CIRO to Hold a Settlement Hearing for PFSL Investments Canada Ltd.

Toronto (ON), February 13, 2026 - A hearing has been scheduled before a hearing panel of the Canadian Investment Regulatory Organization (CIRO) pursuant to the Mutual Fund Dealer Rules to consider a settlement agreement between CIRO Enforcement Staff and PFSL Investments Canada Ltd. (PFSL).

The settlement agreement addresses proposed allegations that PFSL failed to:

1. implement adequate policies and procedures, and internal controls to ensure the authenticity, integrity, and reliability of client signatures collected through its electronic signature platforms,
2. adequately query large and atypical redemptions processed in the accounts of a client,
3. adequately query large and atypical investments made by two of its Approved Persons,
4. implement adequate policies and procedures, and internal controls with respect to the naming of Trusted Contact Persons, and
5. have policies and procedures with respect to Approved Persons accepting appointments as powers of attorney and executors by clients that ensured compliance with the Mutual Fund Dealer Rules (formerly MFDA Rules).

The hearing will become open to the public if the hearing panel accepts the settlement agreement. If the settlement agreement is accepted, the panel’s decision and the settlement agreement will be made available at www.ciro.ca.

Settlement Hearing Date: March 26, 2026, at 2:30 p.m. (Eastern Time)

Members of the public who would like to obtain further particulars should fill out this form.

The Notice of Settlement Hearing announcing the settlement hearing is available at:

PFSL Investments Canada Ltd. - Notice of Settlement Hearing

PFSL has been a Mutual Fund Dealer Member in all provinces and territories in Canada since January 2022.