Order: In the Matter of Polo Digital Assets, Ltd.

Order
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IN THE MATTER OF
POLO DIGITAL ASSETS, LTD.

Adjudicator:  M. Cecilia Williams

File No. 2021-17

May 3, 2022

ORDER

WHEREAS on May 3, 2022, the Capital Markets Tribunal held a hearing by teleconference to consider a request from Staff of the Ontario Securities Commission (Staff) to hold a combined merits and sanctions and costs hearing in this proceeding in writing, and related relief;

ON HEARING the submissions of the representativefor Staff, no one appearing on behalf of the respondent, although properly served;

IT IS ORDERED THAT:

  1. pursuant to Rule 3 and Subrule 35(1) of the Capital Markets Tribunal Rules of Procedure and Forms (the Rules), the merits and sanctions and costs hearings against the respondent shall be combined;
  2. pursuant to Subrule 23(3) of the Rules, the enforcement proceeding against the respondent shall be conducted as a written hearing;
  3. pursuant to Subrule 21(3) of the Rules and section 7 of the Statutory Powers Procedure Act, RSO 1990, c S.22, the respondent is not entitled to any further notice in this proceeding;
  4. Staff shall file its hearing brief and written submissions by 4:30 p.m. on
    June 10, 2022;
  5. the respondent is deemed to have waived its intention to call evidence or file submissions on either the merits or sanctions in this proceeding; and
  6. the merits hearing dates in this proceeding previously scheduled for May 19, 25, 26, 27 and 30, and June 2 and 3, 2022, are vacated.

 

“M. Cecilia Williams”
M. Cecilia Williams