PMAC is supportive of the Ontario Securities Commission’s (OSC) key priorities set out in the SoP, as well as the work plans supporting those goals. Any changes made by the OSC – be they regulatory or technical in nature – should be evidence-based and tested to ensure that the change is of benefit to investors and Ontario’s capital markets. We strongly believe that principles-based regulation is appropriate regulation. Deviating from principles-based regulation, which is scalable and adaptable to different firms’ business models and operations, increases regulatory burden and costs for registrants and diminishes competition. Principles-based regulation will best achieve the OSC’s mandate to foster fair, efficient and competitive capital markets, confidence in capital markets, and capital formation.
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