Regulatory Alerts2024-11-21
CSA Notice and Request for Comment: Draft Amendments to Regulation 13-102 respecting System Fees
The Canadian Securities Administrators propose a five-year system fee increase regime to address rising IT costs and ensure the continued operation of national regulatory systems. The amendments mandate a 60% fee increase in November 2025 followed by 3% annual increases, which will generate approximately $13 million in additional revenue in the first year. While the British Columbia Securities Commission is excluded from this specific comment period, the changes aim to maintain cost-recovery funding for SEDAR+ and NRD without introducing new fee types.
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