Canada and France Regulators Agree Framework for Cross-Listing Approvals

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The securities regulators in Québec, Ontario and France have signed anagreement to support cross-listings of securities between Canada and France.SingaporeSummit: Meet the largest APAC brokers you know (and those you still don't!).The agreement involves the Autorité des marchés financiers in Québec, theOntario Securities Commission and the Autorité des Marchés Financiers inFrance.RegulatorsLaunch Cross-Listing Coordination ProcessThe framework is intended to support initial cross-listings throughprospectuses. It establishes a cooperative process aimed at improving dialogueand information sharing between the three regulators.Yves Ouellet, President and CEO of AMF Québec, said Canada’s capitalmarkets are “navigating a period of rapid change shaped by global economicuncertainty.” He added that the AMF Québec and OSC continue to supportcompetitiveness in Canadian markets, in line with commitments made by theCanadian Securities Administrators in April 2025.OSCAMF Detail Market MandatesCompanies seeking to list securities in both jurisdictions will stillneed to comply with all applicable regulatory and exchange requirements. Theagreement does not introduce regulatory relief. Instead, it focuses oncoordination during the prospectus review process and provides increasedregulatory support.OSC CEO Grant Vingoe said cooperation between jurisdictions is importantfor cross-listed issuers. He said the agreement is “another way we can supportCanadian issuers by opening up new possibilities.”The AMF Québec said it regulates insurance, securities, derivatives,financial product distribution, deposit institutions, mortgage brokerage andcredit assessment, with a mandate to maintain market integrity and publictrust.The OSC said its mandate includes investor protection, fair and efficientmarkets, capital formation and financial system stability.AMFFrance Highlights Market Protection RoleThe AMF France said it is responsible for protecting savings invested infinancial products, ensuring investor information and supervising marketoperations.AMF France Chair Marie-Anne Barbat-Layani said the agreement reflectsefforts to support the attractiveness of French capital markets. She said itconfirms “the competitiveness of the Paris financial centre” and highlightsrelations with Canadian regulators. She also said the authority aims to promotea financial system while maintaining investor protection and supportingfinancing of the economy.This article was written by Tareq Sikder at www.financemagnates.com.