In a recent progress
report (the Report), the TSX Venture Exchange (TSXV)
has provided an update to the initiatives outlined in its December
2015 white paper which detailed a revitalization plan for the
exchange. The Report was released following a series of town hall
meetings hosted by the TSXV.
In addressing the TSXV's commitment to reducing clients'
administrative and compliance costs, the TSXV has, among other
things, made automated online filings available for private
placement transactions and it is expected that additional online
filings and electronic payments will be developed. In addition,
policy revisions with respect to the TSXV's sponsorship and
shareholder approval requirements are expected to be filed with the
regulators for approval in the first half of 2016. Relatedly, one
of the revisions that will be filed for approval, which was first
announced in a TSXV
Bulletin dated March 30, 2015, is the waiver in
certain circumstances of the shareholder
