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. Disclosure

    The act of releasing all relevant information pertaining to a ...
  2. Regulation Fair Disclosure - Reg ...

    A rule passed by the Securities and Exchange Commission in an ...
  3. Schedule 13E-4F

    This schedule may be used by a Canadian foreign private issuer ...
  4. SEC Form F-10

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

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

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

    Want To Know What Disclosures Mean ... In Plain English?

    Disclosures are the fine print in financial reports. We strip away the legal speak to tell you what they really mean.
  3. Managing Wealth

    Asset Manager Ethics: Disclosures

    Effective communication and disclosures go a long way towards easing minds and creating a lasting and trusting symbiotic relationship. Here are the four steps to making good disclosures.
  4. Markets

    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

    Policing The Securities Market: An Overview Of The SEC

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

    Inside National Payment Systems

    Investopedia explains: The global interconnection of U.S. payment systems makes commerical and financial transfers possible.
  7. Investing

    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.
  8. Markets

    What's the SEC?

    The Securities and Exchange Commission (SEC) is an independent agency of the United States government. The mission of the SEC is to enforce securities laws passed by congress. These laws aim ...
  9. Markets

    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. Investing

    Why Financial Statements Are Harder to Read Than Ever Before

    Understand four major reasons that financial statements published in 2016 are more complicated and difficult to read than they were in the past.
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’s the difference between a consumer disclosure and a credit report?

    Find out why consumer disclosures and credit reports are considered different documents, even though they contain similar ... 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. 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 >>
  6. 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 >>
Hot Definitions
  1. Frexit

    Frexit – short for "French exit" – is a French spinoff of the term Brexit, which emerged when the United Kingdom voted to ...
  2. AAA

    The highest possible rating assigned to the bonds of an issuer by credit rating agencies. An issuer that is rated AAA has ...
  3. GBP

    The abbreviation for the British pound sterling, the official currency of the United Kingdom, the British Overseas Territories ...
  4. Diversification

    A risk management technique that mixes a wide variety of investments within a portfolio. The rationale behind this technique ...
  5. European Union - EU

    A group of European countries that participates in the world economy as one economic unit and operates under one official ...
  6. Sell-Off

    The rapid selling of securities, such as stocks, bonds and commodities. The increase in supply leads to a decline in the ...
Trading Center