The Securities Commission granted an eight-day extension to the lapse date of the prospectus for certain mutual funds managed by Connor, Clark & Lunn Funds Inc. This decision allows the funds to continue distributing units without interruption. The extension was sought due to an inadvertent miscalculation of the filing deadline for the renewal prospectus, which resulted in a one-day delay. The Commission determined that the extension would not compromise the accuracy or relevance of the information in the current prospectus and that there was no material investor harm caused by the delay. The decision was made under the authority of section 62(5) of the Securities Act (Ontario) and in accordance with National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions. The outcome enables the funds to finalize and file their prospectus by the new lapse date without incurring additional costs, and it also provides administrative and operational efficiencies for the manager.
