Regulatory Alerts2026-04-23
CSA adopts final amendments to trading fee caps for U.S. Inter-listed Securities
The Canadian Securities Administrators adopted final amendments to National Instrument 23-101 to lower the maximum trading fee cap for U.S. Inter-listed Securities priced at CAD $1.00 or more to CAD $0.0017. These changes align with a related initiative by the Canadian Investment Regulatory Organization to harmonize trading increments for these securities with U.S. standards. The amendments are scheduled to come into force on November 2, 2026, pending ministerial approvals.
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