Submissions to Government

Follow-Up Submission on CSA Proposed Amendments to NI 31-103 – Dispute Resolution Service (OBSI)

On behalf of the Members of The Portfolio Management Association of Canada (“PMAC”), we are writing to follow-up on the status of Proposed Amendments to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (“NI 31-103”) and to Companion Policy 31-103 regarding the proposal that would require all registered dealers and advisers outside of Québec to utilize the Ombudsman for Banking Services and Investments (OBSI) as a service provider in respect of their dispute resolution or mediation services obligations under section 13.16 [dispute resolution service] of NI 31-103 (the “OBSI Proposal”).

The purpose of this letter is to update you on some recent developments that have occurred since our submission dated February 15, 2013 (the “February Submission”) that we believe should be taken into consideration as you continue to contemplate the OBSI Proposal.

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