Regulatory Alerts2024-09-05
Regulation to Amend the Securities Regulation Regarding Mutual Fund and ETF Facts Document Filing Fees
The Quebec Ministry of Finance has published a draft regulation amending sections 267 and 268 of the Securities Regulation to establish new fee structures for mutual funds and money market funds filing fund facts or ETF facts documents concurrently with prospectuses. The amendment sets fixed concurrent filing fees of $1,209 for mutual funds and $6,043 per issuer for money market funds while adjusting continuous distribution fees based on the gross value of securities distributed in Quebec. The regulation will come into force on February 27, 2025, following a 45-day public comment period.
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