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 and 10.4 of National Instrument 81-102 – Investment Funds at this time to shorten the settlement cycle for primary distributions and redemptions of mutual fund securities.

We would also like to acknowledge with appreciation the work of the CCMA in facilitating dialogue among industry and stakeholders in advance of the move to T+1.

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