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Issue 68 | March 2021

LIANSWERS

This newsletter includes information to help lawyers reduce the likelihood of being sued for malpractice. The material presented is not intended to establish, report, or create the standard of care for lawyers. The articles do not represent a complete analysis of the topics presented, and readers should conduct their own appropriate legal research.
Nova Scotia Securities Commission Changes in the Regulation of Syndicated Mortgages

If you practice in securities law and real property law, specifically in the area of syndicated mortgages, you should be familiar with recent regulatory changes.

Changes to the regulation of syndicated mortgages in Nova Scotia by the Nova Scotia Securities Commission (the Commission) became effective on March 1, 2021.

The changes are described in the Commission’s Staff Notice 45-718 and Blanket Order No. 45-528.  As a further reference to these changes that will be adopted by the securities regulators across Canada, you can refer to the August 6, 2020 Canadian Securities Administrators’ (CSA) Notice of Amendments.