Summary
On April 12, 2019, the Toronto Stock Exchange (TSX) issued
TSX Staff Notice 2019-0002 providing guidance with respect
to its exercise of discretion in listing decisions and introducing
and setting out the framework for its exercise of that discretion;
an initiative the TSX refers to as the "TSX Sandbox".
The TSX Sandbox is the TSX's regulatory sandbox created to
facilitate listing applications for issuers that may not otherwise
satisfy the listing guidelines set out in the TSX Manual but may
warrant a listing or an exemption from certain listing requirements
due to unique factors. It also will allow the TSX to efficiently
test and develop new policy initiatives outside of its standard
regulatory framework and explore novel financings for existing
issuers.
