The Canadian Securities Administrators (CSA) on April 16, 2020 announced that it is adjusting the timeline to implement changes that will harmonize the regulation of syndicated mortgages across Canada. In December 2019, the CSA published an update on its next steps related to syndicated mortgages, including an anticipated timeline and effective date. The CSA now anticipate the amendments will take effect January 1, 2021, subject to requisite approvals. Additional details will be communicated later this year.
For more details please see: https://www.bcsc.bc.ca/News/News_Releases/2020/35_Canadian_securities_administrators_provide_update_on_syndicated_mortgage_regime/
For more information, please call Barbara Hendrickson at BAX Securities Law (647) 403 – 4606.
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