Kladko <BKladko@bcsc.bc.ca>
Subject: BC Securities Commission News Release: BCSC takes on directoversight of Canadian Securities Exchange
PLAIN TEXT:
https://www.bcsc.bc.ca/News/News_Releases/2019/28_BCSC_takes_on_direct_oversight_of_Canadian_Securities_Exchange/
BCSC takes on direct oversight of Canadian Securities Exchange
Vancouver - The British Columbia Securities Commission (BCSC) will join the Ontario Securities Commission in overseein
--->g the Canadian Securities Exchange (CSE), bringing the BCSC's venture market focus to regulation of an exchange domina
--->ted by B.C.-based, early-stage companies.
The CSE has grown in the past few years, driven largely by cannabis listings, and now has about 500 companies trading
--->shares on its platform. With the legalization of cannabis in Canada and in some U.S. states, CSE market capitalization
---> has risen dramatically in the last two years.
"The B.C. Securities Commission brings extensive knowledge and experience to the public venture markets by virtue of i
--->ts long history regulating the junior mining sector and overseeing the TSX Venture Exchange with the Alberta Securitie
--->s Commission," said Brenda Leong, the BCSC's Chair and Chief Executive Officer. "We believe we can add significant val
--->ue to supporting venture financing on CSE and managing issues unique to early-stage companies."
"We look forward to collaborating with the Ontario Securities Commission to oversee the CSE," said Peter Brady, BCSC's
---> Executive Director.
"The Canadian Securities Exchange is home to a large number of public companies domiciled in British Columbia," said R
--->ichard Carleton, Chief Executive Officer of the CSE. "We will continue to work closely with our colleagues from the Br
--->itish Columbia Securities Commission to enhance our collective investor protection efforts and access to capital for B
--->.C.-based entrepreneurs."
About the British Columbia Securities Commission (www.bcsc.bc.ca<http://www.bcsc.bc.ca>)
The British Columbia Securities Commission is the independent provincial government agency responsible for regulating
--->capital markets in British Columbia through the administration of the Securities Act. Our mission is to protect and pr
--->omote the public interest by fostering:
* A securities market that is fair and warrants public confidence
* A dynamic and competitive securities industry that provides investment opportunities and access to capital
Media Contact:
Brian Kladko
604-899-6713
Public inquiries:
604-899-6854 or 1-800-373-6393 (toll free)
inquiries@bcsc.bc.ca<mailto:inquiries@bcsc.bc.ca>
Learn how to protect yourself and become a more informed investor at www.investright.org<http://www.investright.org/>
[cid:image001.jpg@01D4FC18.726E6880]
Brian Kladko
Manager, Media Relations and Public Affairs
British Columbia Securities Commission
1200 - 701 West Georgia Street
Vancouver, BC V7Y 1L2
Tel: 604-899-6713
Mobile: 604-671-6910
www.bcsc.bc.ca<http://www.bcsc.bc.ca/>
Email: bkladko@bcsc.bc.ca<mailto:%20bkladko@bcsc.bc.ca>
Find Us on: Twitter<https://twitter.com/BCSCInvestRight> | Facebook<https://www.facebook.com/BCSCInvestRight> | YouTub
--->e<https://www.youtube.com/user/BCSCInvestRight>
[cid:image002.jpg@01D4FC18.726E6880]Please consider the environment before printing this email
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If this message is not meant for you, do not use it - please let us know, and then delete it. We try hard to keep our
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<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:normal">
<a href="https://www.bcsc.bc.ca/News/News_Releases/2019/28_BCSC_takes_on_direct_oversight_of_Canadian_Securities_Excha
--->nge/">https://www.bcsc.bc.ca/News/News_Releases/2019/28_BCSC_takes_on_direct_oversight_of_Canadian_Securities_Exchange
--->/</a><b><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p></o:p></span></b></p>
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:norma
--->l">
<b><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></b></p>
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:norma
--->l">
<b><span style="font-size:12.0pt;font-family:"Times New Roman",serif">BCSC takes on direct oversight of Cana
--->dian Securities Exchange<o:p></o:p></span></b></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:normal">
<span style="font-size:12.0pt;font-family:"Times New Roman",serif">  
--->; &nb
--->sp; &
--->nbsp;  
--->;
<o:p></o:p></span></p>
<p style="margin:0in;margin-bottom:.0001pt;line-height:16.2pt"><span class="bumpedfont15"><b>Vancouver</b> - 
--->;The British Columbia Securities Commission (BCSC) will join the Ontario Securities Commission in&
--->nbsp;overseeing the Canadian Securities Exchange (CSE),
bringing the BCSC's venture market focus to regulation of an exchange dominated by B.C.
--->-based, early-stage companies.</span><o:p></o:p></p>
<p style="margin:0in;margin-bottom:.0001pt;line-height:16.2pt"><o:p> </o:p></p>
<p style="margin:0in;margin-bottom:.0001pt;line-height:16.2pt"><span class="bumpedfont15">The CSE has grown&
--->nbsp;in the past few years, driven largely by cannabis listings, and now has about 500 companies trading sha
--->res on its platform. With the legalization of
cannabis in Canada and in some U.S. states, CSE market capitalization has risen dramatically in the last tw
--->o years.</span><o:p></o:p></p>
<p style="margin:0in;margin-bottom:.0001pt;line-height:16.2pt"><br>
<span class="bumpedfont15">"The B.C. Securities Commission brings extensive knowledge and experience to the public ven
--->ture markets by virtue of its long history regulating the junior mining sector and overseeing the TSX Venture Exc
--->hange with the Alberta Securities
Commission," said Brenda Leong, the BCSC's Chair and Chief Executive Officer. "We believe we can add s
--->ignificant value to supporting venture financing on CSE and </span>managing issues unique to early
--->-stage companies."<o:p></o:p></p>
<p style="margin:0in;margin-bottom:.0001pt;line-height:16.2pt"><o:p> </o:p></p>
<p style="margin:0in;margin-bottom:.0001pt;line-height:16.2pt"><span class="bumpedfont15">"We look forward to collabor
--->ating with the Ontario Securities Commission to oversee the CSE," said Peter Brady, BCSC's Executive Director.<o:
--->p></o:p></span></p>
<p style="margin:0in;margin-bottom:.0001pt;line-height:16.2pt"><o:p> </o:p></p>
<p style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;line-height:16.2pt">
"The Canadian Securities Exchange is home to a large number of public companies domiciled in British Columbia," said R
--->ichard Carleton, Chief Executive Officer of the CSE. "We will continue to work closely with our colleagues from the Br
--->itish Columbia Securities
Commission to enhance our collective investor protection efforts and access to capital for B.C.-based entrepreneurs."
---><o:p></o:p></p>
<p class="MsoNormal"><b><u><span lang="EN-GB" style="font-size:12.0pt;line-height:115%;font-family:"Times New Rom
--->an",serif">About the British Columbia Securities Commission (<span class="MsoHyperlink"><a href="http://www.bcsc.
--->bc.ca">www.bcsc.bc.ca</a></span>)
<o:p></o:p></span></u></b></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:normal">
<span lang="EN-GB" style="font-size:12.0pt;font-family:"Times New Roman",serif">The British Columbia Securit
--->ies Commission is the independent provincial government agency responsible for regulating capital markets in British C
--->olumbia through the administration
of the <i>Securities Act</i>. Our mission is to protect and promote the public interest by fostering:<o:p></o:p></spa
--->n></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:normal">
<span lang="EN-GB" style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:0in;margin-left:.25in;margin-bottom:
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<![if !supportLists]><span lang="EN" style="font-size:10.0pt;font-family:Symbol"><span style="mso-list:Ignore">·
--->;<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><span lang="EN" style="font-size:12.0pt;font-family:"Times New Roman",serif">
--->A securities market that is fair and warrants public confidence
<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:0in;margin-right:0in;margin-bottom:0in;margin-left:.25in;margin-bottom:
--->.0001pt;text-indent:-.25in;line-height:normal;mso-list:l0 level1 lfo2;background:white">
<![if !supportLists]><span lang="EN" style="font-size:10.0pt;font-family:Symbol"><span style="mso-list:Ignore">·
--->;<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><span lang="EN" style="font-size:12.0pt;font-family:"Times New Roman",serif">
--->A dynamic and competitive securities industry that provides investment opportunities and access to capital
<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:normal">
<span lang="EN-GB" style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:normal">
<span lang="EN-GB" style="font-size:12.0pt;font-family:"Times New Roman",serif">Media Contact:<br>
Brian Kladko<br>
604-899-6713<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:normal">
<span lang="EN-GB" style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:normal">
<span lang="EN-GB" style="font-size:12.0pt;font-family:"Times New Roman",serif">Public inquiries:<br>
604-899-6854 or 1-800-373-6393 (toll free)<br>
<u><span style="color:blue"><a href="mailto:inquiries@bcsc.bc.ca">inquiries@bcsc.bc.ca</a></span></u><o:p></o:p></span
--->></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:normal">
<span lang="EN-GB" style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:normal">
<span lang="EN-GB" style="font-size:12.0pt;font-family:"Times New Roman",serif">Learn how to protect yoursel
--->f and become a more informed investor at <u><span style="color:blue"><a href="http://www.investright.org/" target
--->="_blank" title="www.investright.org">www.investright.org</a></span></u></span><span style="font-size:12.0pt"><o:p></o
--->:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<div>
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<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:normal">
<span style="color:#1F497D"><img border="0" width="46" height="66" id="Picture_x0020_1" src="cid:image001.jpg@01D4FC18
--->.726E6880"></span><span style="color:#1F497D"><o:p></o:p></span></p>
</td>
<td width="235" valign="top" style="width:202.35pt;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormalCxSpMiddle" style="margin-bottom:2.0pt;mso-add-space:auto;line-height:normal">
<b><span style="font-size:8.0pt;color:#1F497D">Brian Kladko<o:p></o:p></span></b></p>
<p class="MsoNormalCxSpMiddle" style="margin-bottom:2.0pt;mso-add-space:auto;line-height:normal">
<b><span style="font-size:8.0pt;color:#1F497D">Manager, Media Relations and Public Affairs<o:p></o:p></span></b></p>
<p class="MsoNormalCxSpMiddle" style="margin-bottom:2.0pt;mso-add-space:auto;line-height:normal">
<span style="font-size:8.0pt;color:#1F497D">British Columbia Securities Commission<o:p></o:p></span></p>
<p class="MsoNormalCxSpMiddle" style="margin-bottom:2.0pt;mso-add-space:auto;line-height:normal">
<span style="font-size:8.0pt;color:#1F497D">1200 - 701 West Georgia Street<o:p></o:p></span></p>
<p class="MsoNormalCxSpMiddle" style="margin-bottom:2.0pt;mso-add-space:auto;line-height:normal">
<span style="font-size:8.0pt;color:#1F497D">Vancouver, BC V7Y 1L2<o:p></o:p></span></p>
</td>
<td width="270" valign="top" style="width:3.2in;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormalCxSpMiddle" style="margin-bottom:2.0pt;mso-add-space:auto;line-height:normal">
<span style="font-size:8.0pt;color:#1F497D">Tel: 604-899-6713<o:p></o:p></span></p>
<p class="MsoNormalCxSpMiddle" style="margin-bottom:2.0pt;mso-add-space:auto;line-height:normal">
<span style="font-size:8.0pt;color:#1F497D">Mobile: 604-671-6910<o:p></o:p></span></p>
<p class="MsoNormalCxSpMiddle" style="margin-bottom:2.0pt;mso-add-space:auto;line-height:normal">
<span style="font-size:8.0pt;color:#1F497D"><a href="http://www.bcsc.bc.ca/"><span style="color:#1F497D">www.bcsc.bc.c
--->a</span></a><o:p></o:p></span></p>
<p class="MsoNormalCxSpMiddle" style="margin-bottom:2.0pt;mso-add-space:auto;line-height:normal">
<span style="font-size:8.0pt;color:#1F497D">Email:</span><u><span style="font-size:8.0pt;color:blue"><a href="mailto:%
--->20bkladko@bcsc.bc.ca"><span style="color:blue"> bkladko@bcsc.bc.ca</span></a></span></u><span style="font-size:8.0pt;c
--->olor:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormalCxSpMiddle" style="margin-bottom:2.0pt;mso-add-space:auto;line-height:normal">
<span style="font-size:8.0pt;color:#1F497D">Find Us on: <a href="https://twitter.com/BCSCInvestRight">
<span style="color:#1F497D">Twitter</span></a> | <a href="https://www.facebook.com/BCSCInvestRight">
<span style="color:#1F497D">Facebook</span></a> | <a href="https://www.youtube.com/user/BCSCInvestRight">
<span style="color:#1F497D">YouTube</span></a><o:p></o:p></span></p>
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<p class="MsoNormalCxSpMiddle" style="mso-margin-top-alt:3.0pt;margin-right:0in;margin-bottom:3.0pt;margin-left:0in;ms
--->o-add-space:auto;line-height:normal">
<span style="color:#1F497D"><img border="0" width="24" height="22" id="Picture_x0020_2" src="cid:image002.jpg@01D4FC18
--->.726E6880"></span><span style="font-size:9.0pt;color:#028E13">Please consider the environment before printing this ema
--->il</span><span style="font-size:10.0pt;color:#028E13"> &nbs
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