Canadian securities administrators provide update on syndicated mortgage regime

TORONTO, April 16, 2020 /CNW/ - In light of COVID-19, the Canadian Securities Administrators (CSA) 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. 

The CSA, the council of the securities regulators of Canada's provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.

For Investor inquiries, please refer to your respective securities regulator. You can contact them here. 

For media inquiries, please refer to the list of provincial and territorial representatives below or contact us at [email protected].

SOURCE Canadian Securities Administrators

Kristen Rose, Ontario Securities Commission, 416-593-2336; Sylvain Théberge, Autorité des marchés financiers, 514-940-2176; Brian Kladko, British Columbia Securities Commission, 604-899-6713; Sara Wilson, Financial and Consumer Services Commission, New Brunswick, 506-643-7045; Renée Dyer , Office of the Superintendent of Securities, Newfoundland and Labrador, 709-729-4909; Jeff Mason, Nunavut Securities Office, 867-975-6591; Shannon McMillan, Financial and Consumer Affairs Authority of Saskatchewan, 306-798-4160; Hilary McMeekin, Alberta Securities Commission, 403-592-8186; Jason (Jay) Booth, Manitoba Securities Commission, 204-945-1660; Steve Dowling, Office of the Superintendent of Securities, Prince Edward Island, 902 368-4550; David Harrison, Nova Scotia Securities Commission, 902-424-8586; Rhonda Horte, Office of the Yukon Superintendent of Securities, 867-667-5466; Tom Hall, Office of the Superintendent of Securities, Northwest Territories, 867-767-9260 ext. 82180