Xplor 2016Revitalizing TSX Venture ExchangeTim Babcock, TSX Venture Exchange

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Revitalizing TSX Venture ExchangeOverview• History• December 2015 – Whitepaper• March 2016 – Progress Report• July 2016 – Progress Report• Next Steps…

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History

• Public venture markets in Canada• Market conditions, changing landscape• Stakeholder consultation• Whitepaper – Revitalizing TSX Venture

Exchange• Town Hall meetings

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Revitalizing TSXV• We will reduce our clients' administrative and

compliance costs, in a meaningful way, without compromising investor confidence.

• We will expand the base of investors financing companies and generally enhance liquidity.

• We will diversify and grow the stock list to increase the attractiveness of the marketplace overall.

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Reducing Costs

• Sponsorship• Shareholder approval requirements• Personal Information Forms (PIFs)• Transaction processing times

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Increasing Capital & Liquidity

• Showcase TSXV issuers – raise awareness• Reduce barriers – cross-border trading• Connect issuers to investors• Market making – TSXV LiquidityPro• Promote financial literacy

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Diversify and Grow

• SME Sales Team• Revise CPC Program• Tailor TSXV policies for non-resource issuers• Advocacy

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March 2016 Progress Report

• Town Hall feedback• Internal process efficiencies• Market structure and short selling rules• Status of initiatives

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July 2016 Progress Report• Periodic auction proposal• Market making – TSXV LiquidityPro• Policy amendments– Policy 5.2 – shareholder approval– Policy 2.1 & 2.2 – sponsorship– Policy 2.4 – CPCs

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Moving Forward…

http://www.tsx.com/revitalizing-tsxv?lang=en

http://www.tsx.com/revitalizing-tsxv?lang=fr

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Thank you!Tim BabcockDirector, Listed Issuer ServicesTSX Venture Exchangetim.babcock@tmx.com416.365.2202