The past year continued to be a volatile year for securities markets
around the world, and the VSE was no exception. Despite the many external influences, the
VSE maintained proper fiscal control, exceptional service levels and sound market
integrity through fair and consistent enforcement standards.
Through a series of regulatory innovation initiatives, the VSE has provided improved
access to capital for listed companies. The streamlined policies and procedures mean
faster responses, fewer limitations and reduced fees and expenses for listed companies.
The presidents message in the Annual Report also outlines the Exchanges
vision for the future, with particular emphasis on the Canadian capital market
restructuring.
The VSE is proud of the role it has played in financing emerging companies for nearly a
century, and looks forward to providing growth opportunities for listed companies through
the Canadian capital market restructuring.