PMAC is supportive of the four overarching goals set out in the Statement of Priorities and we are pleased to have the opportunity to provide the following feedback on certain aspects of them.
We have made several recent submissions to the Ontario Securities Commission (OSC) and the Canadian Securities Administrators (CSA) on a range of advocacy issues impacting portfolio managers and their clients, all of which can be found here.
ACKNOWLEDGEMENT OF ACTIONS IN FURTHERANCE OF THE OSC’S PRIORITIES
Before we discuss the priorities for the coming year, we would like to acknowledge with appreciation the work that the OSC and your CSA colleagues did to implement and publish the following:
- The ability to register Client Relationship Manager Advising Representatives through the use of standardized Terms & Conditions;
- The publication of proposed shared CCO Registration Models;
- Updated OSC Service Standards; and
- CFR Implementation Committee and FAQs.
These publications have been helpful by giving members the opportunity to provide feedback in reducing regulatory burden and provided additional flexibility and/or clarity on issues of importance to our members. We believe these measures are tangible actions in furtherance of the OSC’s goals.
The submission can be read in full here