The Portfolio Management Association of Canada (PMAC) appreciates the opportunity to comment on the 2021 budget, with a focus on the recommendations of the Capital Markets Modernization Taskforce (Taskforce). We urge Ontario to continue to support the Cooperative Capital Markets Regulatory System, and in the meantime, to prioritize working with other Canadian Securities Administrators (CSA) to harmonize legislation, resulting in more efficient, effective and streamlined regulation for all stakeholders and our capital markets.

The submission can be read in full here