Multijurisdictional Disclosure System - MJDS

DEFINITION of 'Multijurisdictional Disclosure System - MJDS'

A disclosure system that enables eligible cross-border securities offerings to be governed by the disclosure requirements of the issuer's home country. The multijurisdictional disclosure system reduces the expensive duplication of disclosure requirements and regulatory filings that arises when issuers register securities offerings in foreign domiciles.

It often referred to as the Canada-U.S. multijurisdictional disclosure system.

BREAKING DOWN 'Multijurisdictional Disclosure System - MJDS'

For example, under the Canada-U.S. multijurisdictional disclosure system (MJDS), an eligible Canadian issuer can offer securities in the United States using a Canadian prospectus that is subject to review only by Canadian securities regulators, and not by the U.S. Securities and Exchange Commission (SEC).


The Canada-U.S. MJDS, adopted in 1991 by the SEC and Canadian securities regulatory authorities, eliminated many of the major disincentives for Canadian issuers offering securities in the U.S., and vice versa. The adoption of the MJDS facilitated increased cross-border transactions, including mergers and takeovers.

RELATED TERMS
  1. Regulation Fair Disclosure - Reg ...

    A rule passed by the Securities and Exchange Commission in an ...
  2. Disclosure

    The act of releasing all relevant information pertaining to a ...
  3. SEC Form F-10

    A filing with the Securities and Exchange Commission (SEC) that ...
  4. SEC Form F-9

    A filing with the Securities and Exchange Commission (SEC) that ...
  5. SEC Form F-80

    A filing with the Securities and Exchange Commission (SEC) that ...
  6. SEC Form F-7

    A filing with the Securities and Exchange Commission (SEC) that ...
Related Articles
  1. Active Trading

    What Would Full Disclosure Mean For The Market?

    In the wake accounting scandals, more people are calling for full disclosure. But what would that even help?
  2. Retirement

    Footnotes: Early Warning Signs For Investors

    These documents hold very important information, but reading them takes skill.
  3. Personal Finance

    Cross-Border Shopping: Bane Or Boon?

    Lower prices, better selection, lower sales tax rates and a strong Canadian dollar draw over 1.9 million Canadians over the border to shop every month.
  4. Investing News

    Understand the SEC Rules on Equity Crowdfunding

    The SEC's adoption of equity crowdfunding rules, initiated under the JOBS Act, enables small investors to invest in companies that show early potential.
  5. Investing Basics

    Policing The Securities Market: An Overview Of The SEC

    Find out how this regulatory body protects the rights of investors.
  6. Investing Basics

    How A Company Files With The SEC

    Filing with the SEC is not as complicated as you might thing -- just be meticulous about following the steps.
  7. Economics

    Inside National Payment Systems

    Investopedia explains: The global interconnection of U.S. payment systems makes commerical and financial transfers possible.
  8. Trading Systems & Software

    Trading Systems: What Is A Trading System?

    A trading system is simply a group of specific rules, or parameters, that determine entry and exit points for a given equity. These points, known as signals, are often marked on a chart in real ...
  9. Economics

    Understanding the SEC

    The SEC's triple mandate of investor protection, maintenance of orderly markets and facilitation of capital formation makes it a vital player in capital markets.
  10. Trading Systems & Software

    Trading Systems: Run With The Herd Or Be A Lone Wolf?

    Find out if taking the path less traveled will work in your favor - or against it.
RELATED FAQS
  1. What are the disclosure requirements for a private placement?

    Learn about the SEC rules for disclosure requirements in private placement offerings, and understand what type of information ... Read Answer >>
  2. What is the difference between a summary prospectus and an offering memorandum?

    Understand what investments require a summary prospectus or a offering memorandum, and learn the differences between the ... Read Answer >>
  3. What is meant by "full disclosure"?

    Most likely, the "full disclosure" you're talking about refers to rules put in place by the Securities and Exchange Commission ... Read Answer >>
  4. What are the differences between APR in Europe and the U.S.?

    Learn how the regulatory authorities in the U.S., the European Union and the U.K. treat the calculation and disclosure of ... Read Answer >>
  5. Does a good credit rating guarantee repayment?

    Learn how credit ratings help investors determine the creditworthiness of an issuer and the risk associated with making an ... Read Answer >>
  6. How long are credit ratings valid?

    Learn how credit ratings are issued and how long they are valid. Investors look to credit ratings to determine risk associated ... Read Answer >>
Hot Definitions
  1. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, ...
  2. Quarter - Q1, Q2, Q3, Q4

    A three-month period on a financial calendar that acts as a basis for the reporting of earnings and the paying of dividends.
  3. Weighted Average Cost Of Capital - WACC

    Weighted average cost of capital (WACC) is a calculation of a firm's cost of capital in which each category of capital is ...
  4. Basis Point (BPS)

    A unit that is equal to 1/100th of 1%, and is used to denote the change in a financial instrument. The basis point is commonly ...
  5. Sharing Economy

    An economic model in which individuals are able to borrow or rent assets owned by someone else.
  6. Unlevered Beta

    A type of metric that compares the risk of an unlevered company to the risk of the market. The unlevered beta is the beta ...
Trading Center