Multijurisdictional Disclosure System: Offering Securities and Reporting in the United States Using the MJDS | Practical Law

Multijurisdictional Disclosure System: Offering Securities and Reporting in the United States Using the MJDS | Practical Law

An overview of the “Southbound” multijurisdictional disclosure system (MJDS) which permits eligible Canadian issuers to register securities offerings in the United States using a Canadian prospectus and enables eligible Canadian users to comply with US periodic reporting requirements based in substantial part on Canadian disclosure documents. 

Multijurisdictional Disclosure System: Offering Securities and Reporting in the United States Using the MJDS

by Scott D. Fisher and Jeffrey Nadler, Davies Ward Phillips & Vineberg LLP, New York; and David Wilson, Davies Ward Phillips & Vineberg LLP, Toronto.
Law stated as of 20 Jan 2016 • USA (National/Federal)
An overview of the “Southbound” multijurisdictional disclosure system (MJDS) which permits eligible Canadian issuers to register securities offerings in the United States using a Canadian prospectus and enables eligible Canadian users to comply with US periodic reporting requirements based in substantial part on Canadian disclosure documents.