CNSX Markets Inc. has launched a new initiative to highlight the superior value proposition of being listed on the Canadian National Stock Exchange.

The initiative emphasizes what the exchange says are two of the major benefits for listed companies of switching to CNSX: CNSX’s streamlined regulatory model and the fixed maintenance fee of just $300 per month.

As an additional incentive to switch, CNSX is offering all companies listed on another Canadian stock exchange a reduced initial listing fee of just $2,000 for all applications received on or before March 31. The standard CNSX initial listing fee is $10,000.

“Full disclosure, reporting and corporate governance obligations are now prescribed by securities law and CNSX requires listed issuers to be fully compliant,” said William Woods, CNSX’s managing director, “but otherwise we do not engage in the time consuming and potentially deal-delaying practices of pre-vetting and prior review of transactions.”

According to CNSX, a switch can take as little as 15 business days to complete, and a company can use its existing public disclosures to create the application. As well, CNSX does not require an application to be sponsored, providing further cost reductions.

CNSX charges a fixed maintenance fee of just $300 per month with no additional filing or transactions fees being payable. Combined with the reduced initial listing fee of $2,000 a listed company that switches to CNSX will pay $5,600 to be listed on CNSX in the first year — irrespective of the number of filings and/or transactions made during the year.

IE