The Portfolio Management Association of Canada (“PMAC”), through its Industry, Regulation & Tax Committee, welcomes the opportunity to submit the following comments regarding the proposed amendments to Rule 91-507 Respecting Trade Depositories and Derivatives Data Reporting (the “TR Rule”).
PMAC believes that a derivatives reporting regime in Canada should be founded on set of rules that are fully harmonized across all provinces and territories. We commend the AMF and other securities regulators for the harmonization efforts that have already taken place to date in this area.