Regulatory Alerts2022-02-03
Draft Regulation to Amend the Securities Regulation Concerning Modernization of the Prospectus Filing Model for Investment Funds
The Quebec securities regulator amends sections 98, 267, and 268 of the Securities Regulation to modernize prospectus filing fees for investment funds. The amendments establish fixed costs of $1,170 and $5,848 for mutual fund and money market fund facts documents filed under the new model. Additionally, continuous distribution fees are recalculated as 0.04 percent of the gross value of securities distributed in Québec, minus adjusted base thresholds of $1,155 and $5,775.
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