Regulatory Alerts2025-06-26
Regulation to Amend the Securities Regulation
The Quebec securities regulator has issued a regulation amending the Securities Regulation to comprehensively update fee structures and reporting requirements for market participants. The amendment replaces numerous fixed activity fees with updated dollar amounts, introduces a $2,000 pre-filing consultation fee that is deductible upon subsequent filing, and establishes tiered annual participation fees for recognized stock exchanges based on Canadian market share. It also sets hourly inspection and investigation costs at $118, imposes a $100-per-report administrative monetary penalty for exempt distribution reporting failures, and mandates annual indexation of all prescribed fees according to Statistics Canada consumer price index.
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