The Multijurisdictional Disclosure System is a system developed by the U.S. Securities and Exchange Commission and the Canadian securities regulatory authorities that enables a very different regulatory regime for Canadian issuers.
This system eliminates major hurdles for qualifying Canadian companies to register an offering of securities in the U.S. under the Securities Act of 1933, as amended (the “Securities Act”) or become a reporting company with the SEC by registering a class of securities under the Securities Exchange Act of 1934, as amended, (the “Exchange Act”).
Originally published in Law360 on October 31st, 2013.
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