Canadian Advocacy Council
Learn more about the CAC
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). 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 CFA Canada and CFA Institute.
The CAC works closely with the CFA Institute 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.
The CAC reports to the CFA Societies Canada Board of Directors.
The Board of CFA Societies Canada in turn designates the CFA Societies Canada Executive Committee.
Within the responsibilities of the CFA Societies Canada Executive Committee include:
- Overseeing and approving governance of Canadian Advocacy Council (CAC) and other committees or councils approved by the Board;
- Approving the admission of members of CAC and other committees or councils approved by the Board;
- Recommending and overseeing budgets of CAC and other committees or councils approved by the Board;
- Recommending national communication items, to Member Societies of CFA Institute in Canada;
Members of the CFA Societies Canada Executive Committee are encouraged to observe all CAC meetings/ conference calls and join meetings in their respective cities.