Stay in the know with everything happening at PMAC.
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...
In our September 27, 2024 response to the public consultation on the Competition Act greenwashing provisions, we indicated our support for the Bureau’s goals of reducing greenwashing in the commercial sphere but noted the significant challenges the Competition Act greenwashing provisions represent for the investment...
PMAC responded to the OSC’s consultation into a framework to make long-term assets available to retail investors through investment fund structures. PMAC is supportive of efforts to increase diversification opportunities for retail investors but encouraged the OSC to appropriately balance these opportunities with the significant...
KEY RECOMMENDATIONS: 1. Introduce the Fund Report changes to come into effect concurrently with or subsequent to the TCR Amendments coming into force, with initial reports being provided in 2027 at the earliest Many IFMs will rely on third party service providers to create the...
PMAC wrote to the Canada Revenue Agency regarding the proposed changes to the capital gains inclusion rate. In light of the prorogation of Parliament and the upcoming federal election, there is significant uncertainty regarding the likelihood that the tax bill will be introduced or passed....
