TORONTO, Dec. 17, 2012 /CNW/ - 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
"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 (TSX:X)
TMX Group's key subsidiaries operate cash and derivative markets and
clearinghouses 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
Options Exchange, Shorcan, Shorcan Energy Brokers, Equicom and other TMX
Group companies provide listing markets, trading markets, clearing
facilities, depository services, 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.
SOURCE: TMX Group Inc.
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Director, Communications and Public Affairs