The designation, within the meaning of Rule 902(b) of Regulation S under the Securities Act of 1933, includes both the Canadian National Stock Exchange (CNSX) and Pure Trading.

“We welcome the SEC’s decision to award us designated offshore securities market status. CNSX Markets was assessed by the SEC based on our structure, organization, regulatory framework, and reporting standards,” stated Ian Bandeen, CEO and vice chairman of CNSX Markets.

“This recognition acknowledges the caliber of CNSX and Pure Trading and our regulatory framework. It also provides more flexibility to market participants and investors seeking to buy and sell Reg S restricted securities,” Bandeen added.

Regulation S provides safe harbours for offers and sales of securities by issuers and others in offshore transactions and to non-U.S. persons without registration under the 1933 Act.

Accordingly, re-sales of securities on CNSX or Pure Trading by persons who are not issuers, distributers or their affiliates qualify as offshore transactions under the 1933 Act. Restricted securities under the 1933 Act may now generally be resold on CNSX or Pure Trading without the seller having to determine whether the buyer is in the United States or is a U.S. person, as would otherwise be the case.

IE