Securities Law & Instruments

Headnote

Passport System for Exemptive Relief Applications -- exemption from section 2.1(e) of National Instrument 81-101 Mutual Fund Prospectus Disclosure to allow additional time to file final prospectus.

Applicable Legislative Provisions

National Instrument 81-101 Mutual Fund Prospectus Disclosure, s. 2.1(e).

February 24, 2009

Global Prosperata Funds Inc.

Attention: Mr. Glenn Moore

Dear Sirs/Mesdames:

Re:
Global Iman Fund (the Fund)
Exemptive Relief Application under Part 6 of National Instrument 81-101 Mutual Fund Prospectus Disclosure (NI 81-101)
Application No. 2009/0088; SEDAR Project No. 1320633

By letter dated February 20, 2009 (the Application), the Fund applied to the Director of the Ontario Securities Commission (the Director) under section 6.1 of NI 81-101 for relief from the operation of section 2.1(e) of NI 81-101, which prohibits an issuer from filing a 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 Fund's prospectus, subject to the condition that the prospectus be filed no later than March 20, 2009.

Yours very truly,

"Rhonda Goldberg"
Manager, Investment Funds Branch