TD Global Carbon Credit Index ETF
National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions – relief from requirement in subsection 2.3(1.1) of NI 41-101 that an investment fund file a final long form prospectus within 90 days of the date of the receipt for the preliminary prospectus relating to the same offering. Filer granted an additional 84 days to file final prospectus in order to obtain additional internal approvals prior to launch relating to issues raised during the prospectus review. Fund will not be pre-marketed prior to launch. Relief to be evidenced by final prospectus receipt.
Applicable Legislative Provisions
National Instrument 41-101 General Prospectus Requirements, s. 2.3(1.1) and 19.1.
June 9, 2022
Fasken Martineau DuMoulin LLP
Attention: Garth J. Foster
Re: TD Global Carbon Credit Index ETF (the Fund)
Preliminary long form prospectus and ETF Facts dated March 10, 2022
Exemptive Relief Application under Part 19 of National Instrument 41-101 General Prospectus Requirements (NI 41-101)
Application No. 2022/0272; SEDAR Project No. 3349388
By letter dated May 26, 2022 (the Application), TD Asset Management Inc., the investment fund manager of the Fund, applied to the Director of the Ontario Securities Commission (the Director) under section 19.2 of NI 41-101 for relief from the operation of subsection 2.3(1.1) of NI 41-101, which prohibits an issuer from filing a final prospectus more than 90 days after the date of the receipt for the preliminary prospectus.
This letter confirms that, based on the information and representations made in the Application, and for the purposes described in the Application, the Director intends to grant the requested exemption to be evidenced by the issuance of a receipt for the Pool’s prospectus, subject to the condition that the prospectus be filed no later than August 31, 2022.
Yours very truly,
Manager, Investment Funds and Structured Products Branch
Ontario Securities Commission
Application File #: 2022/0272
SEDAR Project #: 3349388