Question: What is the purpose of the passport system that Canada has adopted as part of the process for regulating securities offerings? To allow dealer representatives to travel between provinces and territories without restrictions when selling the securities To give issuers stream-lined access to capital markets for each participating province and territory in Canada for new issues To standardize the format of securities documentation into pocket-size documents To create a single document for the stamp of approval for a new offering from regulators in each province and territory