Conditional Listing Application - CLA

DEFINITION of 'Conditional Listing Application - CLA'

An interim step in the listing process for a company that seeks to be listed on the Toronto Stock Exchange (TSX). The conditional listing application refers to the combination of the TSX listing agreement and the company's prospectus. It is the second-last step in the listing process, just prior to full listing approval.

BREAKING DOWN 'Conditional Listing Application - CLA'

Upon approval of the application for a TSX listing by the exchange's listing committee, the company's legal counsel is provided with a letter of conditional approval. This letter outlines any outstanding filing requirements and the final listing fee payable by the company.

RELATED TERMS
  1. Toronto Stock Exchange - TSX

    The largest stock exchange in Canada. The Toronto Stock Exchange ...
  2. Interlisted Stock

    A security that is listed on multiple stock exchanges. An interlisted ...
  3. NEX

    A separate board on the TSX Venture exchange, which provides ...
  4. Listed Security

    A financial instrument that is traded through an exchange, such ...
  5. Capital Pool Company (TSX Venture)

    A new, fledgling company trading on Canada's TSX Venture exchange ...
  6. Advanced Company (TSX Venture)

    An issuer listed on Canada's TSX Venture exchange that has significant ...
Related Articles
  1. Markets

    History Of The Toronto Stock Exchange

    Find out how the third-largest stock exchange in North America came to be.
  2. Markets

    Take Your Pennies To The TSX Venture

    The TSX Venture Exchange is a Canadian-based junior listings market that houses many micro-cap and small-cap firms.
  3. Markets

    The Top 4 Stocks Listed on the Toronto Stock Exchange for 2016 (T.TO, IPL.TO)

    Understand what's happening with the Toronto Stock Exchange in 2016. Learn about four of the top stocks on the Toronto Stock Exchange for the coming year.
  4. Markets

    Why Do Companies Choose NASDAQ for Their IPO?

    The NYSE is known for its prestige so why do some companies opt to list on the NASDAQ instead?
  5. Investing

    You Can't Follow Everything: Managing Stock Research

    Don't suffer from paralysis by analysis; find out how to do an effective and manageable job of stock watching.
  6. Investing

    The Dirt On Delisted Stocks

    Listed securities are "the cream of the crop". Find out how a firm can lose that status and why you should be wary.
  7. Markets

    Is the TSX's Sell-off a Buying Opportunity?

    Contrarian investor waiting for a commodity bounce? Why not look north for some value plays?
  8. Markets

    Series 24 Exam Prep: Stock Exchanges

    Before you take the series 24, you need to understand exchanges, listing requirements and much more.
  9. Investing

    Why You Should Understand The Stock Market

    Even if you don't invest a cent in stocks, you should still understand how the stock market works. Find out why.
  10. Personal Finance

    How to Find and Buy Off-Market Homes

    Having an edge in a hot real estate market is key and off-market listings can help.
RELATED FAQS
  1. Can stocks be traded on more than one exchange, such as, for example, on both the ...

    A stock can trade on any exchange on which it is listed. And to be listed it must meet all of the exchange's listing requirements ... Read Answer >>
  2. How do you compare the Dow Jones Industrial Average (DJIA) and the Toronto Stock ...

    See how the Dow Jones Industrial Average and TSX Composite move according to factors in their respective countries and from ... Read Answer >>
  3. What are the advantages and disadvantages of listing on the Nasdaq versus other stock ...

    Discover some of the primary advantages and disadvantages that exist for companies listed on the Nasdaq exchange rather than ... Read Answer >>
  4. What are the listing requirements for the Nasdaq?

    Major stock exchanges, like the Nasdaq, are exclusive clubs - their reputations rest on the companies they trade. As such, ... Read Answer >>
  5. How does investing in the banking sector differ between the U.S. and Canada?

    Discover why some investors prefer Canadian to U.S. banks. Learn how trades of Canadian bank shares are executed in both ... Read Answer >>
  6. What is a back door listing?

    A back door listing, sometimes referred to as a reverse takeover, reverse merger, or reverse IPO, occurs when a privately-held ... Read Answer >>
Hot Definitions
  1. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
  2. Front Running

    The unethical practice of a broker trading an equity based on information from the analyst department before his or her clients ...
  3. After-Hours Trading - AHT

    Trading after regular trading hours on the major exchanges. The increasing popularity of electronic communication networks ...
  4. Omnibus Account

    An account between two futures merchants (brokers). It involves the transaction of individual accounts which are combined ...
  5. Weighted Average Life - WAL

    The average number of years for which each dollar of unpaid principal on a loan or mortgage remains outstanding. Once calculated, ...
  6. Real Rate Of Return

    The annual percentage return realized on an investment, which is adjusted for changes in prices due to inflation or other ...
Trading Center