Multijurisdictional Disclosure System - MJDS

AAA

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.

INVESTOPEDIA EXPLAINS '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. Cross-Border Financing

    This term refers to any financing arrangement that crosses national ...
  2. Disclosure

    The act of releasing all relevant information pertaining to a ...
  3. Full Disclosure

    1. The U.S. Securities and Exchange Commission's (SEC) requirement ...
  4. Prospectus

    A formal legal document, which is required by and filed with ...
  5. Securities And Exchange Commission ...

    A government commission created by Congress to regulate the securities ...
  6. Appraised Equity Capital

    The excess of the market value of an asset over its book value. ...
Related Articles
  1. Reg AC: What Does It Mean To Investors?
    Personal Finance

    Reg AC: What Does It Mean To Investors?

  2. Want To Know What Disclosures Mean ... ...
    Personal Finance

    Want To Know What Disclosures Mean ... ...

  3. The SEC: A Brief History Of Regulation
    Economics

    The SEC: A Brief History Of Regulation

  4. An Investor's Checklist To Financial ...
    Options & Futures

    An Investor's Checklist To Financial ...

comments powered by Disqus
Hot Definitions
  1. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
  2. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  3. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  4. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  5. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  6. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
Trading Center