Change to Companion Policy 21-101CP Marketplace Operation

CHANGE TO
COMPANION POLICY 21-101CP MARKETPLACE OPERATION

1.             Companion Policy 21-101CP Marketplace Operation is changed by this Document.

2.             Subsection 10.1(6) is replaced with the following:

(6)           An “investment grade corporate debt security” is a corporate debt security that has a credit rating from a designated rating organization listed below, from a DRO affiliate of an organization listed below, from a designated rating organization that is a successor credit rating organization of an organization listed below or from a DRO affiliate of such successor credit rating organization, that is at or above one of the following corresponding rating categories or that is at or above a category that replaces one of the following corresponding rating categories:

 

Designated Rating Organization	Long Term Debt	Short Term Debt
DBRS Limited	BBB	R-2
Fitch Ratings, Inc.	BBB	F3
Moody’s Canada Inc.	Baa	Prime-3
S&P Global Ratings Canada	BBB	A-3

 

In this subsection,

“designated rating organization” has the same meaning as in National Instrument 44-101 Short Form Prospectus Distributions;

“DRO affiliate” has the same meaning as in National Instrument 25-101 Designated Rating Organizations; and

“successor credit rating organization” has the same meaning as in National Instrument 44-101 Short Form Prospectus Distributions..

3.             This change becomes effective on June 12, 2018.