Most important capital markets news last week was the one few noticed
· Calgary Herald
AI Briefing
- • Ontario agrees to join Canada's securities passport system for company clearing.
- • The arrangement allows companies to clear with their home regulator, not necessarily Canada's.
- • This shift is considered one of the more consequential in Canadian capital markets in recent time.
Context
Ontario has agreed to join the country's securities passport system. This system allows a company to clear its home regulator and then raise capital in other provinces. The move marks a significant shift in Canadian capital markets.
The development matters because it represents a consequential change in the way companies operate in Canadian capital markets. The shift has the potential to impact how businesses raise capital and interact with regulators across the country.
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