TSX Announces Approval of Rule Changes for Interlisted Issuers
|Area||Corporate Finance and Securities|
The Toronto Stock Exchange (TSX) has adopted amendments to its Company Manual (the “Amendments”) that expand exemptions available to issuers that list on the TSX and one or more other exchanges (“Interlisted Issuers”). According to the TSX, a significant number of issuers, whether incorporated in Canada or in a foreign jurisdiction, are interlisted on the TSX and another market as a means to, among other things, increase their access to capital, enhance the liquidity of their securities and broaden their investor base. The Amendments, which were published for comment earlier this year (see our January 26, 2015 Update, TSX Proposes Amendments to Rules for Interlisted Issuers and Voluntary Delisting), became effective on September 10, 2015.