Business & Data
OSC grants BMO exchange-traded funds relief from concentration limit for autocallable derivatives
The Ontario Securities Commission approved an exemption under National Policy 11-203 allowing exchange-traded mutual funds to invest in autocallable derivatives beyond the restriction in subsection 2.1(1) of NI 81-102.
The Ontario Securities Commission granted BMO Asset Management Inc. and related parties an exemption from the concentration restriction in subsection 2.1(1) of National Instrument 81-102, permitting exchange-traded mutual funds to invest in autocallable derivatives, according to an order published Oct. 22.1
The decision was issued under National Policy 11-203, the process for exemptive relief applications in multiple jurisdictions, the commission said.1
AI-assisted reporting under human editorial direction. Our editorial approach.
Sources
- BMO Asset Management Inc. et al. · Ontario Securities Commission - Orders, rulings and decisions
Comments
No comments yet.