Business Context and Reporting Period
This Form 6-K filing by The Bank of Nova Scotia (Scotiabank) and Scotiabank Covered Bond Guarantor Limited Partnership covers the month of February 2016. The report relates to the Registrants' U.S.$25,000,000,000 global covered bond program registered under the National Housing Act (Canada) and the Canadian Registered Covered Bond Programs Guide.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report is a procedural filing regarding legal documentation updates rather than a financial performance report.
Material Changes
The primary material change involves the amendment of two key legal agreements dated February 3, 2016:
- Second Amended and Restated Trust Deed Amendment: Amends the trust deed originally dated December 4, 2014.
- Guarantor Agreement Amendment: Amends the guarantor agreement originally dated July 19, 2013.
These amendments were executed to provide program updates for the covered bond program.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. The document strictly details the incorporation of the amending agreements by reference into the Registrants' Form F-3 registration statement.
Investor Verification Checklist
- Verify the specific terms of the "Second A&R Trust Deed Amendment" (Exhibit 4.1) to understand the program updates.
- Review the "Guarantor Agreement Amendment" (Exhibit 4.2) for changes to the guarantor obligations.
- Confirm the continued registration status of the program with Canada Mortgage and Housing Corporation (CMHC).