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Policy

Policy

As the voice of Canada’s investment funds industry, SIMA’s principal role is to advocate on behalf of its members and their investors. We review and analyze public policy issues, including federal and provincial legislation and regulatory and self-regulatory initiatives and develop and communicate approaches that advance our mission – to foster a strong, stable investment sector where investors can realize their financial goals.

SIMA files many submissions to policy makers and other stakeholders. We also commission reports from independent third-party think tanks and analysts on topical issues, source and share independently- produced research from around the world and provide public commentary. Our Policy and Advocacy pages provide access to all of the documents we have available on a subject by subject basis.

Featured Documents

Submission - OSC - Proposed OSC Fee Rule Amendments (July 29, 2026)

SIMA raises concerns regarding the proposed amendments to the OSC fee rule. These concerns center on two elements: (1) the annual adjustment of participation fees based on the Consumer Price Index (CPI), and (2) the introduction of a new participation fee tier that would increase fees on an annual basis.

(July 29, 2026)

Submission - Finance - International Competitiveness of the Canadian Asset Management Industry - Tax Policy Reforms (July 22, 2026)
(July 22, 2026)

Submission - CIRO - Proposal to harmonize CIRO continuing education programs - Phase 2 (July 15, 2026)
(July 15, 2026)

Submission - CIRO - Proposed Amendments Respecting Client Delivery Obligations (July 3, 2026)
(July 3, 2026)

Submission - OSC - Request for Comment: Transforming how we share Ontario’s securities regulation (June 30, 2026)
(June 30, 2026)

Submission - CIRO - Proposed Dual Registration Amendments – Proposed CIRO Rules (June 11, 2026)
(June 12, 2026)

Submission - CIRO - Rule Consolidation Project - Proposed CIRO Rules (June 11, 2026)
(June 12, 2026)

SIMA files pre-budget submission (May 29, 2026)
(May 29, 2026)

Submission - Pre-Budget Consultations in Advance of the Upcoming Federal Budget (May 22, 2026)
(May 29, 2026)

Investment Funds IFRS Accounting Standards Toolkit (May 2026)

Revised to reflect IFRS 18 and other ancillary updates (May 19, 2026)

(May 19, 2026)

The Shifting Landscape of Financial Influence: Finfluencers, Advisors, and Digital Trust - PowerPoint
(May 5, 2026)

Submission - Quebec Ministry of Finance - Regulation to Amend the Securities Regulation (AMF Fees) (April 24, 2026)
(April 24, 2026)

Submission - OBSI - 2026 Independent External Review Consultation (April 8, 2026)
(April 8, 2026)

Submission - CSA - Proposed Amendments NI 81-102 and Consultation Paper Liquidity Risk Management for Investment Funds (March 27, 2026)
(March 27, 2026)

Submission - Finance - Legislative Proposals Relating to the Income Tax Act and the Income Tax Regulations – Qualified Investments for Registered Plans (February 27, 2026)
(February 27, 2026)

Submission - Finance - Repeal of the Registered Investment Regime and Amendments of the Definition of Qualified Investment Proposed (December 17, 2025)
(December 17, 2025)

Submission - Finance - Definition of “Investment Fund” in Subsection 251.2(1) of the Income Tax Act (Canada) (December 10, 2025)
(December 10, 2025)

Submission - CIRO - Proposed Guidance on Order Execution Only Account Services and Activities (November 17, 2025)
(November 17, 2025)

Submission – CIRO - Proposed Amendment of Approved Person Fees Component within the Annual Fee of Dealer Member Fee Model (November 7, 2025)
(November 7, 2025)

Submission - CDS Clearing and Depository Services Inc - Proposed Significant Changes to Discontinue the Fee Rebate Model and Reduce Certain Core Clearing and Settlement Fees & Proposed Amendments to Eliminate Network Connectivity Fees and to Eliminate Report File Transmission Fees (November 3, 2025)
(November 3, 2025)