Jeanne Pratt

Discussion relating to Canada’s COVID-19 economic response plan to provide credit through the Business Development Bank of Canada (BDC) and Export Development Canada (EDC) under the Loan Guarantee for Small and Medium-Sized Enterprises, the Co-Lending Program for Small and Medium-Sized Enterprises. Discussion relating to Canada's COVID-19 economic response plan. The Income Tax Act and Excise Tax Act as they relate to the taxation of credit unions, cooperatives and small business. Winding-up Restructuring Act and applicability to credit unions and credit union centrals. The Personal Information Protection and Electronic Documents Act with respect to impact on credit unions and credit union centrals. The Organization for Economic Co-operation and Development (OECD) Common Reporting Standards and potential impacts on credit unions. The Canada Anti-Spam Law as it relates to contraventions under the Act and general impact on credit union operations. Proceeds of Crime (Money Laundering) and Terrorist Financing Act with respect to reporting and compliance obligations of credit unions and credit union centrals. Participated in the Department of Finance consultation on the development of a financial consumer code. Continue to monitor its development. Monitor the financial powers and operations of the Business Development Bank of Canada as being considered during the current statutory Parliamentary Review of the Business Development Bank of Canada. Monitoring housing finance policy as it relates to data collection by the Government, Regulatory Burden and how policy will affect consumers. Issues that impact the competitiveness of credit unions including: Accessibility to Canada Mortgage and Housing Corporation’s (CMHC) default management tools, federal credit union legislation; CMHC's mortgage insurance policies; and anti-money laundering and anti-terrorist financing legislation; social finance and social innovation; financial literacy International Monetary Fund (IMF) - Financial Sector Assessment Program (FSAP) and Article 4 consultations. Income Tax Act - any provision applicable to credit unions including but not limited to (Part XVIII and Part XIX) pertaining respectively to the automatic exchange of financial account information with the United States under the intergovernmental agreement to facilitate compliance with the "The Foreign Account Tax Compliance Act (FATCA) and the automatic exchange of financial account information with jurisdictions other than the US in accordance with the Common Reporting Standard. Financial Action Task Force (FATF) - mutual evaluations of Canada Engaging with all Government stakeholders that are investigating the implementation of an open-banking framework in Canada and how that will affect credit unions and their members. Discussion relating to a national strategy on financial literacy, with respect to the work of the credit unions on financial literacy. Co-operative Credit Associations Act scheduled review of federal financial institutions legislative review due in 2023. Competition Act - merger review standards, performance and fees of the Competition Bureau as they affect credit unions, compliance programs. Canadian Payments Act - Monitor work by the Department of Finance, Bank of Canada and the Canadian Payments Association related to any amendments to CPA Act and proposed modernization initiatives. Canada Deposit Insurance Corporation (CDIC) Act. Monitor the progress of the CDIC review of deposit insurance and participate in any consultations or research initiatives Monitor any resulting changes to the CDIC Act. Bankruptcy and Insolvency Act as it relates to lending practices and priority of security. Monitor and participate in the review of the Act. Bank Act - federal credit union provisions. Competitiveness of credit unions, Section 983 Bank Act - Section 427-429 Bank Act security. The 2025 review of federal financial institutions legislative review. Aboriginal reconciliation- Discussion on

Working with the government to protect Canadians against fraud and scams, including the development of the National Anti-Fraud Strategy. Contribute to the development and implementation of a Canadian consumer driven banking framework and the development of associated regulation. Policies and programs relating to the efficiency and effectiveness of the financial sector regulatory system, specifically the red tape reduction review. Open dialogue with relevant public office holders to emphasize Capital One's important role in Canada’s financial landscape and the unique business conditions of small and medium banks in Canada. Support the development of an innovative, efficient, and secure payments ecosystem in Canada that benefits consumers. The Bank Act and various associated regulations, in particular those pertaining to Schedule III banks.

Work with the federal government to develop policies that seek greater transparency and a frictionless experience for Canadian consumers, promoting greater competition in the financial sector. The Retail Payments Oversight Framework, with respect to market conduct, liability, end-user funds safeguarding, operational risk mitigation, and other provisions. The government's review of the financial sector legislative framework with a focus on the digitalization of money The federal government's review and involvement of open banking in Canada's financial sector, as well as the modernization of federal privacy laws The Canadian Payments Act, with respect to membership, governance, funding, liability, and other provisions, as well as payment system modernization.

Ensure retailer flyer printing and distribution in Canada remains competitive. At a time when the news publishing industry is facing soaring costs due to inflation, advertising competition from foreign Big Tech giants, and the theft of journalistic content by AI companies, ensure Canada Post offers community newspaper publishers the same rates and level of service they are offering to the dominant commercial printer in Canada. Ensure there is healthy competition in the flyer printing and distribution markets across Canada. Amend the definition of a Qualified Canadian Journalism organization (QCJO), requiring that an organization regularly employ two or more journalists to include: journalists who do not deal at arm’s length with the organization. This would generally include owners/partners who actively pursue, research, analyze, explain, edit, format, design, write or report the news, or select, plan, or assign work, in accordance with journalistic processes and principles. They would work, on average, a minimum of 26 hours per week and spend at least 75% of their time engaged in the production of original written news content, including researching, collecting information, verifying facts, photographing, writing, editing, designing and otherwise preparing content. To halt the theft of copyright protected news content, Public Services and Procurement Canada and Treasury Board should ensure those on the government’s list of interested artificial intelligence suppliers sign a "supplier commitment to support the Government of Canada’s effort in leading the way on ethical AI” that includes a commitment to the principles of transparency, consent, and attribution with respect to all copyright-protected source content. Ensure that the Online News Act continues and that funding is distributed in accordance with the Act and its Regulations. Ensure social media services covered by the Online News Act do not allow publisher content to be reproduced (screen shots, copied text, etc.) without providing compensation to news businesses. Protect intellectual property by preventing LLMs from scraping journalistic content. Ensure search engines cannot abuse their dominant position by de-indexing Canadian news sites if publishers block their AI bots from crawling our protected content without consent, credit, and compensation. Ensure any policy changes to the Aid to Publishers component of the Canadian Periodical Fund take into account the importance of the program, especially to smaller rural community newspapers. Align the Government of Canada advertising policy with the Government of Canada's "Buy Canadian Policy" by directing the Agency of Record to ensure a minimum of 25% of the Government of Canada domestic advertising budget to Canadian private sector news businesses. Ensure Canada Post continues to perform its vital role deliver community newspapers to Canadians. Have Canada Post return to the long-standing policy of exempting community newspapers with commercial inserts (e.g., flyers from local hardware and grocery franchisees) from the Consumers’ Choice program. Community newspapers with commercial inserts are not ‘junk mail’. Ensure that the Copyright Act is not modified through an exception permitting Text and Data Mining (TDM) allowing AI companies to use Canadian news publishers' protected works to train generative AI systems without consent, credit, or compensation. For transparency and to facilitate verification of eligible news publishers under the Online News Act, make the list of Qualified Canadian Journalism Organizations public. Keep advertising in dollars in Canada by closing the loophole in Section 19 of the Income Tax Act that allows for the deductibility of foreign internet advertising. Maintaining the Canadian Journalism Labour Tax Credit at 35%. Abuse of dominance and anti?competitive business practices related to online search, search advertising and display advertising services in Canada. Extending the Local Journali

Bill C- 29, the Financial Crimes Agency Act with respect to the impacts on payment service providers. Discuss financial sector policy matters such as payments systems, e-commerce, and data security; Discuss policy options and industry trends in regards to the Consumer Driven Banking Act and The Stablecoin Act (C-15 Budget Implementation Act 1) Monitor developments regarding the Personal Information Protection and Electronic Documents Act. Emerging policies and regulation of the financial technology or "fintech" sector to allow for greater innovation and competition. Potential regulations and policies concerning real time rail /faster payments under review by Government of Canada/Payments Canada. Monitor developments and amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations. Monitor development of the Retail Payments Oversight Framework and regulations as part of the implementation of the Retail Payments Activities Act (RPAA) Discuss policy options and industry evolution with respect to Open Banking. Discuss challenges confronting Canadian Small and medium size businesses in the digital economy and the role of online payment systems in supporting SMBs in Canada.