Conditional Listing Application - CLA

A conditional listing application is part of the process a company must complete if they want to be listed on the Toronto Stock Exchange, known as TSX. This exchange may seem like small potatoes compared to the New York Stock Exchange or Nasdaq, but it's actually the third largest exchange in North America. The top natural resource companies that produce oil, gas, and minerals are listed, as well as the Royal Bank of Canada and the Canadian National Railway.

With the conditional listing application, a company has to sign the TSX listing agreement and submit their prospectus to the applicable Canadian securities commission. A TSX listing committee gives the final approval, and will notify the company if there are other documents that need to be filed, and what the listing fee will be.