The document outlines the TSX Venture Exchange's plans to revitalize the exchange. It discusses the exchange's history and stakeholder consultation process. The plans include reducing clients' costs through changes to sponsorship requirements and other policies. It also aims to increase capital and liquidity by connecting issuers to investors, promoting market making, and diversifying the types of companies listed. Progress reports in March and July 2016 provided updates on the initiatives.

1. Xplor 2016
Revitalizing TSX Venture Exchange
Tim Babcock, TSX Venture Exchange

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Revitalizing TSX Venture Exchange
Overview
• 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 Babcock
Director, Listed Issuer Services
TSX Venture Exchange
tim.babcock@tmx.com
416.365.2202