The Ontario Securities Commission (OSC), Autorité des marchés financiers in Québec (AMF Quebec), and Autorité des Marchés Financiers in France (AMF France) have agreed to support the initial cross-listing of securities on an exchange via a prospectus in Canada and France.
According to the OSC’s news release, under the recently executed agreement, the three securities regulators will launch a collaborative process to enable dialogue and share information.
“Co-operation and information sharing across global jurisdictions is important to facilitate the regulation of cross-listed issuers,” said Grant Vingoe, the OSC’s chief executive officer. “This agreement is another way we can support Canadian issuers by opening up new possibilities.”
The agreement requires Canadian and French organizations interested in cross-listing their securities in France and Canada through a prospectus to fulfill both countries’ regulatory and applicable exchange requirements.
Per the OSC’s news release, while the agreement offers no regulatory relief, Canadian and French companies can access more support and assistance from the three regulators across the prospectus review process.
“Canada’s capital markets are navigating a period of rapid change shaped by global economic uncertainty,” said Yves Ouellet, president and CEO of AMF Quebec. “In this context, the AMF Québec and OSC continue supporting the competitiveness of Canada’s capital markets, keeping with the commitment taken by the Canadian Securities Administrators in April 2025.”
Words from head of French regulator
Marie-Anne Barbat-Layani, chair of AMF France, emphasized the importance of the new agreement, which aims to affirm the French regulator’s relationships with its counterparts in Ontario and Quebec and help the Paris financial centre stay competitive.
“In recent years, the AMF France has demonstrated its ability to support the attractiveness of the French capital markets, which is one of our key strategic priorities,” Barbat-Layani said. “We pursue this ambition by promoting the French vision of a financial system that is robust, resilient, innovative and competitive, attentive to investor protection and geared towards financing the economy.”
According to the OSC’s news release, AMF France is an independent public authority that seeks to help safeguard savings invested in financial products, provide investors with sufficient information, and oversee orderly market operations.