The Securities Commission has granted an extension to the lapse date of the prospectus for a group of education portfolio funds managed by C.S.T. Spark Inc. This extension aligns the prospectus renewal date with that of another fund under the same management, facilitating their combination into a single prospectus. The decision is based on the rationale that there have been no material changes in the affairs of the funds since the last prospectus filing, and the extension will not compromise the accuracy or relevance of the information provided to investors. The extension is permitted under subsection 62(5) of the Securities Act (Ontario), and the decision is made in the public interest, as it allows for cost reduction and streamlined disclosure without affecting investor protection.
