Joomla! site syndication http://www.cfaadvocacy.ca 2010-07-29T07:08:00+01:00 http://www.cfaadvocacy.ca http://www.cfaadvocacy.ca/images/M_images/joomla_rss.png text/html 2006-09-14T13:40:37+01:00 http://www.cfaadvocacy.ca http://www.cfaadvocacy.ca/content/view/12/ Organization Description Originally organized in the mid-1990’s, the Canadian Advocacy Council was a standing committee of the Association for Investment Management and Research (now CFA Institute). At present, the Canadian Advocacy Council for Canadian CFA Institute Societies (“CAC”) is the Pan Canadian body representing the interests of Canadian CFA Institute societies with regards to advocating the CFA Institute’s Code of Ethics and Standards of Practice to Canada’s securities regulators, standard setters, self-regulatory organizations, industry groups and legislators. The CAC is an independent organization comprising of approximately 16 members from across Canada who engage in a variety of activities in Canada’s capital markets. The CAC represents approximately 12,000 CFA Institute members who are the primary market participants in Canada’s capital markets. Funding for the CAC is provided by the 12 member societies of the CFA Institute and the CFA Institute. The CAC advocates the interests of its members through the publication of comment letters on proposed rules and notices from standard setters, legislators and securities regulators. In addition, the CAC published “White Papers” on issues which it deemed as national importance and participates in a number of User Advisory groups. Comments and issues engaged by the CAC are screened through a vigorous litmus test and debate from its members. The CAC reports to the CAC Oversight Council consisting of the CFA Institute’s Canadian President’s Council Representative and representatives of four member societies and a floater society. The composition of these four member societies rotates on an annual basis. The Oversight Council primarily provide feedback to the CAC members from their own societies, approves the appointment of new members to the Council and acts as the primary governance mechanism for the Council. The CAC works closely with the CFA Institute’s Centre for Market Integrity (the ‘Centre”) by providing input and participants into the Centre’s two main advocacy committees (Capital Market Policy and Corporate Disclosure Policy). In addition, the CAC and the Centre co-ordinate general and specific Canadian advocacy efforts when appropriate.