Quebec Bourse supports a reduction of the regulatory burden for public companies
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwired) -- 07/27/17 -- Quebec Bourse Inc. has submitted today its comments to the Canadian Securities Administrators (CSA) public consultation aiming at reducing the regulatory burden for public companies.
Stock exchange listed companies are key to our economy. They are subject to a complex regulatory framework which entails significant compliance costs. This is often raised as a major obstacle by companies contemplating an IPO.
We must take a close look at the current regulatory framework and the relevance and appropriateness of all the requirements. There is an urgent need to act if we want a dynamic, efficient stock market that can compete with the other available sources of capital and the early divestiture of companies.
There is a significant imbalance between the regulatory burden, compliance costs and investor protection. Obviously, investor protection must remain a priority. However, today''s regulatory environment has resulted in an overload of information and documentation which does not necessarily serve investors well.
Our main recommendations include:
About Quebec Bourse:
Quebec Bourse Inc. is an association regrouping Quebec public companies and other stakeholders forming the public market ecosystem. Founded officially in 2016, Quebec Bourse counts more than 90 members. Established as the voice of Quebec''s public companies and their key representative in dealing with regulatory and government authorities, Quebec Bourse also aims among other things, to increase members'' visibility, to foster collaboration, networking and exchange of best practices among members.
Contacts:
Louis Doyle
Executive Director
Quebec Bourse
438.394.7328
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Datum: 27.07.2017 - 10:01 Uhr
Sprache: Deutsch
News-ID 1515357
Anzahl Zeichen: 3736
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MONTREAL, QUEBEC
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Investment Opinion
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