Stock Market|CNSX-Canadian National Stock Exchange: Issuer Policies

A clear benefit to emerging companies that trade on CNSX are simple yet concise policies that make it easy for small-cap enterprises to compete in this dynamic new stock exchange.

Directors and officers of companies interested in trading on CNSX are invited to download and read the following Issuer Policies, which outline the requirements for listing on CNSX.

We thank you for your interest and look forward to seeing your company on CNSX.
Please contact Radhika Ramkarran or phone (416) 572-2000, ext. 2435 for more information.

Electronic copies in MS Word format are also available upon request.

Related Downloadable Files

	Policy 4 - Corporate Governance And Miscellaneous Provisions
	[36,731 bytes]
	Policy 2-Qualification for Listing
	[118,954 bytes] CNSX Issuers generally must have a public float of at least 500,000 freely-tradeable shares worth at least $250,000 and consisting of at least 150 public holders with at least a board lot each of the security. These and other requirements to be accepted on CNSX's stock exchange are outlined here.
	Policy 1-Interpretation
	[128,438 bytes] CNSX�s philosophy for a fair and efficient stock exchange that fosters confidence and protects investors from unfair, improper or fraudulent practices is outlined here. Definitions of CNSX terms are also provided.
	Policy 10 - Specialist Securities
	[60,650 bytes] Where the securities to be listed are held out as being in compliance with specific, non-exchange mandated requirements, the Issuer must disclose how it has been established and, if relevant, who has established that the securities are in compliance with the stated requirements.
	Policy 5-Timely Disclosure
	[113,743 bytes] CNSX requires Issuers to provide high quality, immediate disclosure of material information to secondary market participants. In addition, CNSX Issuers must post mandated documents to cnsx.ca. This comprehensive, publicly available disclosure for every CNSX issuer is central to CNSX's stock exchange.
	Policy 3 - Halts, Suspensions and Delistings
	[93,326 bytes] This policy outlines the circumstances under which CNSX will halt, suspend, or disqualify a CNSX Issuer's securities. A halt is generally temporary to allow for the dissemination of material information. Suspensions or disqualifications are imposed because of regulatory concerns, or failure of the Issuer to pay applicable fees.
	Policy 9-Name Change & Share Consolidations
	[97,757 bytes] Upon a change of name of a CNSX Issuer, CNSX may assign a new stock symbol to the CNSX Issuer�s securities at the request of the Issuer or on its own initiative. This Policy sets out requirements for Name Change, Stock Splits, and Share Consolidations.
	Policy 8-Fundamental Changes
	[93,642 bytes] This Policy outlines Fundamental Changes. In broad terms, a fundamental change to a CNSX Issuer effectively results in a new issuer, such that the existing disclosure record cannot be relied upon to fairly value the company�s securities. A fundamental change is treated as an application for listing by the resulting Issuer.
	Policy 7-Transactions
	[98,582 bytes] CNSX defines the term �significant transaction� as any corporate transaction, not involving equity securities, that constitutes material information concerning the CNSX Issuer.
	Policy 6-Distributions
	[109,389 bytes] CNSX issuers must comply with the requirements of this Policy for any distribution of listed securities or any distribution of a security that is exchangeable, exercisable or convertible into a listed security.

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