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.