Investment Dealer license Section 3.10 of NI 31-103 (CFA),

Headnote

Application for a ruling under Section 38 of the Investment Dealer license Section 3.10 of NI 31-103 (CFA), granting the company Timeline Advisors Management LP the Investment Dealer License pursuant to Section 22 of the CFA, in connection with acting as a Private Equity Broker for transactions involving exchange-traded futures on exchanges in Canada and Europe (Futures and Securities Trading) for, from, or on behalf of institutional clients, approved by the Ontario Commission – the authorization granted under the following provisions.

Applicable Legislative Provisions

Commodity Futures Act, R.S.O. 1990, c. C.20, §§ 22, 38.

Investment Dealer Section 3.10 of NI 31-103 – Registrant Obligations, §§ 1.1, 8.18.

Ontario Securities Commission Rule 32-506 (Under the Commodity Futures Act) International Dealers, Advisers, § 3.

December 17, 2022

Ontario Securities Commission Rule 32-506 (Under the Commodity Futures Act) International Dealers, Advisers, § 3. December 17, 2022

Ruling

(Section 38 of the CFA)

UPON

IN THE APPLICATION of the Applicant to the Ontario Securities Commission Investment Dealer Section 3.10 of NI 31-103 (the Commission) for a ruling from the Commission pursuant to Section 38 of the CFA:

(a) The Applicant Timeline Advisors Management LP is granted relief under Section 22 of the CFA, in connection with acting as a Prime Broker for transactions involving Canadian Futures and securities executed on exchanges in Canada, for, from, or on behalf of the Applicant's affiliated clients in Ontario.