The Portfolio Management Association of Canada (PMAC) fully supports the recent announcement of the governments of Saskatchewan and New Brunswick regarding their participation in the new cooperative capital markets regulatory system in Canada. PMAC has been a strong supporter and vocal advocate for a common securities regulator for many years. We have advocated that Canada adopt a national securities regulator and get in step globally with the administration of securities regulation. We believe that a common securities regulator is in the best interests of Canadians and are pleased that the Federal Government has prioritized the creation of a national securities regulator and that it has delivered on its promise to make this a reality for Canada.
