PMAC is supportive of the Ontario Securities Commission’s (OSC) key priorities set out in the SoP, as well as the work plans supporting those goals. Any changes made by the OSC – be they regulatory or technical in nature – should be evidence-based and tested...

PMAC is supportive of fair dispute resolution mechanisms and effective and trusted avenues for the redress of investor losses. As such, PMAC generally agrees with them OBSI’s current approach to loss calculations involving illiquid securities that have been found to be unsuitable for the investor....

PMAC agrees with the policy rationale of the Proposed Rules and welcomes the creation of a process that would increase distributions of disgorged amounts to the investors who have been harmed by sanctionable conduct. PMAC believes the Proposed Rules are a positive development for investors...

PMAC responded to the Competition Bureau’s consultation regarding the new Competition Act greenwashing provisions (Provisions). PMAC commented that, given the rapidly evolving area of responsible investing globally, we would strongly suggest that direct consultation with the CSA, the provincial securities regulatory authorities, and industry participants...

PMAC responded to CIRO’s Proposed Proficiency Model to support CIRO’s decision to maintain high proficiency standards for CIRO-regulated Portfolio and Assistant Portfolio Managers, in alignment with comparable requirements under National Instrument 31-103 Registration Requirements, Exemptions, and Ongoing Registrant Obligations. You can read PMAC’s full submission...

PMAC responded to the Department of Finance’s consultation about proposed amendments to Canada’s Income Tax Act regarding enhanced reporting requirements for trust reporting and the proposed excessive interest and financing expense limitation (EIFEL) rules. PMAC welcomes the additional clarity to the enhanced trust beneficiary reporting...