The British Columbia Securities Commission (BCSC) has published a new policy publication, BCN2019/01: Expiry of BC Instrument 32-517 Exemption from Dealer Registration Requirement for Trades in Securities of Mortgage Investment Entities and registration requirements for persons relying on BCI 32-517 (BCN2019/01).
BCN2019/01 addresses the expiry of the dealer registration exemption in section 8 of BC Instrument 32-517 Exemption from Dealer Registration Requirement for Trades in Securities of Mortgage Investment Entities (BCI 32-517), which will occur on February 15, 2019.
The BCSC has published BCN2019/01 in a Frequently Asked Question (FAQ) format and is based on the inquiries BCSC staff has received concerning the forthcoming expiry of BCI 32-517 and the registration requirements for persons trading or intending to trade securities of mortgage investment entities (MIEs) in British Columbia.
BCN2019/01 is available for download from the website of BCSC.
For more information, please call Barbara Hendrickson at BAX Securities Law (416) 601 -1004.
This publication is not intended to constitute legal advice. No one should act on it or refrain from acting on it without consulting with a lawyer. BAX does not warrant or guarantee the accuracy or currency or completeness of the publication. No part of this publication may be reproduced without the prior written permission of BAX Securities Law.