Section 38 of the Principal Act is amended -

(a) in subsection (5), by inserting ", delete" after "make", and

(b) by substituting the following for subsection (7):

"(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 -

(a) its register of commercial mortgage covered securities business,

(b) its register of public credit covered securities business.".