Passport System for Exemptive Relief Applications -- exemption from s, 2.1(e) of National Instrument 81-101 Mutual Funds to allow additional time to file final prospectus.
Applicable Legislative Provisions
National Instrument 81-101 Mutual Fund Prospectus Disclosure, subsection 2.1(e).
February 9, 2009
Global Prosperata Funds Inc.
Attention: Mr. Glenn Moore
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. 2009/0060; SEDAR Project No. 1320633
By letter dated February 9, 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 Partnership's prospectus, subject to the condition that the prospectus be filed no later than February 24, 2009.
Yours very truly,