news & events
Submissions to government
March 26th, 2024
PMAC Submission – CIRO Position Paper – Policy options for leveling the advisor compensation playing field
CIRO Position Paper: Policy options for leveling the advisor compensation playing field We recognize CIRO’s objective of harmonizing the rules applicable to Investment Dealers (IDs) and Mutual Fund Dealers (MFDs) in an effort to level the playing field for advisor … Continue reading
February 29th, 2024
PMAC Submission – CSA – Registered Firm Requirements Pertaining to an Independent Dispute Resolution Service
The Portfolio Management Association of Canada (PMAC) is pleased to have the opportunity to submit the following comments on the Canadian Securities Administrators’ (CSA) Notice and Request for Comment – Registered Firm Requirements Pertaining to an Independent Dispute Resolution Service … Continue reading
December 20th, 2023
PMAC Submission – CIRO Rule Consolidation Project – Phase 1
PMAC Submission – CIRO Rule Consolidation Phase 1 PMAC generally supports the objectives of the Consultation and agree that the rules pertaining to Investment Dealers (IDs) and Mutual Fund Dealers (MFDs) should be harmonized to minimize regulatory arbitrage. KEY RECOMMENDATIONS … Continue reading
December 18th, 2023
PMAC Submission – OSC Notice 11-798 – Statement of Priorities
PMAC Submission – OSC Notice 11-798 – Statement of Priorities OSC consultation on its Proposed Statement of Priorities for Fiscal Year 2024-2025 On November 16, 2023, the OSC published for a 30-day comment period its proposed Statement of Priorities … Continue reading
December 7th, 2023
PMAC Submission – Designated Plan Trust
Draft Legislation in respect of “Designated Plan Trusts” Read the full submission here Summary Overview: The proposed draft legislation set out below establishes the new concept of a “designated plan trust”. The proposed amendments closely track the statutory/regulatory language that … Continue reading
December 5th, 2023
PMAC Submission – Less Red Tape, More Common Sense Act, 2023
Re: Proposed amendments to the Securities Act, Commodity Futures Act, and the Financial Services Regulatory Authority of Ontario Act, 2016 OVERVIEW The Portfolio Management Association of Canada (PMAC) is pleased to have the opportunity to provide feedback to the Ministry … Continue reading
October 2nd, 2023
PMAC Submission on Corporate Governance
GENERAL COMMENTS PMAC applauds the Amendments to improve diversity disclosure beyond the representation of women, the proposed changes that provide guidelines related to board nominations and the introduction of guidelines on board renewal and board diversity. Not only will enhanced … Continue reading
August 23rd, 2023
PMAC Submission on Treasury Laws Amendments
Submission to Australian Treasury on Licensing exemptions for foreign financial services providers PMAC made a submission to the Australian Treasury in support of a proposed bill that would amend licensing exemptions for foreign financial services providers (FFSPs). Further to PMAC’s … Continue reading
August 2nd, 2023
PMAC Submission on Department of Finance’s consultation paper on Strengthening Canada’s Anti-Money Laundering and Anti-Terrorist Financing Regime
Overview The Portfolio Management Association of Canada (PMAC), through its Industry, Regulation & Tax Committee, is pleased to have the opportunity to provide the Department of Finance Canada (Finance) with comments on the consultation on Strengthening Canada’s Anti-Money Laundering and … Continue reading
March 16th, 2023
PMAC Submission on CSA Consultation on NI 24-101 – Institutional Trade Matching and Settlement
General Comments PMAC supports the work of the CSA to facilitate the move to a T+1 settlement cycle for equity and long-term debt market trades (T+1). PMAC also supports the direction taken by the CSA to not amend sections 9.4 … Continue reading
March 16th, 2023
PMAC Submission on Department of Finance’s consultation paper on amendments to regulations made under the PCMLTFA
Support for the Consultation PMAC is supportive of Finance’s focus on reviewing Canada’s AML laws to ensure that they remain responsive to emerging risks and evolving international standards, including the Financial Action Task Force’s (FATF) standards as well as the … Continue reading
March 8th, 2023
PMAC Submission on Joint CSA and IIROC Staff Notice 23-329 Short Selling in Canada
Key Recommendations Do not make any immediate changes to the regulatory framework with respect to the Canadian short selling regime; and, Continue to conduct research and to consult with stakeholders regarding the frequency and root causes of failed trades and … Continue reading
