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Tralucent Asset Management Inc. and Tralucent Global Alt (Long/Short) Equity Fund

2023-08-08 | Approval | 81-101 | Investment funds and structured products | https://www.osc.ca/en/securities-law/orders-rulings-decisions/tralucent-asset-management-inc-and-tralucent-global-alt-longshort-equity-fund-0

National Instrument 81-101 Mutual Fund Prospectus Disclosure, ss. 2.1(2), 6.1.


The Ontario Securities Commission has decided to grant Tralucent Asset Management Inc., the manager of Tralucent Global Alt (Long/Short) Equity Fund, an exemption from the requirement under subsection 2.1(2) of National Instrument 81-101 Mutual Fund Prospectus Disclosure (NI 81-101). This requirement typically prohibits the filing of a prospectus more than 90 days after the issuance of a receipt for the preliminary prospectus. The decision was made following an application by the Filer, dated July 11, 2023, and is contingent on the prospectus being filed no later than September 15, 2023. The exemption is based on the information and representations provided in the application and is intended to facilitate the filing of the Fund’s prospectus beyond the standard 90-day period. Darren McKall, Manager of the Investment Funds and Structured Products Branch, communicated the decision, which will be formalized through the issuance of a receipt for the Fund’s prospectus.