A broker, Sarah, is working with an investor, Robert, who wishes to enter a syndicated mortgage deal for a construction project in Calgary. Robert is an experienced investor but new to syndicated mortgages. What specific investor disclosure form must Sarah ensure Robert reviews and signs, as required in Ontario (even though the project is in Alberta, if Robert is an Ontario resident)?

Question: A broker, Sarah, is working with an investor, Robert, who wishes to enter a syndicated mortgage deal for a construction project in Calgary. Robert is an experienced investor but new to syndicated mortgages. What specific investor disclosure form must Sarah ensure Robert reviews and signs, as required in Ontario (even though the project is in Alberta, if Robert is an Ontario resident)?

Answer options: ✅ Ontario Form 1.1: 'Reliance on Exemptions and Disclosure for Investors in Mortgage Investments'.

• OSFI Guideline B-20 Disclosure Statement.
• CMHC MLI Select Application Form.
• Standard General Disclosure Statement for Residential Mortgages (Form FSD-1).

Correct answer: Ontario Form 1.1: 'Reliance on Exemptions and Disclosure for Investors in Mortgage Investments'.

Explanation: For non-qualified investors participating in syndicated mortgage investments in Ontario, or where the investor resides in Ontario, Form 1.1, 'Reliance on Exemptions and Disclosure for Investors in Mortgage Investments' (and often Form 1.2 for investor acknowledgement), is mandatory under Ontario Regulation 188/08 to ensure comprehensive disclosure of risks and terms.