The Ontario Securities Commission granted an extension to the lapse dates for the prospectuses of certain mutual funds managed by FT Portfolios Canada Co. The decision allows the First Trust JFL Fixed Income Core Plus ETF and First Trust JFL Global Equity ETF to extend their prospectus lapse dates to April 14, 2022, and the First Trust Indxx Innovative Transaction & Process ETF to April 15, 2022.
This relief was sought to enable the consolidation of prospectuses for cost efficiency and to streamline investor information. The funds involved are exchange-traded funds established in Ontario and are reporting issuers in multiple Canadian jurisdictions. The decision was made under subsection 62(5) of the Securities Act (Ontario), which allows for such extensions.
The Filer confirmed that there have been no material changes in the affairs of the funds since the dates of their current prospectuses, ensuring that the information provided to investors remains accurate and up to date. The relief was granted on the condition that it would not compromise the public interest or the accuracy of the information in the prospectuses.