Multilateral Instrument 11-102 Passport System (MI 11-102) provides a passport in all Canadian jurisdictions but Ontario for continuous disclosure, prospectuses and discretionary exemptions. National Policy 11-202 Process for Prospectus Reviews in Multiple Jurisdictions and National Policy 11-203 — Process For Exemptive Relief Applications In Multiple Jurisdictions set out the processes for the filing and review of prospectuses and exemptive relief applications in multiple jurisdictions, respectively, including Ontario. By using the passport system, a receipt or decision document signed by a principal regulator in one Canadian jurisdiction, can be deemed to be a receipt or decision document from other Securities Regulatory Authorities (other than the Ontario Securities Commission (OSC)) if certain conditions are met, such as filing required documents and fees on SEDAR+ with such other Securities Regulatory Authorities.

For more information, see Practice Note, Securities Laws in Canada: Overview: Passport System.

On June 23, 2016:

The amendments to MI 11-102 expanded the passport system to two new areas: applications to cease to be a reporting issuer and the issuance and revocation (including a variation) of failure-to-file cease trade orders. For more details, see: