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January 2025 Advocacy Newsletter
Summary:
Happy New Year! It’s been a busy start to 2025 for CAC, due to a significant number of new consultations announced by regulators toward the end of the calendar year. As of our most recent meeting, we had nine comment letters in progress. We’ve made some progress in clearing the backlog and hope to make more by the end of January.
This month, we also had the Supreme Court of Canada’s hearing in Markowich v. Lundin Mining Corp., a case having to do with public companies’ obligation to make timely disclosure of material changes in their business. Pro bono counsel Lenczner Slaght LLP acted for CFA Societies Canada and presented submissions arguing against proposals to narrow the scope of this disclosure obligation, pointing to their negative implications for market transparency and efficiency.
Congratulations to CFA Societies Canada Board Chair Ron Schwarz, CFA, and Managing Director Michael Thom, CFA, for leading the charge on this—we brought a unique perspective to the Court that hopefully is reflected in their decision, expected to be released later in the year.