Regulatory Alerts2020-08-06
CSA Notice of Publication: Amendments relating to Syndicated Mortgages
The Canadian Securities Administrators have finalized amendments to prospectus and registration exemptions governing the distribution of syndicated mortgages across Canada. These changes remove existing exemptions in several jurisdictions, prohibit the private issuer exemption for these products, and impose enhanced disclosure requirements under the offering memorandum exemption. The amendments are scheduled to come into force on March 1, 2021, to harmonize national standards and provide investors with greater protection and informed decision-making capabilities.
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