CIBC Asset Management Inc. and CIBC Multi-Asset Absolute Return Strategy – NI 41-101 General Prospectus Requirements, Part 19

Order

Headnote

National Policy 11-203 Process for Exemptive Relief Applications in Multiple Jurisdictions – Relief from subsection 2.3(1.1) of National Instrument 41-101 General Prospectus Requirements to file a final prospectus more than 90 days after the date of the receipt for the preliminary prospectus.

Applicable Legislative Provisions

National Instrument 41-101 General Prospectus Requirements, ss. 2.3(1.1), 19.1.

September 13, 2018

CIBC Asset Management Inc.

Attention: Kathryn Fuller

Dear Sirs/Mesdames:

Re:         CIBC Asset Management Inc. (the Filer)

 

Preliminary Long Form Prospectus dated June 15, 2018

 

CIBC Multi-Asset Absolute Return Strategy (the Fund)

 

Exemptive Relief Application under Part 19 of National Instrument 41-101 General Prospectus Requirements (NI 41-101)

 

Application No. 2018/0499              SEDAR Project Number 2786166

By letter dated September 7, 2018 (the Application), the Filer, as manager of the Fund, applied on behalf of the Fund to the Director of the Ontario Securities Commission (the Director) under section 19.1 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 which relates to the final 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 final prospectus, subject to the condition that the final prospectus be filed by no later than October 13, 2018.

Yours very truly,

“Darren McKall”

Manager

Investment Funds and Structured Products Branch

Ontario Securities Commission