Interlisted issuers eligible for broader exemptions from TSX Company Manual requirements

September 14, 2015

Effective September 10, 2015, the Toronto Stock Exchange (TSX) Company Manual was amended to expand exemptions available for interlisted issuers from TSX Company Manual requirements relating to acquisitions, financings and corporate governance.

Under these amendments, issuers listed on exchanges such as the NYSE, NASDAQ, LSE, AIM, the Australian Stock Exchange and the Hong Kong Stock Exchange will be able to apply for exemptions from the application of TSX rules, including the TSX’s rules on rights offerings, provided that certain conditions are satisfied.

We previously wrote about these amendments in January 2015 when they were proposed.  For further information, please see the Notice of Approval published by the Ontario Securities Commission.

 

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