The Ontario Securities Commission granted an exemption to Fidelity Investments Canada ULC, allowing for a 77-day extension of the prospectus lapse date for the Fidelity Global Small Cap Opportunities Fund and Fidelity Advantage Ether ETF Fund. This extension aligns the lapse date with that of other funds under the same management, facilitating the consolidation of their prospectuses into a single document. The decision is based on the Securities Act, R.S.O. 1990, c. S.5, specifically subsection 62(5). The extension is intended to simplify investor comparisons and reduce costs associated with prospectus renewal and printing. The funds in question are open-end mutual fund trusts and reporting issuers in Canada, currently distributing securities under a prospectus dated August 25, 2022. The original lapse date was set for August 25, 2023, but with the granted exemption, the new lapse date is November 10, 2023. The decision was made with the understanding that there have been no material changes in the funds’ affairs since the last prospectus filing, and that any future material changes would be disclosed as required by law. The exemption is not expected to affect the accuracy of the information in the current prospectus or to be prejudicial to the public interest.
