Securities regulators in Ontario, Quebec, and France have signed off on the Agreement to facilitate the cross-listing of securities in France and Canada between the Ontario Securities Commission and the Autorité des marchés financiers of Québec and the Autorité des marchés financiers of France (the Agreement) which will permit the initial cross-listing of securities on an exchange, by way of prospectus, in Canada and France.
The participating jurisdictions are the Ontario Securities Commission (OSC), the Autorité des marchés financiers in Québec (AMF Québec and the Autorité des Marchés Financiers in France (AMF France).
Under the Agreement, Canadian and French companies seeking to cross-list their securities in France and Canada by way of a prospectus will have to comply with the regulatory requirements of both countries and applicable exchange requirements. The agreement does not provide regulatory relief. However, Canadian and French companies will benefit from increased support and assistance from the AMF Québec, OSC and AMF France throughout the prospectus review process.
Agreement to facilitate the cross-listing of securities in France and Canada between the Ontario Securities Commission and the Autorité des marchés financiers of Québec and the Autorité des marchés financiers of France is available for download from the websites of the participating jurisdictions.
For more information, please call Barbara Hendrickson at BAX Securities Law (647) 403-4606.
This publication is not intended to constitute legal advice. No one should act on it or refrain from acting on it without consulting with a lawyer. BAX does not warrant or guarantee the accuracy or currency or completeness of the publication. No part of this publication may be reproduced without the prior written permission of BAX Securities Law.