What advantage does the Passport System provide to issuers?

• A. Access to unlimited jurisdictions
• B. Streamlined access to the capital markets
• C. Reduction of filing fees
• D. Authorization for direct communication with all investors

Answer: (B)

The Passport System offers significant benefits to issuers by streamlining their access to capital markets. This system allows issuers to efficiently navigate regulatory requirements across multiple jurisdictions, reducing the complexity and time involved in the fundraising process. By using the Passport System, issuers can prepare one set of documents that apply across several regions, facilitating quicker approvals and reducing the administrative burden associated with complying with different regulations in each jurisdiction.

This streamlined access enables issuers to reach a broader investor base, potentially leading to increased investment opportunities and improved funding prospects. The ability to effectively market to a multi-jurisdictional audience without the need for redundant filings is particularly advantageous for companies looking to expand their capital-raising efforts efficiently.