The Portfolio Management Association of Canada (PMAC) wrote the Governments of Ontario and British Columbia to voice our support of their participation in the creation of the Cooperative Capital Markets Regulatory System (the Cooperative System).
PMAC represents over 275 investment management firms registered to do business in Canada as portfolio managers. In addition to this primary registration, most of our members are also registered as investment fund managers and/or exempt market dealers. PMAC’s members encompass both large and small firms managing total assets in excess of $2.7 trillion for private and institutional investors such as pension plans, foundations, endowments and first nations from coast to coast.
PMAC has been a strong supporter and vocal advocate for a national securities regulator since our inception in 1952. We continue to believe that the establishment of a Cooperative System is critical to enhancing investor protection and the global competitiveness of our markets, fostering a strong national economy and managing systemic risk.
The letter to the Government of Ontario can be read here.
The letter to the Government of British Columbia can be read here.