Toronto Stock Exchange (“TSX“) and TSX Venture Exchange (“TSXV“) (collectively, the “Exchanges“) are in the process of reviewing their respective listing requirements applicable to issuers with a significant connection to an emerging market jurisdiction (“Emerging Market Issuers“). The Exchanges have released a consultation paper (“Consultation Paper“) as a part of a review of the listing requirements applicable to Emerging Market Issuers. The TSXV is also soliciting comments and feedback on a proposed TSXV policy document, Appendix 2B – Listing of Emerging Market Issuers (“TSXV Emerging Market Issuer Policy“). For the purposes of this Consultation Paper and the TSXV Emerging Market Issuer Policy, an emerging market jurisdiction means any jurisdiction outside of Canada, the United States, Western Europe, Australia and New Zealand.
TSX Considers Rules for Issuers with Connections to Emerging Markets
By Legal Newsletters | BC's Law Firm for Business | Clark Wilson LLP of Clark Wilson on February 26th, 2013