Regulatory Alerts2021-06-17
Regulation to amend Regulation 45-106 respecting Prospectus Exemptions
The Minister of Finance approved the Autorité des marchés financiers' regulation to amend Regulation 45-106 respecting Prospectus Exemptions to introduce specific rules for syndicated mortgages. The amendments define key terms such as syndicated mortgage, qualified appraiser, and professional association, while establishing independence requirements for appraisals and mandatory disclosure in offering memorandums. The regulation also adds Form 45-106F18 to standardize supplemental disclosure requirements for syndicated mortgage distributions.
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