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Evolve Funds Group Inc. and Evolve Artificial Intelligence Fund

March 19, 2024 | Approval | 41-101 | Investment funds and structured products | https://www.osc.ca/en/securities-law/orders-rulings-decisions/evolve-funds-group-inc-and-evolve-artificial-intelligence-fund

National Instrument 41-101 General Prospectus Requirements, ss. 2.3(1.1) and 19.1.


The 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 exemption allows an additional 60 days for filing the final prospectus, ensuring it is filed within the same calendar year as the planned TSX listing to avoid negative tax implications. The relief is contingent on the final prospectus being filed by March 30, 2024. This decision is based on the representations made in the application and is in accordance with section 19.1 of NI 41-101.

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