Regulatory Alerts2020-10-01
Erratum: CSA Notice of Publication of Amendments Regarding Syndicated Mortgage Loans
The Canadian Securities Administrators (CSA) issued an erratum to correct a factual error in their August 6, 2020 notice regarding amendments to prospectus and registration exemptions for syndicated mortgage loans. The correction clarifies that the Autorité des marchés financiers (AMF) adopted its local mortgage brokerage regulatory framework on May 1, 2020, rather than currently developing it, which affects the rationale for maintaining registration exemptions in Quebec. The final amendments, effective March 1, 2021, eliminate certain exemptions in several jurisdictions and impose additional disclosure requirements to enhance investor protection.
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