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Summary:
The Canadian Advocacy Council just wrapped up our final in-person meeting of the year, held in Toronto. There, we heard about forthcoming research from CFA Institute on complex systems and their potential implications for investment management, and learned more about the recent launch of the Canadian Asset Management Entrepreneurship Alliance (CAMEA) by CFA Societies Canada and other stakeholders touching on the asset management sector. CAMEA has developed a series of policy recommendations for improving conditions for entrepreneurs in asset management in Canada. Given the importance of asset management as a catalyst for capital formation and job creation, I very much hope these recommendations gain traction and look forward to continuing to follow CAMEA’s work.
We also discussed the path forward following the Canadian Securities Administrators’ decision to pause efforts to improve the quality of climate and diversity disclosure among public companies, including the potential for engagement with the federal government to use its own jurisdictional levers to fill the regulatory gaps left by securities regulators.
I’m also very pleased to share that CAC has elected a new executive to lead us in the 2025-26 fiscal year. Congratulations to Kevin Dickinson, CFA, who will be succeeding me as Chair of CAC in July, and to Andrew Pennington, CFA, CIPM, who will serve as 1st Vice Chair. I look forward to working with them during the transition and to supporting them as a member of the CAC.