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PMAC responded to the AMF Issues and Discussion Paper on account transfers in the financial sector. Our key recommendations were: Implement cross-sector timelines for standard account transfers but allow flexibility for complex transactions; Harmonize requirements and exceptions between the CSA, CIRO and other regulators; Pursue...
PMAC responded to the CIRO consultation regarding Modernization of requirements for account transfers and bulk account movements. Our key recommendations were: Implement timelines for standard account transfers but allow flexibility for complex transactions; Harmonize requirements and exceptions between CIRO, the CSA and other regulators; Pursue...
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...
