06.07.2013 05:27:34
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Dow Applies For Reporting Issuer Stop Order With Ontario Securities Commission
(RTTNews) - The Dow Chemical Co. (DOW) said it has applied for an order to the Ontario Securities Commission, that Dow is not a reporting issuer for purposes of Ontario securities law. Currently, Dow is a reporting issuer in Ontario only and not a reporting issuer in any other jurisdiction of Canada.
Dow, as a reporting issuer in Ontario, is subject to certain Canadian filing and disclosure requirements and filing and disclosure requirements that are applicable to it as per the securities laws of the United States and the requirements of the New York Stock Exchange, the London Stock Exchange, the Tokyo Stock Exchange and the SIX Swiss Stock Exchange where Dow's shares are currently listed and posted for trading.
The Chemical products maker has applied for an order to cease being a reporting issuer in Canada, as its securities do not trade on any marketplace in Canada and it plans to eliminate the cost of complying with Canadian regulatory requirements that are comparable to the regulatory requirements that are also applicable to it in the U.S.
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