The Canadian Securities Exchange is an exchange designed specifically to meet the needs of public companies and investors. Streamlined issuer regulation is made possible by the CSE requirement for enhanced disclosure. With practical and effective regulatory oversight and modern technology, the CSE provides an efficient stock exchange that fosters integrity, transparency and liquidity.
Benefits to the CSE-listed companies
- Streamlined regulatory model - no transactional reviews/approvals/fees
- No mandatory sponsorship requirements to obtain a listing
- An automated, regulated and transparent market
- Visibility for listed companies
- A model that attracts dealer participation
- Competitive fees for issuers
Visibility on thecse.com
- Provides a centralized resource for dynamic information about the CSE listed companies/dealers, the CSE market data and exchange information
- Listed Company pages in the Securities Directory provide widespread visibility for issuers and easy access to information
- The CSE listed companies can quickly, securely and cost-effectively provide investors with all required disclosure documentation
- Quotes and current trading activity and historical trade data
- Market depth (displays by order and by price), largest increases/decreases, top ten issues, market summaries of daily, weekly, and monthly CSE trading activity
- An automated exchange that allows immediate execution
- Central Limit Order Book - focuses available liquidity
- Trading system displays full depth of market
- Quotes, market depth (displays by price and by order) and current trading information are all available at thecse.com
- real-time data is available from all major data vendors
- Enhanced disclosure by listed companies immediately available to investors on thecse.com
- CNSX Markets Inc., the operator of the CSE, is recognized by the Ontario Securities Commission (OSC) and exempt or authorized in other provinces.
- Investment Industry Regulatory Organization of Canada (IIROC) provides market surveillance and regulatory oversight
- Issuers must remain in good standing in any Canadian jurisdiction and comply with the CSE Policies
- Dealers must be IIROC members in good standing and adhere to Universal Market Integrity Rules and the CSE Requirements
- To qualify for listing the company must be a Reporting Issuer in good standing in any Canadian jurisdiction. Once listed on the CSE issuers automatically become reporting issuers in Ontario
- Issuers must meet the minimum standards for listing outlined in CSE Policy 2 - Qualification for Listing
- Listed companies are bound by the Listing Agreement to follow the policies and rules of the CSE.
- Report and file documents as required by applicable securities law (remain in good standing in each reporting province)
- Post required disclosure documents and forms at www.thecse.com
- Provide monthly activity reports and periodically certify that the Issuer is in compliance with applicable securities law
- Pay the monthly maintenance fee
- Update the Listing Statement on an annual basis
If a listed company fails to meet these requirements, the shares may be suspended from trading as per Policy 3.
For companies that wish to list on the CSE, Forms 1-4 must be completed and submitted with a cheque for $3,500 (non-refundable) plus GST/HST. The balance of $10,000 plus GS/HST may be paid following the CSE approval, prior to listing.