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MULTI-AWARD-WINNING UGREEN TO LAUNCH ULTRA-COMPACT POWER BANKS FOR SINGAPORE MARKET

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Owner of 1,400 Design, Practical and Invention PatentsNext-Gen Storage and Portable Battery Charging Devices Continue Changing the Way We Interact with Tech

SINGAPORE, Aug. 23, 2024 /PRNewswire/ — UGREEN is pleased to announce the launch of its latest innovation in high capacity, fast-charging power banks. Weighing 64 to 112g less than its competitors with the same capacity, the UGREEN Nexode is “ultra-compact”. The column design streamlines the power bank’s dimensions, thereby enhancing the grip and overall handling experience. Two variations – 12000mAh 100W and 20000mAh 130W – will be available for purchase on Shopee, Lazada and TikTok Shop from 23 August 2024. Offline retailers will also carry the products at a later date

UGREEN was founded in 2012 and by 2014, had expanded into more than 100 countries.  In 2019, it won the IF Design Award[1] and Red Dot Award[2] for its innovative portable designs.  As one of the early adoptors of the advanced column design which internally stacks components to maximise space utilisation, UGREEN has been committed to crafting ultra-compact power banks since the start. With a powerful vision to remain user-centred and dedicated to innovative technology, the company has garnered more than 1,400 design and technical patents under its belt and continuously develops products to enhance lives and humanity.  In 2021, UGREEN was invested in by the investment giant, Hillhouse Capital[3], who has also funded high-quality and sustainable businesses such as Tencent, Miniso and Zoom.

A Battery Charger For the Future of Devices

With increasing reliance on electronic devices, consumers carry several electronic devices with them throughout the day, all of which require recharging at some point.  In endeavouring to stay true to their mission and make lives better, UGREEN specifically focused on developing higher capacity power banks to reduce weight and stress on users.  Often lauded as the only power bank worth having, UGREEN has delighted users since the launch of its first Nexode GaN chargers in 2021.

The dual-port output of the Nexode power bank fast charges 2 devices simultaneously, and the 2C1A interface allows users to charge of up to 3 devices at the same time. A smart TFT display gives real-time, intuitive information, and the switchable trickle mode allows users to reduce the charging current for different devices in order to safely charge low-current devices such as Bluetooth earphones and smartwatches. The power bank also comes with built-in real temperature monitoring and heat dissipation functions with a V-0 flame retardant casing that further reassures users of its overall safety.

The UGREEN Nexode 12000mAh 100W and 20000mAh 130W Power Banks retail for SGD 109.99 and SG 69.99 respectively.

More details on the UGREEN Nexode Power Banks is given in Appendix A.

To download a copy of UGREEN’s business profile, click here.

Website: www.ugreen.com
Facebook: www.facebook.com/ugreen.sg
Instagram: www.instagram.com/ugreen.sg
Tiktok: www.tiktok.com/@ugreen.sg
LinkedIn: www.linkedin.com/company/ugreen-group-limited
Official hashtags: #ugreen #ugreensingapore #ugreensg

Download high-resolution images here.

About UGreen

Established in 2012, UGREEN specialises in providing digital solutions for global consumers. During these 10 years, UGREEN has turned into an innovator by developing the independent research and development, design, manufacturing, and brand marketing capabilities. Ranging from charging devices, phone and computer accessories, to home and automobile accessories, UGREEN’s products are available in over 100 countries and regions around the world. Up to now, UGREEN has built an extensive distribution network consolidating online and offline channels and is always committed to providing innovative and valuable products and services that delight customers.  For more information, visit www.ugreen.com.

[1] https://ifdesign.com/en/ 

[2] https://www.red-dot.org/ 

[3] https://en.wikipedia.org/wiki/Hillhouse_Investment 

APPENDIX A

UGREEN NEXODE POWER BANK DETAILS

Capacity/Power/

Port

20000mAh PD 130W+2C1A

 

Battery Type

Lithium-ion Battery

 

Retail Price

SGD 109.99

 

Purchase from

 

Shopee: https://shopee.sg/product/64922680/26753872611

Lazada: https://www.lazada.sg/products/i3079209306.html?spm=a1zawe.24863640.table_online_product.67.86e24edflyvtOs

TikTok: https://shop.tiktok.com/view/product/1729701251457451613?region=SG&locale=zh-CN 

 

Features

•  High-rate 20000mAh battery with 800 life cycles to 80% capacity.  

•  130W max. total output allows you to charge your laptop, tablet, and phone simultaneously.

•  The smart TFT display allows you to view the remaining battery, real-time working current, voltage, and dynamic power of each port.

•  Supports PD, PPS, QC, AFC, FCP, SCP, and more fast charging protocols. Compatible with low-current devices like Bluetooth earbuds and watches.

•  Features multiple protections such as overcurrent, overvoltage, overcharge, overdischarge, overtemperature, and short circuit.

•  Features a V-0 flame-retardant casing and a high-quality spray painting process.

•  The battery cells have passed international safety performance certifications such as CE, FCC, UKCA, PSE, and CB, ensuring their quality and safety.

•  Includes a 140W PD3.1 charging cable and a velvet bag.

 

Specifications

•  Battery Capacity:20000mAh (5000mAh×4)  

•  Battery Rated Energy:72Wh (14.4V 5000mAh)

•  USB-C1 Input: 5V⎓3A/9V⎓3A/12V⎓3A/15V⎓3A/20V⎓3.25A  65W Max

•  USB-C1 Output: 5V⎓3A/9V⎓3A/12V⎓3A/15V⎓3A/20V⎓5A 100W Max

•  USB-C2 Output:5V⎓3A/9V⎓3A/12V⎓2.5A/15V⎓2A 30W Max

•  USB-A Output: 10V⎓2.25A/5V⎓3A/9V⎓2A/12V⎓1.5A  5.5-11V⎓3A  33W Max

•  Multi-port Output (USB-C1+USB-C2):130W Max

•  Total Output: 5V⎓6A/9V⎓3A/12V⎓3A/15V⎓3A

•  Display: TFT display

•  Charging Time:  About 2 hours (with PD 65W charger)  

•  Dimensions:54×50×130 (mm) 

 

Capacity/Power/

Port

12000mAh PD 100W+1C1A

Battery Type

Lithium-ion Battery

 

Retail Price

SGD 69.99

 

Purchase from

 

Shopee: https://shopee.sg/product/64922680/29703962623/

Lazada: https://www.lazada.sg/products/i3096785576.html?spm=a1zawe.24863640.table_online_product.70.86e24edflyvtOs

TikTok: https://shop.tiktok.com/view/product/1729701251457451613?region=SG&locale=zh-CN

 

Features

•  High-rate 12000mAh battery with 500 life cycles to 80% capacity.  

•  Supports up to 100W single-port output, providing emergency power for devices such as laptops, tablets, and smartphones.

•  Supports PD, PPS, QC, AFC, FCP, SCP, and more fast charging protocols. Compatible with low-current devices like Bluetooth earbuds and watches.

•  With a 65W USB-C input, it can be fully charged in just 40 minutes.

•  Features multiple protections such as overcurrent, overvoltage, overcharge, overdischarge, overtemperature, and short circuit.

•  Features a V-0 flame-retardant casing and a high-quality spraypainting process.

•  The battery cells have passed international safety performance certifications such as CE, FCC, UKCA, PSE, and CB, ensuring their quality and safety.

•  Includes a 140W PD3.1 charging cable and a velvet bag.

 

Specifications

•  Battery Capacity:12000mAh(3000mAh×4)          

•  Battery Rated Energy:43.2Wh (14.4V 3000mAh)

•  USB-C1 Input: 5V⎓3A/9V⎓3A/12V⎓3A/15V⎓3A/20V⎓3.25A 65W Max

•  USB-C1 Output:5V⎓3A/9V⎓3A/12V⎓3A/15V⎓3A/20V⎓5A  100W Max

•  USB-A Output: 10V⎓2.25A/5V⎓3A/9V⎓2A/12V⎓1.5A  22.5W Max

•  Total Output: 5V⎓3A

•  Display: LCD digital display

•  Charging Time: About 40 minutes (with PD 65W charger)  

•  Dimensions:45×45×115 (mm)

 

 

Details on Features

Feature

Feature

Benefit

Ultra-portable Power-column Design

Advanced column design, with internal stacking to maximize space utilization. Lightweight and compact, easily be held on the palm.
(PB721) Dimensions: L 54  ×W 51 ×H 131 (mm), Weight: 480g.
(PB724) Dimensions: L 45.5  ×W 46 ×H 115 (mm), Weight: 309g.

Easy to hold with one hand, travel-friendly
With a narrower width and smaller size, it can be easily held with one hand and placed in a carry-on suitcase or personal briefcase, reducing space occupancy. Additionally, it is lighter in weight, and carrying it in a handbag won’t add much weight burden. Carrying a high-power and high-capacity charging assistant becomes effortless.

100W Super Fast Charging

The C1 port supports 100W output and can power laptops as well as provide fast charging for smartphones and tablets. In 30 minutes, it can charge the Macbook Pro 16″ to 43% (PB721) and 28% (PB724)

100W fast charging, worry-free work anytime, anywhere
With a maximum 100W Type-C single-port output, it can not only power your laptop, but also provide fast charging for smartphones and tablets. It is suitable for business travelers on the go, providing emergency power for laptops so you can work worry-free anytime, anywhere. It also supports fast charging for mobile devices, allowing you to charge faster than using them, saving you waiting time during your travels.

12000 or 20000mAh Large Capacity

 

PB721: 20000mAh, which can fully charge a MacBook Air once and fully charge an iPhone 15 four times (estimated).
PB724: 12000mAh, which can fully charge an iPhon15 1.28 times (data pending testing).

20000mAh large capacity, worry-free power on the go
With a capacity of 20000mAh, it has enough power to provide emergency power for laptops during travel or to fully charge devices such as smartphones and tablets multiple times. Whether it’s for work or entertainment on the go, you don’t have to worry about your devices running out of power.

TFT Smart Display

Equipped with a TFT screen (Thin Film Transistor liquid crystal display), it has high resolution, high color reproduction, and fast response.
The screen intelligently displays different status information, including battery level, real-time voltage, real-time current, and power of different interfaces.

Smart TFT display, real-time and intuitive information
Through the screen, users can intuitively understand the working status of each interface and the power distribution. When charging with a single port or multiple ports, it helps users to know the charging status of different devices, avoiding situations where devices are not charged or the charging power is not matched.

130W Two-Port Charging

C1 port supports 100W max output, C2 port supports 30W max output. When both ports are simultaneously outputting, they can reach the maximum output power of each port separately, providing a total output power of up to 130W (100W + 30W).

130W dual-port output, double the fast charging
When both ports are used for output, it supports up to 130W. The C1 and C2 ports can simultaneously provide power to laptops and fast charging for iPhones respectively. Charging two devices simultaneously doubles the efficiency during travel.

Charge 2 Devices Together (PB724)

The type-C port supports 100W output, USB-A port supports 22.5W output. It can support charging two devices simultaneously, and when both ports are outputting at the same time, the total power is 20W.

Charging two devices simultaneously
The Type-C port and USB-A port can simultaneously provide power to two different devices. Charging two devices simultaneously doubles the efficiency during travel.

Charge 3 Devices Together (PB721)

 

Equipped with 2 Type-C ports and 1 USB-A port. C1 port has a maximum output of 100W, C2 port has a maximum output of 30W, and the USB-A port has a maximum output of 22.5W.
When all three ports are simultaneously outputting, the C1 port has a maximum output of 100W, and the C2 and A ports share a total power of 15W.

Charge 3 Devices at Once
With the 2C1A interface design, it can charge up to three devices simultaneously. In high-frequency travel scenarios, it can charge laptops, smartphones, and headphones at the same time. The C1 port with 100W can charge the laptop, while the C2 and A ports share 15W to charge the smartphone and earphones simultaneously.

65W Fast Recharging

The C1 port can provide both input and output. When recharging the power bank through the C1 port, the maximum input power is 65W, and it takes about 2 hours (PB721) or 1.5 hours (PB724) to complete the charging.

2-hour fast recharging, always ready to go
With 65W input, the power bank can be fully charged in 2 hours, saving preparation and waiting time for the journey. During the travel process, it can be quickly recharged in a hotel room or conference office, eliminating the need for long waiting times and saving travel time.

13-Layer Safety Protection

Features 13 layers of protection, including high temperature protection, low temperature protection, input overcurrent protection, output overcurrent protection, input overvoltage protection, output overvoltage protection, overcharge protection, overdischarge protection, overpower protection, undervoltage protection, short circuit protection, Manual Reset Protection, and Auto Circuit Interruption. It also has international safety certifications such as European REACH/CE/ROHS certification, UK UKCA certification, Japanese PSE certification, US FCC/UL/DOE certification, and other certifications including CESI national standard and CB certification.

Durable and prevents device damage
It supports multiple protections to handle different safety situations, including high temperature protection, low temperature protection, input overcurrent protection, output overcurrent protection, input overvoltage protection, output overvoltage protection, overcharge protection, overdischarge protection, overpower protection, undervoltage protection, short circuit protection, Manual Reset Protection, and Auto Circuit Interruption. It has passed multiple international safety certifications, including REACH, CE, ROHS, UKCA, PSE, FCC, UL, DOE, CESI, and CB. These comprehensive safety measures ensure the durability and longevity of the product. Whether in use or idle, there is no need to worry about the power bank burning or exploding due to various factors, nor do you need to worry about the power bank damaging charging devices.

Automotive Grade Lithium-ion Power Cell

PB721: It adopts the 21700 battery cell, which is a new type of lithium-ion battery. Well-known electric vehicle manufacturer Tesla also uses the 21700 battery cell internally. Compared to the traditional 18650 battery cell, the 21700 battery cell has a higher energy density, allowing for more capacity in a smaller volume, and it has a longer lifespan and better durability. It supports up to 800 cycles (80% or more capacity retention). After a continuous aging test of 120 days, the performance remains the same. In addition, it has passed multiple certifications such as the CESI national standard, US UL certification, UN38.3 and MSDS transportation reports, as well as CB certification.

Large capacity in a compact size, extended lifespan
The 21700 battery cells have a higher energy density, allowing our power bank to accommodate more capacity in a smaller size, providing a longer charging lifespan. Moreover, these battery cells have a longer lifespan and better durability, making our power bank more durable. After 800 charge and discharge cycles, the capacity still retains over 80%, making it more long-lasting. With multiple certifications, it is also safer.

PB724: It adopts the 18650 battery cell, which is a type of lithium-ion battery. Compared to pouch batteries, it has a longer lifespan and better durability. After a continuous aging test of 120 days, the performance remains the same. It has also undergone multiple certifications including the CESI national standard and US UL certification, as well as UN38.3 and MSDS transportation reports, and CB certification, making it safer.

Large capacity in a smaller size, extended lifespan
The 18650 battery cell has a higher energy density, allowing our power bank to accommodate more capacity in a smaller size, providing a longer charging lifespan. Moreover, this battery cell has a longer lifespan and better durability, making our power bank more durable and long-lasting. With multiple certifications, it is also safer.

Thermal Guard™ System

It is equipped with a large area metal heat sink and NTC temperature control detection, with temperature measurements conducted 200 times per second.

Real-time temperature monitoring, high-speed heat dissipation, safe and reassuring
It is equipped with a large metal heat sink, which allows for faster heat conduction. The NTC temperature control detection system monitors temperature fluctuations in real-time, conducting temperature measurements 200 times per second, to prevent the power bank from overheating and mitigate the risk of self-ignition or explosion. The shell is made of V-0 flame retardant material, which complies with the V-0 fire protection grade in the international flame retardancy standard UL94, effectively preventing combustion or slowing down its spread.

Premium Minimalistic Design

 It adopts the advanced column design, with the high-quality spray painting process and a gray color scheme.

Premium and minimalist, business demeanor
With a power-column design and a space gray color scheme, it has a visually refreshing, high-end, and minimalist visual style, suitable for business professionals who appreciate a high-end demeanor and meets the needs of tech-savvy users. The power-column design also makes it more compact in size, convenient for one-handed grip, and easy to use during travel without any fuss.

Wide Compatibility with 1000+ Devices

Supports charging protocols such as PD, PPS, QC, AFC, FCP, SCP, UFCS, compatible with mainstream electronic devices from various brands.

Compatible with 1000+ devices, simplify complexity
Supports charging protocols such as PD, PPS, QC, AFC, FCP, SCP, UFCS, covering mainstream electronic devices from various brands, and has a wide range of charging compatibility. It is also compatible with low current electronic products such as Bluetooth earphones and smartwatches for charging.

Anti-slip Pad

The side of the power bank is designed with anti-slip pads to enhance friction when placed on a flat surface.

Anti-slip pads for stable and secure standing
During simultaneous charging with multiple ports, it is often necessary to stably place the power bank to avoid accidentally dropping fragile electronic products along with the cables. We have added anti-slip pads in the product design, which prevent sliding when placed horizontally, providing a more stable and reliable working environment.

Airline Approved

Rated capacity is 44Wh (PB724) and 72Wh (PB721), compliant with boarding requirements.

No battery anxiety on board
Usually, US and German flights restrict power banks with a capacity of over 100Wh from being brought onto the plane. Our power bank has a rated capacity of 72Wh, so it complies with the boarding requirements. You can freely carry our power bank on board, and there will be no battery anxiety during long-haul flights.

Trickle Charging Mode

Supports trickle charging mode, which reduces the current to adapt to low current devices such as Bluetooth earphones and smartwatches.

Switchable trickle mode, safe fast charging, and extended battery life for smartphones and other devices. It can also provide safe charging for low-current devices such as Bluetooth earphones and smartwatches.

 

 

View original content:https://www.prnewswire.com/apac/news-releases/multi-award-winning-ugreen-to-launch-ultra-compact-power-banks-for-singapore-market-302229243.html

SOURCE UGreen

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Marine Biological Laboratory Appoints Nicole A. Theodosiou as Burroughs Wellcome Director of Education

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WOODS HOLE, Mass., July 23, 2026 /PRNewswire/ — The Marine Biological Laboratory (MBL) has appointed Nicole A. Theodosiou, Ph.D., as its next Burroughs Wellcome Director of Education at the Marine Biological Laboratory. She will join the MBL on September 8.

Theodosiou brings more than two decades of experience in science education, academic leadership, and program development. She joins the MBL from Union College in Schenectady, New York, where she held a number of leadership roles focused on curriculum innovation, faculty development, and undergraduate STEM education. Most recently, she served as Special Projects Director for Initiatives in Pedagogy & Course Design. Previously, she directed the Howard Hughes Medical Institute Inclusive Excellence Initiative, led the Biochemistry Program, and served as a faculty member in the Department of Biology.

Throughout her career, Theodosiou has developed interdisciplinary educational programs, led faculty development initiatives, and advanced innovative approaches to teaching and learning. She is a member of the Society for Developmental Biology Academy and served on the Society’s Board of Directors as chair of its Professional Development and Education Committee, where she helped create professional development programs and educational resources for scientists nationwide.

At the MBL, Theodosiou will lead the institution’s educational programs, including its internationally renowned Advanced Research Training Courses (ARTCs), undergraduate and high school programs, and other educational initiatives that support the Laboratory’s mission of advancing biological discovery through research and education.

“Education has been central to the MBL’s mission since our founding in 1888,” said Nipam H. Patel, Director of the MBL. “Nicole brings a remarkable combination of scientific expertise, educational leadership, and strategic vision. Her commitment to experiential learning and developing innovative educational programs makes her an outstanding addition to our leadership team as we work to magnify the MBL’s educational impact for the next generation of scientists. “

Theodosiou has maintained a longstanding connection to the MBL throughout her career. She participated in the Laboratory’s Gene Regulatory Networks course in 2015, collaborated with the Marine Resource Center in support of her research, and has mentored students who have participated in MBL educational programs. She has described the MBL’s educational ecosystem as “unparalleled” and its tradition of learning by doing as closely aligned with her own philosophy of science education.

“The MBL has always been a place where scientific discovery and education go hand in hand,” said Theodosiou. “Its tradition of learning by doing and global community has inspired generations of researchers, including myself. I’m honored to join the MBL community and look forward to strengthening and building on its extraordinary legacy to inspire and train the next generation of scientists. “

Theodosiou earned a Ph.D. in Genetics from Yale University and a bachelor’s degree in biology from Swarthmore College. Her research as a developmental biologist has focused on vertebrate evolution and development, while her educational leadership has emphasized creating accessible, research-driven learning environments that integrate science, education, and communication.

About the Marine Biological Laboratory

The Marine Biological Laboratory (MBL) is dedicated to scientific discovery—exploring fundamental biology, understanding biodiversity and the environment, and informing the human condition through research and education. Founded in Woods Hole, Massachusetts, in 1888, the MBL is a private, nonprofit institution.

Media Contact:
Samantha Cummis
Scummis@mbl.edu
973-800-4118

View original content to download multimedia:https://www.prnewswire.com/news-releases/marine-biological-laboratory-appoints-nicole-a-theodosiou-as-burroughs-wellcome-director-of-education-302833514.html

SOURCE Marine Biological Laboratory

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Marine Biological Laboratory Appoints Nicole A. Theodosiou as Burroughs Wellcome Director of Education

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WOODS HOLE, Mass., July 23, 2026 /PRNewswire/ — The Marine Biological Laboratory (MBL) has appointed Nicole A. Theodosiou, Ph.D., as its next Burroughs Wellcome Director of Education at the Marine Biological Laboratory. She will join the MBL on September 8.

Theodosiou brings more than two decades of experience in science education, academic leadership, and program development. She joins the MBL from Union College in Schenectady, New York, where she held a number of leadership roles focused on curriculum innovation, faculty development, and undergraduate STEM education. Most recently, she served as Special Projects Director for Initiatives in Pedagogy & Course Design. Previously, she directed the Howard Hughes Medical Institute Inclusive Excellence Initiative, led the Biochemistry Program, and served as a faculty member in the Department of Biology.

Throughout her career, Theodosiou has developed interdisciplinary educational programs, led faculty development initiatives, and advanced innovative approaches to teaching and learning. She is a member of the Society for Developmental Biology Academy and served on the Society’s Board of Directors as chair of its Professional Development and Education Committee, where she helped create professional development programs and educational resources for scientists nationwide.

At the MBL, Theodosiou will lead the institution’s educational programs, including its internationally renowned Advanced Research Training Courses (ARTCs), undergraduate and high school programs, and other educational initiatives that support the Laboratory’s mission of advancing biological discovery through research and education.

“Education has been central to the MBL’s mission since our founding in 1888,” said Nipam H. Patel, Director of the MBL. “Nicole brings a remarkable combination of scientific expertise, educational leadership, and strategic vision. Her commitment to experiential learning and developing innovative educational programs makes her an outstanding addition to our leadership team as we work to magnify the MBL’s educational impact for the next generation of scientists. “

Theodosiou has maintained a longstanding connection to the MBL throughout her career. She participated in the Laboratory’s Gene Regulatory Networks course in 2015, collaborated with the Marine Resource Center in support of her research, and has mentored students who have participated in MBL educational programs. She has described the MBL’s educational ecosystem as “unparalleled” and its tradition of learning by doing as closely aligned with her own philosophy of science education.

“The MBL has always been a place where scientific discovery and education go hand in hand,” said Theodosiou. “Its tradition of learning by doing and global community has inspired generations of researchers, including myself. I’m honored to join the MBL community and look forward to strengthening and building on its extraordinary legacy to inspire and train the next generation of scientists. “

Theodosiou earned a Ph.D. in Genetics from Yale University and a bachelor’s degree in biology from Swarthmore College. Her research as a developmental biologist has focused on vertebrate evolution and development, while her educational leadership has emphasized creating accessible, research-driven learning environments that integrate science, education, and communication.

About the Marine Biological Laboratory

The Marine Biological Laboratory (MBL) is dedicated to scientific discovery—exploring fundamental biology, understanding biodiversity and the environment, and informing the human condition through research and education. Founded in Woods Hole, Massachusetts, in 1888, the MBL is a private, nonprofit institution.

Media Contact:
Samantha Cummis
Scummis@mbl.edu
973-800-4118

View original content to download multimedia:https://www.prnewswire.com/news-releases/marine-biological-laboratory-appoints-nicole-a-theodosiou-as-burroughs-wellcome-director-of-education-302833514.html

SOURCE Marine Biological Laboratory

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Canada’s investment industry and business community welcome Ontario’s commitment to join regulatory passport system

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Industry, business, and professional associations voice strong support for greater regulatory harmonization and a more competitive Canadian economy

TORONTO, July 23, 2026 /CNW/ — Canada’s investment industry and business community welcome Ontario’s commitment to join the country’s securities regulatory passport system, marking a significant step toward greater regulatory harmonization and a more efficient and competitive Canadian capital market.

A coalition of associations representing firms and professionals from across Canada’s capital markets sector, together with a broad cross-section of the business community, strongly supports the announcement by Ontario Finance Minister Peter Bethlenfalvy at the recent meeting of Canada’s finance ministers, convened by Federal Finance Minister Francois-Philippe Champagne, and supported by their provincial and territorial counterparts.

Ontario’s participation in the passport system will make it easier for firms to operate and raise capital across Canada, while reducing unnecessary regulatory duplication and costs. More broadly, it advances the national effort to remove internal trade barriers, boost productivity and strengthen Canada’s economic competitiveness.

The passport system has already demonstrated that greater regulatory coordination can be achieved while respecting provincial jurisdiction. Participating regulators retain their authority and distinct roles, while firms benefit from a system in which decisions made by a principal regulator are generally recognized across participating jurisdictions.

Ontario’s participation creates an opportunity not only to reduce duplication but also to strengthen the system as a whole. A more integrated model can better leverage the expertise and capabilities of regulators across the country, creating opportunities for greater regulatory specialization and leadership in areas where individual jurisdictions have particular strengths.

For firms, greater harmonization means more predictable regulation, less duplication, and a more efficient regulatory environment. For investors, it supports a framework that maintains strong investor protection while responding more effectively to an increasingly complex and competitive global marketplace. For Canada, it helps create a more attractive environment in which to invest, launch new products and raise capital.

This coalition stands ready to work with governments and securities regulators across Canada to support Ontario’s timely and successful implementation of the passport system and build on the progress already made. We encourage all parties to move quickly to bring Ontario into the existing framework, while preserving the features that have made the passport system work so effectively.

Ontario’s commitment is a milestone and an important step toward a more integrated, efficient and competitive capital market that will strengthen the Canadian economy and better serve Canadian investors and businesses.

About the coalition

The Canadian Bankers Association (CBA) is the voice of more than 60 domestic and foreign banks that help drive Canada’s economic growth and prosperity. The CBA advocates for public policies that contribute to a sound, thriving banking system to ensure Canadians can succeed in their financial goals. 

The Canadian ETF Association (CETFA) is the national voice of Canada’s ETF industry, representing approximately 96 per cent of exchange traded fund (ETF) assets in Canada. CETFA promotes the growth, sustainability and integrity of Canada’s ETF industry. It keeps investment professionals informed about ETF developments, educates investors about ETFs and their benefits, and debunks ETF myths.

CFA Societies Canada is a collaboration of the 12 Canadian CFA Institute member societies, representing over 21,000 CFA charter holders in Canada. Its mission is to lead the investment profession in Canada by advancing the highest professional standards, integrity, and ethics for the ultimate benefit of Canadian society.

Chartered Professional Accountants of Canada (CPA Canada) is one of the most influential accounting organizations in the world. As a non-regulatory body comprised of individual CPA members, CPA Canada supports the profession and represents Canadian CPAs at the national and international levels. Nationally, CPA Canada acts in the public interest to promote transparency in financial markets, prepares CPAs for a rapidly evolving business environment through extensive guidance and programming and contributes to standard setting and policy making. Globally, CPA Canada works together with international bodies to build a stronger accounting profession worldwide. Its dedicated efforts help shape public policy, influence regulatory frameworks and establish high professional standards that reflect the evolving needs of the accounting industry.

The Alternative Investment Management Association (AIMA) is the global representative of the alternative investment industry, with around 2,100 corporate members in over 60 countries. AIMA’s fund manager members collectively manage more than US$4 trillion in hedge fund and private credit assets. AIMA draws upon the expertise and diversity of its membership to provide leadership in industry initiatives such as advocacy, policy and regulatory engagement, educational programs and sound practice guides. AIMA works to raise media and public awareness of the value of the industry. AIMA set up the Alternative Credit Council (ACC) to help firms focused in the private credit and direct lending space. The ACC currently represents over 250 members that manage US$2 trillion of private credit assets globally. AIMA is committed to developing skills and education standards and is a co-founder of the Chartered Alternative Investment Analyst designation (CAIA) – the first and only specialized educational standard for alternative investment specialists. AIMA is governed by its Council (Board of Directors). AIMA was founded in 1990, with the AIMA Canada subsidiary formed in 2003.

The Ontario Chamber of Commerce (OCC) is the indispensable partner of business and Canada’s largest, most influential provincial chamber. It is an independent, non-profit advocacy and member services organization representing a diverse network of 60,000 members. The OCC convenes, mobilizes and empowers business and local chambers in pursuit of its purpose: to bring inclusive and sustainable prosperity to Ontario’s businesses, workers, and communities.

The Pension Investment Association of Canada (PIAC) has been the foremost voice for Canadian pension funds in matters related to pension investment and governance since 1977. PIAC is composed of over 130 of the largest pension plans in the country who manage over $3.5 trillion of assets on behalf of millions of Canadians. Its mission is to promote sound investment practices and good governance for the benefit of plan sponsors and beneficiaries.

The Portfolio Management Association of Canada (PMAC) represents over 300 asset management firms that manage more than $4 trillion in assets. Members are all fiduciaries managing investments in the best interests of their clients, which include private individuals, foundations, universities and pension plans. PMAC employs a collaborative information-sharing business model and advocates on behalf of its members on securities regulation and government policy matters. The association’s mission is to advocate the highest standards of unbiased portfolio management in the interest of investors served by members.

The Securities and Investment Management Association (SIMA) empowers Canada’s investment industry. The association, formerly The Investment Funds Institute of Canada (IFIC), is the leading voice for the securities and investment management industry, which oversees approximately $4.5 trillion in assets for over 20 million investors and the Canadian capital markets. Our members–including investment fund managers, investment and mutual fund dealers, capital markets participants, and professional service providers–are committed to creating a resilient, innovative investment sector that fuels long-term economic growth and creates opportunities for all Canadians.

SOURCE Securities and Investment Management Association

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