Friday April 17 2015
News Source: Global Exchanges
Focus: Trading Rules
Type: General
Country: Canada
Link: http://www.securities-administrators.ca/aboutcsa.aspx?id=1347
The Canadian Securities Administrators (CSA) has published proposals to further expand the passport system to two new areas: applications to cease to be a reporting issuer and cease trade orders resulting from the failure to file continuous disclosure documents.
The proposals streamline processes in these areas and include amendments to Multilateral Instrument 11-102 Passport System for CSA members in passport jurisdictions, as well as the introduction of two new proposed national policies for adoption by all CSA members.
Under the passport system, market participants can generally gain access to markets across Canada by dealing only with their principal regulator and complying with harmonized legislative provisions. Since the Ontario government has not adopted the passport rule, streamlined interfaces have been developed to ensure that the passport system is as effective as possible for all market participants.
The comment period is open until 15th June 2015.
Click on the link above for further details.