Canada:
BCSC Extends MIE Registration Exemption To June 2013
06 December 2012
Stikeman Elliott LLP
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The British Columbia Securities Commission
yesterday announced that it is extending the exemption
from the dealer registration requirement for trades in
securities of mortgage investment entities (MIEs) until June
30, 2013. As
we discussed last year, analogous exemptions
in the other Canadian jurisdictions expired on March 31, 2011
following the release of CSA guidance (CSA Notice
31-323) to clarify the circumstances in which the
investment fund manager registration requirement would apply to
MIEs. For more information, see BC Instrument 32-517.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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