In your opinion, what are the major challenges and
opportunities in the private capital markets?
One of the key challenges facing the private capital markets
today is the harmonization (or lack thereof) of securities
regulation across Canada. Although the Canadian Securities
Administrators have endeavoured to harmonize regulation among
the provinces under the “passport system”, based on recent
regulatory proposals, the harmonization concept may be falling
away. Recently proposed amendments to the OM prospectus
exemption would result in the country moving from two very
similar OM regimes to four different approaches.
The Federal Government’s introduction of the proposed
Cooperative Markets Regulatory System is an interesting
development as currently, less than half of provinces and
territories have opted-in and it is not clear whether uniformity will
ever be achieved. Most non-participating provinces are satisfied
with the existing passport system. This will create an ongoing
challenge to the private capital markets with the risk of simply
creating another securities regulator and yet another set of
What are the benefits of being a member of the Private
Capital Markets Association of Canada?
The PCMA is integral to the private markets industry, taking on
the role as an educator, connector and advocate for its members,
among the regulators and the broader public. With its recent
launch of chapters in Alberta and B.C., the PCMA is bringing
together a strong national voice in the private markets industry.
With the continual changes in the securities regulatory landscape
it is vital to have a well-respected organization serving the needs
of MIEs in Alberta and the private capital markets industry
across the country. Our firm is proud to be a founding sponsor
of the PCMA and look forward to further collaboration and
engagement. The PCMA gives us the platform of a respected
industry association on which to maintain and expand our work
and contacts within the private lending industry and the broader
private capital markets.
Become PCMA Member today and make a statement that
you are committed to your profession and highest standards
of business conduct. Join now at www.pcmacanada.com
Educate | Advocate | Connect | Elevate