We seek to work with regulators and policymakers to address behaviour and actions that undermine the efficiency, fairness and stability of our markets. Together, we believe we can find effective solutions that reduce the burden for our members.
Submissions are currently only available in the language they were originally published in.
PMAC Submission – CSA consultation on oversight framework and binding authority for OBSI PMAC responded to the CSA’s revised proposal to provide binding authority to OBSI, and to develop an oversight framework for OBSI. We supported the changes made to the binding decision-making framework, including...
PMAC responded to the Ontario Securities Commission consultation regarding short selling in connection with prospectus offerings and private placements. We strongly believe that there is a risk that over-regulation of short selling activity could have negative consequences for market efficiency, because such restrictions can impede...
PMAC wrote to the Minister of Finance and National Revenue proving proposed amendments to the Amend the Income Tax Act (ITA. Including: Amend the Income Tax Act (ITA) to allow pooled investment funds to merge on a tax-deferred basis and to invest internationally without restriction...
PMAC wrote to the Minister of Finance, François-Philippe Champagne, to urge the government to focus on proposed United States legislation, H.R. 1 – One Big Beautiful Bill Act, section 899 in particular. This bill would substantially increase taxes payable by Canadian individuals and businesses investing...
PMAC recently submitted a letter to CSA/ACVM member executives and government stakeholders. The full letter can be found here. The Globe and Mail article covering this topic is available here.
...PMAC responded to the CSA’s consultation on the use of artificial intelligence systems in the capital markets. Our key recommendations are: Maintain a principles-based, risk-based and flexible approach to emerging technologies such as AI, and adapt existing regulations where possible rather than enacting new requirements...
