The Securities Commission has granted an extension to the lapse date of the prospectus for the Desjardins Societerra American Equity ETF, managed by Desjardins Global Asset Management Inc. The extension aligns the lapse date with that of 11 other funds under the same management, moving it to March 15, 2023. This decision is based on the rationale that consolidating the prospectuses will reduce costs, streamline disclosure, and facilitate investor comparison. The extension is deemed reasonable as there have been no material changes in the fund’s affairs since the original prospectus, ensuring that the information remains current and accurate. The extension will not disadvantage investors or the public interest. The decision is supported by the Securities Act, R.S.O. 1990, c. S.5, as amended, specifically section 62(5), and is consistent with National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions.
