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June 2025 Advocacy Newsletter

Summary:

 With summer very much in swing, the CAC is set to take a bit of a breather as we wrap up our fiscal year. It’s been a busy one, with the CAC submitting a total of 18 comment letters to Canadian securities regulators. We’ve maintained our advocacy for evidence-based, standardized, decision-useful disclosures and enhanced investor protections, and for the importance of elevating the integrity of capital markets and building investor trust. Even if regulators don’t always agree with our views, there is value in getting them on the record—with changes in outside circumstances and the political climate, we have confidence they will prove influential over the longer term.

As mentioned in my last message, at the end of this month, I will be passing the baton as Chair to Kevin Dickinson, CFA, who will be joined on the executive by Andrew Pennington, CFA, CIPM, as Vice Chair. I’m so glad Kevin and Andrew have agreed to step into these roles, and I look forward to supporting their leadership.

I also want to recognize our three departing members: David Stanton, CFA, who has served on the CAC since 2019; Kathryn Laflamme, CFA, who is stepping away to take on additional leadership responsibilities with CFA Society Ottawa; and Parham Nasseri, CFA, who has served on CAC since 2016—including two years of service as Chair and three years as Vice Chair—and will be continuing his tireless advocacy for retail investor interests on the OSC’s Investor Advisory Panel. I speak for all CAC members in saying how deeply grateful we are for all their contributions and hard work.