As part of its mandate, PDAC responds to public consultation from securities regulators. Below are a few of the relevant recent ones and the PDAC response.
July 29, 2021 - Public Consultation on Proposed British Columbia Instrument 51-519 Promotional Activity Disclosure Requirements
On May 26, 2021, the British Columbia Securities Commission (BCSC) published a Notice and Request for comments on its proposed British Columbia Instrument 51-519 Promotional Activity Disclosure and related Companion Policy 51-519 Promotional Activity Disclosure Requirements (See link to the BCSC notice).
In the notice, the BCSC stated that: “The proposed Instrument would establish a tailored framework for promotional activity disclosure in British Columbia, and is one component of a larger initiative we are pursuing to address problematic promotional activity. The Instrument would provide investors with improved transparency about the source and reliability of promotional activity, enabling them make more informed investment decisions. The disclosure would also assist the BCSC to identify and hold responsible those issuers and persons who conduct problematic promotional activity."