Toronto Stock Exchange and TSX Venture Exchange Seek Public Comment on Listing Guidelines for Emerging Market Issuers
December 17, 2012 (TORONTO) – Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) today published a joint Consultation Paper on Emerging Market Issuers. The Consultation Paper examines the risks associated with listings from emerging markets and solicits feedback on possible measures being considered to complement existing and well-established guidelines, rules and standards at TSX and TSXV.
Kevan Cowan, President, TSX Markets and Group Head of Equities, TMX Group, said:
“Our primary objective is to maintain and enhance our strong global reputation as an operator of quality exchanges. As emerging economies expand and global capital flows increase, issuers from these markets will continue to seek a Canadian listing to help fund growth and innovation. The integrity of our markets requires all issuers, regardless of their location, to adhere to the same high standards. We are committed to working with issuers, securities regulators as well as a broad group of stakeholders who share a combined responsibility to promote integrity and investor confidence in Canadian markets.”
The Consultation Paper was developed with extensive input received from market participants, listed issuers, advisors, other stakeholders and regulatory organizations. It is intended to support work being conducted by regulatory organizations, the primary authorities overseeing reporting issuers, including the Ontario Securities Commission Issuer Guide for Companies Operating in Emerging Markets (Staff Notice 51-720) published in November of this year.
Comments are being solicited in areas such as emerging market issuer management, corporate governance, financial reporting, internal controls, related party transactions and sponsorship requirements, among others. The comment period will continue to February 28, 2013.
The Consultation Paper on Emerging Market Issuers can be found at: http://www.tmx.com/en/pdf/Joint-Consultation-Paper.pdf
For more information on the rules, regulations and procedures governing Toronto Stock Exchange issuers, please visit:
For more information on the rules and regulations and procedures governing TSX Venture Exchange issuers, please visit: http://www.tmx.com/en/listings/venture_issuer_resources/index.html
About TMX Group
TMX Group's key subsidiaries operate cash and derivative markets for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Alpha Group, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, Natural Gas Exchange, Boston Options Exchange, Shorcan, Shorcan Energy Brokers, Equicom and other TMX Group companies provide listing markets, trading markets, clearing facilities, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across Canada (Montreal, Calgary and Vancouver), in key U.S. markets (New York, Houston, Boston and Chicago) as well as in London, Beijing and Sydney. For more information about TMX Group, visit our website at www.tmx.com. Follow TMX Group on Twitter at http://twitter.com/tmxgroup.
For more information please contact:
Director, Corporate Communications