OSC publishes proposed amendments to rules respecting fees
The Ontario Securities Commission has published proposed amendments to OSC Rule 13-502 Fees and OSC Rule 13-503 (Commodity Futures Act) Fees for comment. According to the OSC, the amendments are reflective of the OSC's costs of regulating Ontario's capital markets and those activities governed by the Commodity Futures Act. Under proposed changes to Rule 13-502, participation fees for reporting issuers will increase by 17% annually over three years at each tier of capitalization, while capital markets participation fees will be increased by 9% annually over the same amount of time. New activity fees and changes to existing activity fees are also proposed. Under the proposed changes to Rule 13-503, capital markets participation fees would increase by 9% annually over three years, while activity fees would also be amended.
Both sets of proposals are open to comment until December 31, 2009.
