The Financial Services Regulatory Authority (FSRA) and the Ontario Securities Commission (OSC) are notifying market participants about new timing for the transfer of regulatory oversight of certain syndicated mortgage investments to the OSC.
The change was expected to take place in 2020 to coincide with final amendments to be published by the Canadian Securities Administrators (CSA). This timeline has been adjusted in light of COVID-19, and the new regulatory regime is now expected to be effective January 1, 2021, subject to requisite approvals.
