Passporting

Definition:

In Europe, a Prospectus, having been approved by one European Economic Area (EEA) competent authority, can be used for the same offer or listing in all other EEA countries, without further review or disclosure requirements being imposed by the competent authority of the state into which the Prospectus is “passported.”

Passporting can occur in other regions of the world. For example, an offering may passport from Canada to the United States, or vice versa under the multijurisdictional disclosure system.

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