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April 2026 Advocacy Newsletter

Summary:

As we move further into 2026, our advocacy efforts remain focused on a central challenge: ensuring the vitality and competitiveness of Canadian asset management in a more fragmented and economically adversarial global environment. This includes reinforcing the role our industry plays in supporting Canada’s economic sovereignty, capital formation, and long-term productivity. It also means pressing for innovation- and competition-positive themes in our regulatory and government outreach. These themes remain underrepresented in broader regulatory dialogue, and we are advocating for stronger alignment between policy ambition, regulatory design, and economic outcomes.

Building on last month’s joint letter with PMAC encouraging the Ontario government to have the OSC join the CSA Passport System, we have been encouraged by growing attention to this issue, including recent media coverage highlighting the importance of reducing regulatory duplication and improving interprovincial market access as a part of the broader drive against interprovincial trade barriers. While progress in adding a financial chapter under the Canadian Free Trade Agreement is a positive step, translating these frameworks into tangible outcomes for issuers, registrant firms and investors remains a key priority.

In April, we celebrated National Volunteer Week and were reminded of the critical role played by volunteers across our organization. From the leadership of our Board of Directors, to the Canadian Advocacy Council’s work on regulatory policy and investor protection, and the Canadian Investment Performance Council’s continued thought leadership on evolving performance measurement practices, these contributions are foundational to our impact. We extend our sincere thanks to all of our volunteers for their service, leadership, and ongoing contributions.

Across all of these efforts, our focus remains clear. Canada’s capital markets must become more coordinated, more technologically modern, and more globally competitive, while continuing to serve investors and the broader economy effectively.

Michael Thom, CFA

Managing Director

CFA Societies Canada