Ontario CM participation fee due April 1 for UIFMs with December 31 year end

A reminder to unregistered investment fund managers (UIFMs) that the annual capital markets participation fee (CM participation fee) applicable only in Ontario is due within 90 days of a UIFM’s year end. For UIFMs with a December 31 year end, the due date is Monday, April 1, 2013. Late fees apply and accrue.

The amount of the CM participation fee is determined on a sliding scale based on the amount of the UIFM's "specified Ontario revenues" for its previous financial year attributable to capital markets activities in Ontario. UIFMs must complete and deliver to the OSC (along with the fee payment) a Form 13-502F4 Capital Markets Participation Fee Calculation setting out the basis on which the CM participation fee paid by the UIFM was computed.

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