Advocacy: Modernizing PPSR in Ontario
- April 5, 2023 - Featured Content Area
The latest:
On Wednesday, April 12, our President & CEO, Michael Rothe, met with the Chief of Staff to Ontario's Premier to discuss and move PPSR modernization forward.
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What’s the issue?
The Ontario PPSA registration system is outdated, expensive, fraud-prone, and paper-driven. We started to lobby the government in early 2020 for a modern PPSR system that would reduce members' costs.
What’s our principal request?
Ontario needs to adopt a new digital PPSA registration system.
What else has the CFLA done this year on PPSR?
1. In February, we made an official pre-budget submission recommending the Ontario government adopt a modernized Personal Property Security Registration (PPSR) system for data collected under the Personal Property Security Act (PPSA).
2. In March, we met with the Chief of Staff and policy staff at the Ministry of Public and Business Service Delivery to continue advocating for a modern and digital PPSR system in Ontario.
3. In April, the Government of Ontario proposed amendments to the Personal Property Security Act to permit the use of technology to inspect security agreements. If passed, the amendments come into force on October 1, 2023.
Where do we stand?
We're currently engaged with the Premier's Office, the Ministry of Red Tape Reduction, and the Ministry of Public and Business Service Delivery to move this initiative forward.
More information:
Contact Marcel Buerkler, CFLA Director of Policy, if you have any questions or comments about an advocacy issue.