Companion Policy to NI 81-102 Investment Funds
Part 16 Exemptions and Approvals
Section 16.1

Need for Multiple or Separate Applications

The Canadian securities regulatory authorities note that a person or company that obtains an exemption from a provision of the Instrument need not apply again for the same exemption at the time of each prospectus or simplified prospectus refiling unless there has been some change in an important fact relating to the granting of the exemption. This also applies to exemptions from NP39 granted before the Instrument as provided in section19.2of the instrument, it is not necessary to obtain an exemption from the corresponding provision of the instrument.