Regulatory Alerts2026-03-19
Regulation to Amend the Securities Regulation
The Government of Québec, acting through the Minister of Finance, has published a draft regulation amending the Securities Regulation to comprehensively update fees for dealers, advisors, representatives, and recognized stock exchanges. The amendment mandates annual indexation of all fees based on the Canadian Consumer Price Index, establishes fixed hourly rates for inspections and investigations, and introduces a tiered market-share fee structure for stock exchanges. Additionally, it imposes an administrative monetary penalty of up to $5,000 per fiscal year on issuers and firm underwriters that fail to file exempt distribution reports, with the revised schedule taking effect on June 22, 2026.
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