Mutual Reliance Review System for Exemptive Relief Applications - application for mutual fund lapse date extension.

Applicable British Columbia Provisions

Securities Act, R.S.B.C. 1996, c.418, s. 70
Securities Rules, B.C. Reg. 194/97, s. 121, 122, 123 and 124.


IN THE MATTER OF
THE SECURITIES LEGISLATION OF
BRITISH COLUMBIA, ALBERTA, SASKATCHEWAN, MANITOBA,
ONTARIO, QUEBEC, NEW BRUNSWICK, NOVA SCOTIA,
PRINCE EDWARD ISLAND, NEWFOUNDLAND, YUKON TERRITORY,
NORTHWEST TERRITORIES AND NUNAVUT TERRITORY

AND

IN THE MATTER OF
THE MUTUAL RELIANCE REVIEW SYSTEM FOR
EXEMPTIVE RELIEF APPLICATIONS

AND

IN THE MATTER OF

Global Strategy Canada Growth Fund, Global Strategy Canadian Companies Fund,
Global Strategy Canadian Opportunities Fund, Global Strategy Canadian Small Cap Fund,
Global Strategy Gold Plus Fund, Global Strategy Income Plus Fund,
Global Strategy Bond Fund, Global Strategy Money Market Fund,
Global Strategy Europe Plus Fund, Global Strategy U.S. Equity Fund,
Global Strategy World Balanced Fund, Global Strategy World Bond Fund,
Global Strategy World Companies Fund, Global Strategy World Equity Fund,
Global Strategy World Opportunities Fund, Global Strategy Europe Plus RSP Fund,
Global Strategy Japan Plus RSP Fund,
Global Strategy World Balanced RSP Fund (Class A Units only),
Global Strategy World Bond RSP Fund,
Global Strategy World Companies RSP Fund (Class A Units only),
and Global Strategy World Equity RSP Fund
(individually a “Fund” and collectively, the “Funds”)


MRRS DECISION DOCUMENT


WHEREAS the Canadian securities regulatory authority or regulator (the “Decision Maker”) in each of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland, Yukon, Northwest Territories and Nunavut Territory (the “Jurisdictions”) has received a joint application from Global Strategy Financial Inc. (“Global”) in its capacity as manager of the Funds and AGF Management Limited (“AGF”) as the recent acquirer of control of the Global Strategy group of companies, including Global, for a decision pursuant to the securities legislation of the Jurisdictions (the “Legislation”) that the lapse date of the securities offered by each Fund pursuant to the simplified prospectuses and annual information forms dated January 7, 2000 be extended;

AND WHEREAS pursuant to the Mutual Reliance Review System for Exemptive Relief Applications (the “System”), the Ontario Securities Commission is the Principal Jurisdiction for this application;

AND WHEREAS Global and AGF have represented to the Decision Makers that:

1. Each of the Funds is an open-end mutual fund trust established under the laws of Ontario by a declaration of trust or trust agreement;

2. The Funds, other than the Global Strategy World Balanced RSP and Global Strategy World Companies RSP Funds, are qualified for distribution in the Jurisdictions by means of a simplified prospectus and annual information form dated January 7, 2000 (the “January Prospectus”) which was prepared and filed in accordance with the Legislation;

3. The Global Strategy World Balanced RSP Fund, Class A Units, and Global Strategy World Companies RSP Fund, Class A Units, are qualified for distribution in the Jurisdictions by means of a separate simplified prospectus and annual information form dated January 7, 2000 (the “January RSP Prospectus”) which was prepared and filed in accordance with the Legislation;

4. The January Prospectus was amended by an amended simplified prospectus dated July 21, 2000 (the “July Amended Prospectus”);

5. Each Prospectus was amended by Amendment No. 1 dated November 1, 2000 and Amendment No. 2 dated November 20, 2000 (the “November Amendments”);

6. Pursuant to the Legislation, the lapse date for the securities of the Funds:

a. qualified under the January Prospectus is January 10, 2001 in Ontario and New Brunswick, January 12, 2001 in Quebec, and January 7, 2001 in all of the other Jurisdictions; and

b. qualified under the January RSP Prospectus is January 10, 2001 in Ontario, New Brunswick and Quebec, and January 7, 2001 in all other Jurisdictions;