Submissions archive

December 5, 2023

PMAC Submission – Less Red Tape, More Common Sense Act, 2023

Re: Proposed amendments to the Securities Act, Commodity Futures Act, and the Financial Services Regulatory Authority of Ontario Act, 2016 OVERVIEW The Portfolio Management Association of Canada (PMAC) is pleased to have the opportunity to provide feedback to the Ministry … Continue reading

August 23, 2023

PMAC Submission on Treasury Laws Amendments

Submission to Australian Treasury on Licensing exemptions for foreign financial services providers PMAC made a submission to the Australian Treasury in support of a proposed bill that would amend licensing exemptions for foreign financial services providers (FFSPs). Further to PMAC’s … Continue reading

August 10, 2023

PMAC Summary – CSA/CIRO Staff Notice 31-363 Client Focused Reforms: Review of Registrants’ Conflicts of Interest Practices and Additional Guidance

Findings from the CSA and CIRO (IIROC and MFDA) (collectively, the Regulators) Conflict of Interest sweeps (Staff Notice) were released on August 3, 2023. The Regulators conducted reviews of 172 firms; 50% are registered as portfolio managers (most of these … Continue reading

August 9, 2023

OSC Compliance & Registrant Regulation Branch 2023

Summary Report for Dealers, Advisers and Investment Fund Managers (Staff Notice 33-755) The OSC’s annual Compliance and Registrant Regulation (CRR) branch Summary Report for Dealers, Advisers and Investment Fund Managers (the Report) was published on July 27, 2023. This PMAC … Continue reading

August 2, 2023

PMAC Submission on Department of Finance’s consultation paper on Strengthening Canada’s Anti-Money Laundering and Anti-Terrorist Financing Regime

Overview The Portfolio Management Association of Canada (PMAC), through its Industry, Regulation & Tax Committee, is pleased to have the opportunity to provide the Department of Finance Canada (Finance) with comments on the consultation on Strengthening Canada’s Anti-Money Laundering and … Continue reading

June 9, 2023

2023 PMAC Awards for Excellence in Investment Journalism Winners Announced

Portfolio Management Association of Canada (PMAC) Announces Winners of 2023 PMAC AWARDS FOR EXCELLENCE IN INVESTMENT JOURNALISM TORONTO, ON, June 8, 2023 – The 2023 PMAC Awards for Excellence in Investment Journalism winners once again illuminate the insight and value … Continue reading

October 25, 2021

PMAC Submission – New Brunswick Financial Planner and Financial Advisor Rule

Overview The Portfolio Management Association of Canada1 (PMAC), through its Industry, Regulation & Tax Committee, is pleased to have the opportunity to respond to the Financial and Consumer Services Commission of New Brunswick (FCNB)’s consultation notice – Title Protection 2021 … Continue reading

October 24, 2021

2021 Fall Regulatory & Compliance Webcast

Event Details Date: Thursday, October 21, 2021 Time: 12:00 PM – 4:45 PM ET Location: Virtual Event, EventMobi platform Click here to view the agenda. PMAC has sought accreditation for professionalism hours for this event in Ontario and it may qualify … Continue reading

October 4, 2021

PMAC Comment – CSA Position Paper 25-404 New Self-Regulatory Organization Framework

Background The Portfolio Management Association of Canada (PMAC) is pleased to have the opportunity to provide written feedback to the Canadian Securities Administrators (CSA) on CSA Position Paper 25-404 – New Self-Regulatory Organization Framework (the Position Paper). PMAC represents over … Continue reading

September 29, 2021

PMAC Response to the CFA Institute’s Diversity, Equity and Inclusion Code

OVERVIEW PMAC’s mission statement is “advancing standards”; we are consistently supportive of measures that improve standards for the benefit of investors and individuals alike. Read PMAC’s the full response to the CFA Institute’s Diversity, Equity and Inclusion (DE&I) Code here … Continue reading

September 28, 2021

Compliance Officers Network – September 28, 2021

Meeting Details Date: Tuesday, September 28, 2021 Time: 2:30 PM EDT / 11:30 AM PDT Law Firm Host: Osler, Hoskin & Harcourt LLP Location: Live webcast Meeting Materials Agenda Summary of previous meeting – June 2, 2021 CON Q&A – September 2021 CON CFR … Continue reading

September 7, 2021

PMAC Submission on Ontario Privacy Consultation

OVERVIEW PMAC’s mission statement is “advancing standards”; we are consistently supportive of measures that improve standards for the benefit of investors (the clients of asset managers). PMAC has been supportive of proposals that provide assurances to individuals that their privacy … Continue reading

August 16, 2021

PMAC Submission – IOSCO Consultation Report: Recommendations for Sustainability-Related Practices, Policies, Procedures and Disclosures in Asset Management

Overview The Portfolio Management Association of Canada (PMAC), with the assistance of a member working group consisting of CFAs and ESG experts, is pleased to have the opportunity to submit the following comments regarding the International Organization of Securities Commissions … Continue reading

July 27, 2021

PMAC Comments on Proposed British Columbia Instrument 51-519 Promotional Activity Disclosure Requirements.

Overview PMAC agrees that any form of market manipulation or investor deception must be deterred and appropriately punished. We are generally of the view that regulation should be focused on specific behaviours and desired outcomes. We believe that the Consultation … Continue reading

July 15, 2021

PMAC Submission – Exposure Draft – CFA Institute ESG Disclosure Standards for Investment Products

Overview The Portfolio Management Association of Canada (PMAC), through a working group consisting of CFAs and ESG experts and through its wider Industry, Regulation & Tax Committee, is pleased to have the opportunity to submit the following comments regarding the … Continue reading

July 8, 2021

PMAC Webinar: Conscious Bias & Empathy Training

Event Details Date: Thursday, July 8, 2021 Time: 11:00 AM ET Location: Zoom This program has been accredited for 1 hour of Professionalism Content by the Law Society of Ontario for Equality, Diversity & Inclusion (EDI) Professionalism hours. Event Overview An inclusive … Continue reading

July 5, 2021

PMAC Submission on FSRA Financial Planner and Financial Advisor Rule and Guidance 2021

Overview The Portfolio Management Association of Canada (PMAC), through its Industry, Regulation & Tax Committee, is pleased to have the opportunity to respond to the request for comment from the Financial Services Regulatory Authority of Ontario (FSRA) regarding its updated … Continue reading

June 11, 2021

PMAC Comment on Saskatchewan FCAA Pension Solvency Funding Review

Overview PMAC is supportive of the FCAA’s goal of seeking stakeholder feedback on options to amend the solvency funding framework for single employer private sector pension plans (SEPPPs) under The Pension Benefits Act, 1992 (Act) and the Pension Benefits Regulations, … Continue reading

June 9, 2021

New Member Orientation

Event Details Date: Wednesday, June 9, 2021 Time: 3:00 – 4:00 PM ET Location: Zoom Meeting Cost: Complimentary to Members and Non-members Event Overview Are you or your firm new to PMAC? Would you like to learn more about the … Continue reading

June 7, 2021

2021 PMAC Awards for Excellence in Investment Journalism Winners Announced

Portfolio Management Association of Canada (PMAC) Announces Winners of 2021 AWARDS FOR EXCELLENCE IN INVESTMENT JOURNALISM   TORONTO, ON, June 2, 2021 – On the strength of hard-hitting stories ranging from COVID-19’s singular impact on markets, to moving forward in … Continue reading

May 27, 2021

Tech: Hot Topics & Trends

Event Details Date: Thursday, May 27, 2021 Time: 11:00 AM – 3:15 PM ET Location: Zoom Agenda  Event Booklet PMAC affiliates delivered thought provoking sessions on key trends and developments in technology impacting the industry. Watch the recordings below to … Continue reading

May 18, 2021

PMAC Operation Heads’ Network – HR Focus – Return to Work Presentation

Meeting Details Date: Tuesday, May 18, 2021 Time: 1:00 PM EDT / 10:00 AM PDT Location: Zoom Meeting Guest Speaker Kelly O’Ferrall, Counsel, Employment Lawyer, Osler Hoskin & Harcourt, addressed workplace issues including: return to work, vaccine tracking, updating policies, and … Continue reading

May 18, 2021

2021 Spring Regulatory & Compliance Webcast

Event Details Date: Wednesday, May 12, 2021 Time: 11:00 AM – 4:45 PM ET Location: Virtual Event, EventMobi platform Click here to view the agenda. This event contains three (3) hours of Professionalism Content approved by the Law Society of … Continue reading

May 7, 2021

PMAC Applauds OSC Decision to Ban Deferred Sales Charges on Funds

“We believe that Canadians in every province should be afforded the same opportunities and the same protections” (TORONTO, May 7, 2021) – Portfolio Management Association of Canada (PMAC) applauds the Ontario Securities Commission’s (OSC) decision today to join the other … Continue reading

May 5, 2021

PMAC Submission – CSA on Proposed Amendments to NI 33-109 – modernizing registration information requirements, clarifying outside activity reporting and updating filing deadlines

Background The Portfolio Management Association of Canada (PMAC) is pleased to have the opportunity to respond to CSA Notice and Request for Comment on Proposed Amendments to National Instrument 33-109 – Registration Information (NI 33-109) and Changes to Companion Policy … Continue reading

April 20, 2021

Home but Not Alone – Navigating Compliance Obligations & Practical Solutions to Oversight of Work From Home Arrangements

Event Details Date: Tuesday, April 20, 2021 Time: 11:00 AM  ET Location: Zoom Meeting Event Overview Given the move to more permanent or hybrid work from home (WFH) arrangements, what form of oversight or supervision makes sense in the evolving virtual … Continue reading

April 15, 2021

Compliance Officers’ Network – April 14 2021

Meeting Details Date: Wednesday, April 14, 2021 Time: 2:30 PM EDT / 11:30 AM PDT Law Firm Host: McMillan LLP Location: Zoom Meeting Meeting Materials Agenda Summary of the Previous Meeting – February 9, 2021 Presentation Slide Deck Member Q&A Survey Live … Continue reading

April 1, 2021

National Securities Regulator is Critical to Canada’s Post-Pandemic Economic Revival

Portfolio Management Association of Canada (PMAC) is extremely disappointed by pause in national securities regulatory project (TORONTO, April 1, 2021) – PMAC is expressing disappointment at the announcement today by the Capital Markets Authority Implementation Organization (CMAIO) to pause its operations. … Continue reading

March 31, 2021

PMAC Lawyers’ Network: Strategies to Maintain Engagement, Focus & Improve Lawyers’ Mental Health in the Virtual Workplace

Event Details Date: Wednesday, March 31, 2021 Time: 1:00 PM ET / 10:00 AM PT Location: Zoom Meeting The program was accredited for 1 hour of Professionalism Content by the Law Society of Ontario. PMAC has applied to have the event accredited … Continue reading

March 18, 2021

PMAC Submission – CSA Consultation Paper 25-403 – Activist Short Selling

OVERVIEW PMAC generally favours principles-based regulation that recognizes differences in business models, sizes, and client types. We support the CSA’s decision to consult with stakeholders on the important issues raised in the Consultation. Given the fast pace of change in … Continue reading

March 17, 2021

PMAC Webinar – Parenting, Managing Stress and Anxiety During a Pandemic

Event Details Date: Wednesday, March 17, 2021 Time: 2:00 PM ET / 11:00 AM PT Location: Zoom Webinar Event Overview PMAC was delighted to present a wellness oriented session to support members in coping with the current work from home challenges. … Continue reading

March 12, 2021

PMAC Comment on Bill C-11, Digital Charter Implementation Act 2020

OVERVIEW PMAC’s mission statement is “advancing standards”; we are consistently supportive of measures that improve standards for the benefit of investors (the clients of asset managers). Portfolio managers have a fiduciary duty to act with care, honestly and in good … Continue reading

March 1, 2021

PMAC submission on the OSC Exemptive relief for international firms under CFA and Securities Act

Re: OSC Notice and Request for Comment – Proposed OSC Rule 32-506 (Under the Commodity Futures Act) Exemptions for International Dealers, Advisers and Sub-Advisers and Proposed amendment to OSC Rule 91-502 Trades in Recognized Options under the Securities Act The … Continue reading

February 23, 2021

PMAC Submission on the Ontario 2021 Budget Consultations

The Portfolio Management Association of Canada (PMAC) appreciates the opportunity to comment on the 2021 budget, with a focus on the recommendations of the Capital Markets Modernization Taskforce (Taskforce). We urge Ontario to continue to support the Cooperative Capital Markets … Continue reading

February 9, 2021

Compliance Officers’ Network – February 9 2021

Meeting Details Date: Tuesday, February 9, 2021 Time: 2:30 PM EDT / 11:30 AM PDT Law Firm Host: Fasken Martineau DuMoulin LLP Location: Zoom Meeting Meeting Materials Agenda Summary of the Previous Meeting – December 2, 2020 Member Q&A Survey CSA Notice … Continue reading

February 9, 2021

Client Focused Reforms – Back to Basics for Small to Mid-sized firms

Event Details Date: Tuesday, February 9, 2021 Time: 1:00 PM – 2:00 PM ET / 10:00 AM – 11:00 AM PT Location: Zoom Webinar Event Overview This session included a checklist of obligations and compliance deadlines for the new requirements, such … Continue reading

February 4, 2021

Succession Planning and How to “Keep the Ship” in Order

Event Details Date: Thursday, February 4, 2021 Time: 1:30 PM ET / 10:30 AM PT Location: Zoom Webinar Event Overview While many portfolio management firms know that succession planning is important from a client, regulatory and business continuity perspective, few have … Continue reading

January 25, 2021

PMAC Commends the CMMT’s Final Report: Association points to clear priority on strengthened governance and reduction of regulatory burden

On Friday, January 22, the Ontario Capital Markets Modernization Taskforce (Taskforce) released its Final Report with 74 recommendations to strengthen and modernize Ontario’s Capital markets regulatory framework. PMAC is pleased to see that the Taskforce has been responsive to stakeholder … Continue reading

January 14, 2021

PMAC Submission on Federally Regulated Private Pension Plans

Re: Strengthening Canadians’ Retirement Security – Proposals to Support the Sustainability of and Strengthen the Framework for Federally Regulated Private Pension Plans OVERVIEW The Portfolio Management Association of Canada (PMAC), through its pensions advocacy committee, is pleased to have the … Continue reading

December 16, 2020

PMAC Submission on OSC Statement of Priorities for Financial Year to End 2022

OVERVIEW PMAC is supportive of the four overarching goals set out in the Statement of Priorities and we are pleased to have the opportunity to provide the following feedback on certain aspects of them. We have made several recent submissions … Continue reading

December 15, 2020

Anti-Money Laundering (AML) Training Camp – December 9 2020

Event Details Date: Wednesday, December 9, 2020 Time: 2:00 PM ET / 11:00 AM PT Location: Zoom Webinar Event Overview PMAC, together with Osler Hoskin & Harcourt LLP and Outlier Compliance Group will host an “AML Training Camp” via Zoom webinar … Continue reading

December 7, 2020

PMAC submission on Quebec Bill 64

OVERVIEW PMAC’s mission statement is “advancing standards”; we are consistently supportive of measures that improve standards for the benefit of investors (the clients of asset managers). PMAC’s member firms believe that privacy legislation needs to be modernized and streamlined in … Continue reading

December 3, 2020

Compliance Officers’ Network – December 2 2020

Meeting Details Date: Wednesday, December 2, 2020 Time: 2:30 PM EDT / 11:30 AM PDT Law Firm Host: McCarthy Tétrault LLP Location: Zoom Meeting Meeting Materials Agenda Summary of the Previous Meeting – September 16, 2020 Member Q&A Survey Follow-up Responses Alberta … Continue reading

November 17, 2020

PMAC 2020 National Conference – November 17 2020

Event Details Date: Tuesday, November 17, 2020 Time: 12:30 PM – 4:45 PM ET / 9:30 AM – 1:45 PM PT Location: Virtual Event Platform (EventMobi) Click here to view the event agenda! Presentations 1. Early Post-Pandemic Considerations for Financial Markets with Stephen … Continue reading

November 13, 2020

PMAC Submission to FSRA on FP/FA title regulation

Background The Portfolio Management Association of Canada (“PMAC”), through its Industry, Regulation & Tax Committee, is pleased to have the opportunity to respond to the request for comment from the Financial Services Regulatory Authority of Ontario (FSRA) on Proposed Rule … Continue reading

October 23, 2020

PMAC Submission on CSA Consultation Paper 25-402 Consultation on the Self-Regulatory Organization Framework

Background The Portfolio Management Association of Canada (PMAC) is pleased to have the opportunity to provide written feedback to the Canadian Securities Administrators (CSA) on CSA Consultation Paper 25-402 Consultation on the Self-Regulatory Organization Framework (the Consultation). PMAC represents over … Continue reading

October 21, 2020

Webinaire – La résilience dans un monde virtuel – 20 octobre

Détails de l’événement La date: mardi, 20 octobre, 2020 Heure: 14h00 – 15h00 (heure de l’Est) Aperçu de l’événement  La pandémie de COVID-19 a indéniablement changé notre milieu de travail. Comment faire face au nouveau stress, accepter les changements et s’adapter à … Continue reading

October 20, 2020

PMAC Submission on CFA Institute ESG Standards Consultation

OVERVIEW The Portfolio Management Association of Canada (PMAC), through a working group consisting of CFAs and ESG experts and through its wider Industry, Regulation & Tax Committee, is pleased to have the opportunity to submit the following comments regarding the … Continue reading

September 30, 2020

Fall Regulatory & Compliance Webcast – September 24

Event Details Date: Thursday, September 24, 2020 Time: 1:00 PM – 4:45 PM ET / 10:00 AM – 1:45 PM PT Location: Virtual Event Platform (EventMobi Hear from industry leaders, senior members and experts during this half-day webinar covering timely sessions … Continue reading

September 22, 2020

PMAC Submission on Shared CCO Models

Overview The Portfolio Management Association of Canada (PMAC), through its Industry, Regulation & Tax Committee, is pleased to have the opportunity to submit the following comments regarding CSA Staff Notice 31-358 – Guidance on Registration Requirements for Chief Compliance Officers … Continue reading