The Ontario Securities Commission granted Evolve Funds Group Inc. an exemption from the requirement under subsection 2.3(1.1) of National Instrument 41-101, which mandates that a final prospectus be filed within 90 days of the preliminary prospectus receipt. The relief extends the filing deadline by an additional 60 days, allowing the final prospectus to be filed by March 30, 2024. This extension ensures that the final prospectus is filed within the same calendar year the fund units are planned to be listed on the TSX, thereby avoiding adverse tax consequences. The funds will not be pre-marketed before their launch. The decision is based on the representations made in the application and will be evidenced by the issuance of a receipt for the fund’s prospectus. Relevant legislative provisions include sections 2.3(1.1) and 19.1 of National Instrument 41-101.
