Contact Us   |   Sign In   |   Join PCMA
Advocacy Work
Share |


The PCMA is a strong national voice for the private capital market industry and represents the interests of exempt market dealers, exempt market issuers and other industry professionals. The PCMA monitors key issues affecting the private capital markets, in particular securities regulations that impact two key areas: 1) registration and compliance issues for exempt market dealers including National Instrument NI 31-103 and related regulations; and 2) prospectus and exempt product/trade rules for issuers, dealers and investors including National Instrument 45-106 and related regulations.  

The PCMA regularly provides detailed written submissions to securities regulators, we meet regularly with senior staff from provincial securities commissions and several members of the Executive and Board have been appointed to advisory roles with securities commissions.

Our purpose is to represent the interests of our members and ensure their voice is heard by those who make decisions impacting our private capital markets. We believe that a strong national voice for all exempt market professionals is critical to the success of the private capital markets across Canada, and vital to the industry and economic future of Canada.

Please review our SPECIAL FEATURE illustrating our efforts to bring the OM exemption to Ontario issuers and investors.

After years of effective advocacy to bring the Offering Memorandum (OM) exemption to Ontario, the PCMA is very encouraged to see the Ontario Securities Commission is preparing to act. The OM framework set out by the PCMA has helped clear away the policy hurdles and show regulators why an OM exemption is so important to capital raising for Ontario issuers and investors. 

Recent PCMA/EMDA comment letters and formal regulatory submissions can be found here:


more Events

2018-10-15 » 2018-10-19
Small Business Week Calgary

PCMA Webinar: Changes to Canadian Privacy Legislation

Featured Members