11-102, Passport System
Effective date: |
March 17, 2008, except for subsequent amendments |
Published by the CSA: |
January 25, 2008 |
Overview
Under the passport system, market participants can generally gain access to markets across Canada by dealing only with their principal regulator and complying with harmonized legislative provisions. Since the Ontario government has not adopted Regulation 11-102, streamlined interfaces have been developed to ensure that the passport system is as effective as possible for all market participants.
Recent developments
Date |
Development |
Comments |
March 3, 2016 |
On March 3, 2016, the Canadian Securities Administrators (CSA) announced the implementation of amendments that will expand the passport system to (i) allow issuers to file a single application with their principal regulator to cease to be a reporting issuer in all jurisdictions where they have this status; and (ii) allow the automatic application in multiple jurisdictions of cease trade orders resulting from the failure to file continuous disclosure documents. Provided that all necessary Ministerial approvals are obtained, the amendments will come into force on June 23, 2016. |
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Note: The above summary of Recent Developments does not include consequential amendments made as the result of other projects. For details on the history of this Instrument, please refer to the OSC’s Web site. |
Amendments under consideration
- None