CAPL comments on the criminal rate of interest.

BC MICS under the New Mortgage Services Act: MIC Exemptions Under BC’s Mortgage Services Act vs. BC Securities Act

Mortgage Investment Corporations (MICs) in British Columbia operate at the intersection of two regulatory regimes: the new Mortgage Services Act (MSA) for mortgage brokering/lending, and the BC Securities Act for investment activities. Below is a comparative analysis of how exemptions under each framework apply to MICs, highlighting overlaps, differences, and recent changes. The core point is that MICs generally must comply with both regimes – there are limited exemptions to completely exclude them from either – so understanding both sets of rules is crucial.

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