Regulatory Alerts2025-07-10
CSA Notice of Publication: Regulation to Amend Regulation 13-102 Respecting System Fees
The Canadian Securities Administrators are adopting amendments to Regulation 13-102 to implement a five-year system fee increase schedule designed to align revenues with rising national IT operating costs. The regime mandates an initial 60% fee increase in November 2025, followed by 3% annual increases for the subsequent four years, while retaining the existing flat-fee structure and cost-recovery basis. These adjustments also incorporate new system fees for Well-Known Seasoned Issuer base shelf prospectuses to support the sustainability of shared regulatory technology systems.
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