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Amendment of section 38 of Principal Act.
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25.— Section 38 of the Principal Act is amended—
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(a) in subsection (5), by inserting “, delete” after “make”, and
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(b) by substituting the following for subsection (7):
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“(7) If a designated mortgage credit institution is also a designated commercial mortgage credit institution or a designated public credit institution, the institution is required to keep its register of mortgage covered securities business separate from, as applicable—
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(a) its register of commercial mortgage covered securities business,
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(b) its register of public credit covered securities business.”.
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