Associations for private and exempt markets merge

The Private Capital Markets Association of Canada (PCMA) and the National Exempt Market Association (NEMA) have merged, making a new entity that’s the largest private capital markets community in Canada.

Traditionally, PCMA’s membership and activities were largely based in Eastern Canada, while NEMA’s were in Western Canada.

PCMA, founded in 2002, acts as a national industry voice for the private capital markets to securities regulators, government agencies and the capital markets. NEMA was incorporated under Alberta’s Society Act in 2011 as the Western Exempt Market Association, and changed its name to NEMA in 2013.

As each association expanded, their respective operations increasingly overlapped.

The merged associations will retain the name Private Capital Markets Association of Canada (PCMA).

PCMA member benefits will continue uninterrupted, and NEMA members will be contacted in coming weeks to join PCMA.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.