Canadian Participation in International Capital Markets: A Reassessment

Cally Jordan
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Abstract

For a small, but developed, capital market such as Canada’s, major regulatory initiatives in the United States always pose hard choices. Looking at the trio of initiatives which marked a turning point in international markets, Regulation S, Rule 144A and the Multijurisdictional Disclosure System, this article traces the impact of both regional integration and internationalization on a domestic market.
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加拿大参与国际资本市场:再评估
对于加拿大这样一个规模虽小但发达的资本市场来说,美国的重大监管举措总是让人难以抉择。本文着眼于标志着国际市场转折点的三项举措,即法规S、规则144A和多司法管辖区披露制度,追溯了区域一体化和国际化对国内市场的影响。
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