OSC Bulletin
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The Ontario Securities Commission OSC Bulletin November 27, 2014 Volume 37, Issue 48 (2014), 37 OSCB The Ontario Securities Commission administers the Securities Act of Ontario (R.S.O. 1990, c. S.5) and the Commodity Futures Act of Ontario (R.S.O. 1990, c. C.20) The Ontario Securities Commission Published under the authority of the Commission by: Cadillac Fairview Tower Carswell, a Thomson Reuters business 22nd Floor, Box 55 One Corporate Plaza 20 Queen Street West 2075 Kennedy Road Toronto, Ontario Toronto, Ontario M5H 3S8 M1T 3V4 416-593-8314 or Toll Free 1-877-785-1555 416-609-3800 or 1-800-387-5164 Contact Centre - Inquiries, Complaints: Fax: 416-593-8122 TTY: 1-866-827-1295 Office of the Secretary: Fax: 416-593-2318 The OSC Bulletin is published weekly by Carswell, a Thomson Reuters business, under the authority of the Ontario Securities Commission. Subscriptions are available from Carswell at the price of $773 per year. Subscription prices include first class postage to Canadian addresses. Outside Canada, these airmail postage charges apply on a current subscription: U.S. $175 Outside North America $400 Single issues of the printed Bulletin are available at $20 per copy as long as supplies are available. Carswell also offers every issue of the Bulletin, from 1994 onwards, fully searchable on SecuritiesSource™, Canada’s pre-eminent web-based securities resource. SecuritiesSource™ also features comprehensive securities legislation, expert analysis, precedents and a weekly Newsletter. For more information on SecuritiesSource™, as well as ordering information, please go to: http://www.westlawecarswell.com/SecuritiesSource/News/default.htm or call Carswell Customer Relations at 1-800-387-5164 (416-609-3800 Toronto & Outside of Canada). Claims from bona fide subscribers for missing issues will be honoured by Carswell up to one month from publication date. Space is available in the Ontario Securities Commission Bulletin for advertisements. The publisher will accept advertising aimed at the securities industry or financial community in Canada. Advertisements are limited to tombstone announcements and professional business card announcements by members of, and suppliers to, the financial services industry. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without the prior written permission of the publisher. The publisher is not engaged in rendering legal, accounting or other professional advice. If legal advice or other expert assistance is required, the services of a competent professional should be sought. © Copyright 2014 Ontario Securities Commission ISSN 0226-9325 Except Chapter 7 ©CDS INC. One Corporate Plaza Customer Relations 2075 Kennedy Road Toronto 1-416-609-3800 Toronto, Ontario Elsewhere in Canada/U.S. 1-800-387-5164 M1T 3V4 Fax 1-416-298-5082 www.carswell.com Email www.carswell.com/email Table of Contents Chapter 1 Notices / News Releases .................... 10337 2.2 Orders ......................................................... 10467 1.1 Notices ........................................................ 10337 2.2.1 Bigfoot Recreation & Ski Area Ltd. 1.1.1 The Investment Funds Practitioner – and Ronald Stephen McHaffie November 2014 ............................................ 10337 – ss. 127(1), 127(10) ................................... 10467 1.1.2 Ontario Securities Commission, 2.2.2 Pro-Financial Asset Management Inc. ......... 10468 Investment Funds and Structured 2.2.3 TG Residential Value Properties Ltd. Products Branch – – ss. 127(7), 127(8)..................................... 10476 IFRS Release No. 2 ..................................... 10341 2.2.4 TMX Group Limited et al. – s. 147 ............... 10477 1.2 Notices of Hearing ......................................... (nil) 2.3 Rulings ............................................................ (nil) 1.3 News Releases .............................................. (nil) 1.4 Notices from the Office Chapter 3 Reasons: Decisions, Orders and of the Secretary .......................................... 10343 Rulings .................................................... (nil) 1.4.1 Bigfoot Recreation & Ski Area Ltd. 3.1 OSC Decisions, Orders and Rulings ............ (nil) and Ronald Stephen McHaffie ...................... 10343 3.2 Court Decisions, Order and Rulings ............ (nil) 1.4.2 Pro-Financial Asset Management Inc. .......... 10343 1.4.3 TG Residential Value Properties Ltd. ........... 10344 Chapter 4 Cease Trading Orders ........................ 10479 4.1.1 Temporary, Permanent & Rescinding Chapter 2 Decisions, Orders and Rulings .......... 10345 Issuer Cease Trading Orders ....................... 10479 2.1 Decisions .................................................... 10345 4.2.1 Temporary, Permanent & Rescinding 2.1.1 Next Edge Capital Corp. et al. ...................... 10345 Management Cease Trading Orders ........... 10479 2.1.2 Franklin Templeton Investments 4.2.2 Outstanding Management & Insider Corp. et al. .................................................... 10351 Cease Trading Orders ................................. 10479 2.1.3 Nexans S.A. ................................................. 10356 2.1.4 American Bonanza Gold Corp. ..................... 10362 Chapter 5 Rules and Policies .............................. 10481 2.1.5 TransCanada PipeLines Limited 5.1.1 Notice of Amendments to OSC Rule and TransCanada Trust ............................... 10364 45-501 Ontario Prospectus and 2.1.6 1832 Asset Management L.P. ...................... 10368 Registration Exemptions .............................. 10481 2.1.7 Aegon Fund Management Inc. ..................... 10372 2.1.8 AlphaPro Management Inc. .......................... 10376 Chapter 6 Request for Comments ...................... 10483 2.1.9 Blackrock Asset Management 6.1.1 Proposed NI 24-102 Clearing Agency Canada Limited ............................................ 10380 Requirements and Related Companion 2.1.10 BMO Asset Management Inc. ....................... 10384 Policy 24-102CP .......................................... 10483 2.1.11 BMO Harris Investment Management 6.1.2 Proposed Amendments to NI 45-106 Inc. .............................................................. 10388 Prospectus and Registration Exemptions, 2.1.12 BMO Investments Inc. .................................. 10392 NI 41-101 General Prospectus 2.1.13 CIBC Asset Management Inc. ...................... 10396 Requirements, NI 44-101 Short Form 2.1.14 Canadian Imperial Bank of Commerce ......... 10400 Prospectus Distributions and NI 45-102 2.1.15 Fidelity Investments Canada ULC ................ 10404 Resale Restrictions and Proposed 2.1.16 Franklin Templeton Investments Corp. ......... 10408 Repeal of NI 45-101 Rights Offering ............ 10572 2.1.17 Horizons ETFs Management (Canada) Inc. ................................................ 10412 Chapter 7 Insider Reporting ................................ 10573 2.1.18 Invesco Canada Ltd. .................................... 10416 2.1.19 Mackenzie Financial Corporation ................. 10420 Chapter 8 Notice of Exempt Financings............. 10655 2.1.20 Manulife Asset Management Limited ........... 10424 Reports of Trades Submitted on 2.1.21 MD Physician Services Inc. .......................... 10428 Forms 45-106F1 and 45-501F1 ............ 10655 2.1.22 RBC Global Asset Management Inc. ............ 10432 2.1.23 Sentry Investments Inc. ................................ 10436 Chapter 9 Legislation ............................................... (nil) 2.1.24 TD Asset Management Inc. .......................... 10440 2.1.25 Vanguard Investments Canada Inc. ............. 10444 Chapter 11 IPOs, New Issues and Secondary 2.1.26 ATB Investment Management Inc. Financings ........................................... 10657 et al. ............................................................ 10448 2.1.27 I.G. Investment Management, Ltd. ............... 10452 Chapter 12 Registrations ....................................... 10665 2.1.28 Desjardins Investments Inc. et al. ................. 10456 12.1.1 Registrants ................................................... 10665 2.1.29 ITG Canada Corp. ....................................... 10462 November 27, 2014 (2014), 37 OSCB Table of Contents Chapter 13 SROs, Marketplaces, Clearing Agencies and Trade Repositories ................................. (nil) 13.1 SROs............................................................... (nil) 13.2 Marketplaces .................................................. (nil) 13.3 Clearing Agencies ......................................... (nil) 13.4 Trade Repositories ........................................ (nil) Chapter 25 Other Information ................................ 10667 25.1 Permissions 25.1.1 Anglo Pacific Group PLC – s. 38(3) .............. 10667 Index .......................................................................... 10669 November 27, 2014 (2014), 37 OSCB Chapter 1 Notices / News Releases 1.1 Notices 1.1.1 The Investment Funds Practitioner – November 2014 OSC THE INVESTMENT FUNDS PRACTITIONER From the Investment Funds and Structured Products Branch, Ontario Securities Commission What is the Investment Funds Practitioner? The Practitioner is an overview of recent issues arising from applications for exemptive relief, prospectuses, and continuous disclosure documents that investment funds file with the OSC. It is intended to assist