PMAC’s mission statement is “advancing standards”; we are consistently supportive of measures that improve standards for the benefit of investors (the clients of asset managers). PMAC’s member firms believe that privacy legislation needs to be modernized and streamlined in a way that both supports innovation and protects all Canadians. This should include maintaining equivalency with the Personal Information Protection and Electronic Documents Act (PIPEDA) and the amendments proposed in Bill C-11, the Digital Charter Implementation Act (Bill C-11). We applaud Quebec’s goal of updating legislation to ensure that individuals’ privacy is protected, that their data will not be misused, and that companies communicate privacy matters in a simple and straightforward manner.
The submission can be read in full here