AMF discussion paper on account transfers
PMAC responded to the AMF Issues and Discussion Paper on account transfers in the financial sector. Our key recommendations were: Implement cross-sector timelines for standard account transfers but allow flexibility for complex transactions; Harmonize requirements and exceptions between the CSA, CIRO and other regulators; Pursue a technology solution that is cost-effective and acceptable to firms […]
CIRO consultation on account transfers
PMAC responded to the CIRO consultation regarding Modernization of requirements for account transfers and bulk account movements. Our key recommendations were: Implement timelines for standard account transfers but allow flexibility for complex transactions; Harmonize requirements and exceptions between CIRO, the CSA and other regulators; Pursue a technology solution that is cost-effective and acceptable to firms […]