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Ontario Ministry of Finance – CFA Societies Canada co-signs letter with PMAC urging Ontario to join CSA Passport System

Overview of Comments:

CFA Societies Canada and the Portfolio Management Association of Canada (PMAC) have co-signed a letter to Ontario Finance Minister Peter Bethlenfalvy urging the province to join the Canadian Securities Administrators’ Passport System. The letter argues that Ontario’s participation would reduce duplicative regulatory reviews, lower compliance costs, improve access to capital across provinces, and support a more integrated and competitive Canadian economy.

As the only province not participating in the Passport System, Ontario creates added complexity for firms seeking to operate nationally. The letter notes that joining the system would align with current provincial and federal priorities to reduce interprovincial trade barriers, enhance labour and capital mobility, and strengthen productivity and economic growth across Canada.