (the Pool), from the requirement under subsection 2.1(2) of National Instrument 81-101 Mutual Fund Prospectus Disclosure (NI 81-101). This requirement typically prohibits an issuer from filing a prospectus more than 90 days after the receipt date of the preliminary prospectus. The exemption, requested by TruX through an application dated November 14, 2021, allows the Pool to file its prospectus beyond the 90-day limit, with the condition that the filing occurs no later than January 27, 2022. The decision was made under the authority of section 6.1 of NI 81-101, based on the information and representations provided in the application. The outcome is that the Director of the Ontario Securities Commission intends to issue a receipt for the Pool’s prospectus, evidencing the granted exemption.
