The Securities Commission has granted an order for the Horizons US 7-10 Year Treasury Bond CAD Hedged ETF (the Horizons Fund), managed by Horizons ETFs Management (Canada) Inc. (the Filer), to cease being a reporting issuer. The decision is based on the following key points:
1. The Horizons Fund is not an OTC reporting issuer.
2. It has fewer than 15 security holders in each jurisdiction in Canada and less than 51 globally.
3. Its securities are not traded on any public marketplace or facility where trading data is reported.
4. The Filer has requested the Horizons Fund to cease being a reporting issuer in all Canadian jurisdictions where it currently has this status.
5. The Horizons Fund is not in default of any securities legislation.
The order is supported by the Securities Act, R.S.O. 1990, c. S.5, as amended, specifically section 1(10)(a)(ii). The Ontario Securities Commission, acting as the principal regulator, has determined that the order meets the necessary legislative requirements and has therefore approved the application.