Toronto Stock Exchange Issues Guidance for Emerging Market Issuers
|Area||Corporate Finance and Securities|
The Toronto Stock Exchange (TSX) has published a staff notice (the “Staff Notice”) to provide guidance to applicants and issuers with a significant connection to emerging market jurisdictions (“Emerging Market Issuers”). The Staff Notice is further to a joint Consultation Paper on Emerging Market Issuers published by the TSX and TSX Venture Exchange on December 17, 2012 (see our December 20, 2012 Update, Toronto Stock Exchange and TSX Venture Exchange Seek Public Comment in Ongoing Review of Emerging Market Issuers). The purpose of the Staff Notice is to improve transparency in respect of TSX practices and procedures, and provide a better understanding of the TSX listing requirements, relating to Emerging Market Issuers.