The Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) Monday published a joint consultation paper on emerging market issuers.

The Consultation Paper examines the risks associated with listings from emerging markets and solicits feedback on possible measures being considered to complement existing and well-established guidelines, rules and standards at TSX and TSXV.

“As emerging economies expand and global capital flows increase, issuers from these markets will continue to seek a Canadian listing to help fund growth and innovation,” explains Kevan Cowan, president, TSX Markets and group head of equities, TMX Group.

“The integrity of our markets requires all issuers, regardless of their location, to adhere to the same high standards. We are committed to working with issuers, securities regulators as well as a broad group of stakeholders who share a combined responsibility to promote integrity and investor confidence in Canadian markets,” he says.

The consultation paper was developed with extensive input received from market participants, listed issuers, advisors, other stakeholders and regulatory organizations. It is intended to support work being conducted by regulatory organizations, the primary authorities overseeing reporting issuers, including the Ontario Securities Commission Issuer Guide for Companies Operating in Emerging Markets (Staff Notice 51-720) published in November of this year.

Comments are being solicited in areas such as emerging market issuer management, corporate governance, financial reporting, internal controls, related party transactions and sponsorship requirements, among others. The comment period will continue to Feb. 28, 2013.

The consultation paper can be found at: http://www.tmx.com/en/pdf/Joint-Consultation-Paper.pdf.