Regulatory Alerts2019-05-02
CSA Notice of Consultation: Proposed Repeal and Replacement of Regulation 13-102 respecting System Fees for SEDAR and NRD
The Canadian Securities Administrators propose repealing and replacing Regulation 13-102 to align system fees with the upcoming Renewed System, which will replace existing national filing platforms like SEDAR and NRD. The amendments introduce a simplified flat fee design paid to a filer's principal regulator, eliminate certain fees, and introduce new charges for specific filings to reduce total annual revenue by approximately $1.7 million. These changes are intended to support the phased rollout of the Renewed System starting in early 2021 while minimizing cost impacts on most market participants.
Share