On June 7, 2012, the Bolsa de Valores de Columbia (“BVC”), Toronto Stock Exchange (“TSX”), and TSX Venture Exchange (“TSX-V”) announced the execution of a Memorandum of Understanding (“MOU”) to promote cooperation among the securities markets in Columbia and Canada.
Under the MOU, the BVC, TSX and TSX-V will exchange certain information and undertake specific activities to facilitate the dual listing of companies in Columbia and Canada and assist one another in understanding the regime, process and rules for listing and trading securities in their respective jurisdictions.
Juan Pablo Cordoba, President of the BVC noted that the MOU “seeks to bring together Columbian and Canadian markets” while Ungad Chadda, Senior Vice President of the Toronto Stock Exchange remarked that “we are extremely pleased to add this MOU to our well-established commitment to the Latin American Region.”
As of April 30, 2012, five companies were dually listed on the TSX and the BVC. A total of 19 companies listed on the TSX and 43 companies listed on the TSX-V have operations in Columbia.