BCN 2012/05 - Notice of Amended BC Instrument 32-517 Exemption from Dealer Registration Requirement for Trades in Securities of Mortgage Investment Entities [BCN]
| Published Date: | 2012-03-02 |
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Concurrently Published:
The Commission is amending BC Instrument 32-517 Exemption from Dealer Registration Requirement for Trades in Securities of Mortgage Investment Entities
BCI 32-517 provides, for a mortgage investment entity, an exemption from the dealer registration requirement for trades in securities in connection with certain prospectus-exempt distributions under National Instrument 45-106 Prospectus and Registration Exemptions.
BCI 32-517 will expire on March 31, 2012. We are continuing to evaluate how dealer registration requirements apply to mortgage investment entities recognizing the obligations imposed on them by the Mortgage Brokers Act. As a result, we are extending BCI 32-517 until December 31, 2012.
Questions
You may refer questions to:
Mark Wang
Manager, Legal Services, Capital Markets Regulation
British Columbia Securities Commission
(604) 899-6658
(604) 373-6393 (toll free across Canada)
March 2, 2012
Brenda M. Leong
Chair