PDAC welcomes consultation draft to reform Canada’s fragmented capital markets

The Prospectors and Developers Association of Canada (PDAC) has applauded the release of a revised consultation draft of the Capital Markets Act (CMA) and initial regulations for consultation, labelling it a key milestone in the transition to a cooperative capital markets regulatory system. Members of the Cooperative Capital Markets Regulatory System, an initiative by the governments of British Columbia, New Brunswick, Ontario, Prince Edward Island, Saskatchewan, Yukon and Canada, released the draft document on Tuesday, with the comment period running until December 23.