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Cooperative Capital Markets Regulator


Release Date: 08/07/2018
Staff Reference: Ronald Sanderson

August 7, 2018

Cooperative Capital Markets Regulatory System
c/o Capital Markets Authority Implementation Organization
P.O. Box 109, TD Tower North
Suite 3110, 77 King Street West
Toronto, Ontario M5K 1G8

Dear Sir or Madam:

Re: Consultation re Capital Markets Act - Draft Prospectus and Related Registration Exemptions

I am writing on behalf of Canada's life and health insurance companies in response to the captioned consultation, and to recommend a simple but significant clarification to the proposed exemptions.

The Canadian Life and Health Insurance Association (CLHIA) is a not-for-profit, membership-based organization that represents 99% of Canada's life and health insurance companies. CLHIA's member companies, through a wide range of products and services, help Canadians to protect themselves and their families against the financial risks surrounding premature death, illness and retirement. These products include individual and group life insurance, supplementary health insurance and individual and group annuities (including RRSPs, RRIFs, TFSAs and Defined Contribution pension plans).