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

Expansion of the Passport System

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.

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

Correction list for hyphenation

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