Regulation 13-102 Respecting System Fees for SEDAR and NRD

REGULATION IN FORCE FROM MARCH 23, 2023 TO JUNE 8, 2023 Regulation 13-102 March 23, 2023 Page 1 Last amendments in force on March 23, 2023 This document has official status
chapter V-1.1, r. 2.1
REGULATION 13-102 RESPECTING SYSTEM FEES FOR SEDAR AND NRD Securities Act (chapter V-1.1, s. 331)
PART 1
DEFINITIONS AND INTERPRETATION
Definitions

1. (1) In this Regulation,
   “annual information form” means an “AIF” as defined by Regulation 51-102 respecting Continuous Disclosure Obligations (chapter V-1.1, r. 24) or an annual information form for the purposes of Part 9 of Regulation 81-106 respecting Investment Fund Continuous Disclosure (chapter V-1.1, r. 42); “initial filer profile” means a filer profile filed in accordance with subsection 5.1(1) of Regulation 13-101 respecting the System for Electronic Document Analysis and Retrieval (SEDAR) (chapter V-1.1, r. 2); “issuer bid”, means an issuer bid to which Part 2 of Regulation 62-104 respecting Take-Over Bids and Issuer Bids (chapter V-1.1, r. 35), applies; “shelf prospectus” means a prospectus filed under Regulation 44-102 respecting Shelf Distributions (chapter V-1.1, r. 17); “take-over bid”, means a take-over bid to which Part 2 of Regulation 62-104 respecting Take-Over Bids and Issuer Bids applies. (2) In this Regulation, a term referred to in Column 1 of the following table has the meaning ascribed to it in the Regulation referred to in Column 2 opposite that term. Column 1 Defined Term Column 2 Regulation CPC instrument Regulation 45-106 respecting Prospectus Exemptions (chapter V-1.1, r. 21)

REGULATION IN FORCE FROM MARCH 23, 2023 TO JUNE 8, 2023 Regulation 13-102 March 23, 2023 Page 2 Column 1 Defined Term Column 2 Regulation firm filer Regulation 31-102 respecting National Registration Database (chapter V-1.1, r. 9) individual filer Regulation 31-102 respecting National Registration Database long form prospectus Regulation 41-101 respecting General Prospectus Requirements (chapter V-1.1, r. 14) MJDS prospectus National Instrument 71-101: The Multijurisdictional Disclosure System (chapter V-1.1, r. 36) NRD Regulation 31-102 respecting National Registration Database principal jurisdiction Regulation 11-102 respecting Passport System (chapter V-1.1, r. 1) principal regulator Regulation 11-102 respecting Passport System rights offering circular Section 2.1 of Regulation 45-106 respecting Prospectus Exemptions (chapter V-1.1, r. 21) SEDAR Regulation 13-101 respecting System for Electronic Document Analysis and Retrieval (SEDAR) short form prospectus Regulation 41-101 respecting General Prospectus Requirements sponsoring firm Regulation 33-109 respecting Registration Information, in Form 33-109F4 Registration of Individuals and Review of Permitted Individuals (chapter V-1.1, r. 12) O.C. 955-2013, s. 1; I.N. 2016-01-01; I. N. 2016-05-01. Inconsistency with other regulations
2. If there is any conflict or inconsistency between this Regulation and
Regulation 13-101 respecting the System for Electronic Document Analysis and Retrieval (SEDAR) (chapter V-1.1, r. 2) or Regulation 31-102 respecting National Registration Database, this Regulation prevails. O.C. 955-2013, s. 2.

REGULATION IN FORCE FROM MARCH 23, 2023 TO JUNE 8, 2023 Regulation 13-102 March 23, 2023 Page 3
PART 2
SEDAR SYSTEM FEES
Local system fees
3. In Québec, a person making the type of filing described in Column C of
Appendix A with the Autorité des marchés financiers must pay to the Autorité des
marchés financiers the system fee specified in Column D of that Appendix. O.C. 955-2013, s. 3. System fees
4. (1) A person making a filing, in the local jurisdiction, of the type described in
Column B of Appendix B, and of the category referred to in Column A of that Appendix, must pay to the securities regulatory authority the system fee specified in Column C or D of that Appendix, as the case may be. (2) Despite subsection (1), if a person pays a fee referred to in item 1 or 2 of
Appendix B, the person is not required to pay a fee with respect to any other filing
referred to in that item made during the calendar year in which the payment was made. (3) Despite subsection (1), in the calendar year that a person files its initial filer profile, the fee referred to in item 1 or 2 of Appendix B is prorated in accordance with the following formula:
A × B /12, where
A = the amount referred to in item 1 or 2 of Appendix B, as applicable, and B = the number of months remaining in the calendar year following the month in which the initial filer profile was filed. O.C. 955-2013, s. 4. System fees for filings that do not require a principal regulator
4.1. (1) A person making a filing of the type described in Column B of Appendix C,
and of the category referred to in Column A of that Appendix, must pay the system fee specified in Column C of that Appendix, The system fee is payable to, and allocated among, the securities regulatory authorities with whom the filing is required under Regulation 13-101 respecting System for Electronic Document Analysis and Retrieval (SEDAR) (chapter V-1.1, r. 2). O.C. 302-2106, s. 1.

REGULATION IN FORCE FROM MARCH 23, 2023 TO JUNE 8, 2023 Regulation 13-102 March 23, 2023 Page 4
PART 3
NRD SYSTEM FEES
Enrolment Fee
5. If the local jurisdiction is a firm filer’s principal jurisdiction, the firm filer must pay
to the securities regulatory authority an enrolment fee of $500 upon enrolment in NRD. O.C. 955-2013, s. 5. NRD submission fee
6. (1) A firm filer must pay an NRD system fee in respect of an individual filer to
the securities regulatory authority in the local jurisdiction if (a) the firm filer is the sponsoring firm for the individual filer, and (b) through the filing of Form 33-109F4 of Regulation 33-109 respecting Registration Information (chapter V-1.1, r. 12), the individual filer registers or reactivates their registration in the local jurisdiction. (2) The NRD system fee payable to the securities regulatory authority under subsection (1) by a sponsoring firm in respect of an individual filer is, (a) if the securities regulatory authority is the principal regulator of the individual filer, $75.00, and (b) in any other case, $20.50. O.C. 955-2013, s. 6. Annual NRD system fee
7. On December 31 of each year, a firm filer must pay an annual NRD system fee
to the securities regulatory authority in the local jurisdiction equal to the total of the following:
(a) if the securities regulatory authority in the local jurisdiction is the principal regulator of one or more individuals who are individual filers on that date, and for which the firm filer is the sponsoring firm in that jurisdiction, $75.00 × the number of those individuals, and (b) if there are individual filers on that date for which the securities regulatory authority in the local jurisdiction is not the principal regulator and for which the firm filer is the sponsoring firm in that jurisdiction, $20.50 × the number of those individuals.

REGULATION IN FORCE FROM MARCH 23, 2023 TO JUNE 8, 2023 Regulation 13-102 March 23, 2023 Page 5 O.C. 955-2013, s. 7.
PART 4
PAYMENT OF FEES
Means of payment
8. A fee under section 3, 4, 4.1, 6 or 7 must be paid through SEDAR or NRD, as the
case may be.
O.C. 955-2013, s. 8; O.C. 302-2016, s. 2.
PART 5
EXEMPTION
Exemption
9. (1) The regulator or the securities regulatory authority may grant an
exemption from this Regulation, in whole or in part, subject to such conditions or restrictions as may be imposed in the exemption. (2) Despite subsection (1), in Ontario, only the regulator may grant such an exemption. (3) Except in Ontario, an exemption referred to in subsection (1) is granted under the statute referred to in Appendix B of Regulation 14-101 respecting Definitions (chapter V￾1.1, r. 3), opposite the name of the local jurisdiction. O.C. 955-2013, s. 9.
PART 6
EFFECTIVE DATE
Effective Date
10. This Regulation comes into force on October 12, 2013.
O.C. 955-2013, s. 10.

REGULATION IN FORCE FROM MARCH 23, 2023 TO JUNE 8, 2023 Regulation 13-102 March 23, 2023 Page 6
APPENDIX A
LOCAL SEDAR SYSTEM FEES
(Section 3)
Column A
Local
Jurisdiction
Column B
Category of
Filing
Column C
Type of Filing
Column D
System Fee
Québec Securities
Offerings
Prospectus distribution to person outside Québec, if made from within Québec (section 12 of Securities Act (chapter V-1.1)) $130.00 O.C. 955-2013, Ann. A.

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APPENDIX B
OTHER SEDAR SYSTEM FEES
(Section 4)
Item Column A
Category of
Filing
Column B
Type of Filing
Column C
System Fee
Payable to
Principal
Regulator
Column D
System Fee
Payable to Each
Other
Securities
Regulatory
Authority
1 Annual filing fee for continuous disclosure - investment funds Note: Excludes the annual information form and all other filings listed separately in items 3 to 21. Initial filer profile or annual financial statements (for investment funds) $495.00 N/A 2 Annual filing fee for continuous disclosure Note: Excludes the annual information form and all other filings listed separately in items 3 to 21. Initial filer profile or annual financial statements (for reporting issuers other than investment funds) $705.00 $74.00 3 Investment fund issuers / securities offerings Simplified prospectus and fund facts document (Regulation 81-101 respecting Mutual Fund Prospectus Disclosure (chapter V-1.1, r. 38)) $585.00, which applies in total to a combined filing, if one simplified prospectus is used to qualify the investment fund securities of more than one investment fund for distribution $162.50, which applies in total to a combined filing, if one simplified prospectus is used to qualify the investment fund securities of more than one investment fund for distribution

REGULATION IN FORCE FROM MARCH 23, 2023 TO JUNE 8, 2023 Regulation 13-102 March 23, 2023 Page 8 Item Column A Category of Filing Column B Type of Filing Column C System Fee Payable to Principal Regulator Column D System Fee Payable to Each Other Securities Regulatory Authority 4 Long form prospectus $715.00 $212.50 5 Investment fund issuers/continuous disclosure Annual information form (Regulation 81-106 respecting Investment Fund Continuous Disclosure (chapter V-1.1, r. 42)) for investment fund if not a short form prospectus issuer $455.00 N/A 6 Investment fund issuers/continuous disclosure Annual information form (Regulation 81-106 respecting Investment Fund Continuous Disclosure) for investment fund if short form prospectus issuer $2,655.00 N/A 7 Investment fund issuers/exemption s and other applications Exemptions and other applications (Regulation 81-102 respecting Mutual Funds (chapter V-1.1, r. 39)) $195.00 $40.00 8 Exemptions and other applications in connection with a prospectus filing $195.00 $82.50 9 Other issuers/securities offerings Short form prospectus (Regulation 44-101 respecting Short Form Prospectus Distributions (chapter V-1.1, r. 16)) $390.00 $115.00 10 Shelf prospectus $390.00 $115.00

REGULATION IN FORCE FROM MARCH 23, 2023 TO JUNE 8, 2023 Regulation 13-102 March 23, 2023 Page 9 Item Column A Category of Filing Column B Type of Filing Column C System Fee Payable to Principal Regulator Column D System Fee Payable to Each Other Securities Regulatory Authority 11 MJDS Prospectus (National Instrument 71- 101, The Multijurisdictional Disclosure System (chapter V-1.1, r. 36)) $390.00 $115.00 12 Long form prospectus $715.00 $212.50 13 Rights offering circular $325.00 $115.00 14 Prospectus governed by CPC instrument (TSX Venture Exchange) $715.00 $212.50 15 Other issuers/continuous disclosure Annual information form, if neither an investment fund nor a short form prospectus issuer $455.00 N/A 16 Annual information form, if a short form prospectus issuer (other than an investment fund) $2,655.00 N/A 17 Exemptions and other applications (if not an investment fund) Exemptions and other applications in connection with prospectus filing $195.00 $82.50 18 Other issuers / going private / related party transactions Going private transaction filings $325.00 $115.00 19 Related party transaction filings $325.00 $115.00 20 Other issuers/securities acquisitions Issuer bid filings $195.00 $82.50

REGULATION IN FORCE FROM MARCH 23, 2023 TO JUNE 8, 2023 Regulation 13-102 March 23, 2023 Page 10 Item Column A Category of Filing Column B Type of Filing Column C System Fee Payable to Principal Regulator Column D System Fee Payable to Each Other Securities Regulatory Authority 21 Third party filers/third party filings Take-over bid filings $195.00 $82.50 O.C. 955-2013, Ann. B; I.N. 2016-01-01; O.C. 171-2023, s. 1.

REGULATION IN FORCE FROM MARCH 23, 2023 TO JUNE 8, 2023 Regulation 13-102 March 23, 2023 Page 11
APPENDIX C
OTHER SEDAR SYSTEM FEES
(for filings that do not require a principal regulator) (Section 4.1) Item Column A Category of Filing Column B Type of Filing Column C System Fee Payable 1 Investment fund issuers / exempt market offerings and disclosure Report of Exempt Distribution $25.00 2 Other issuers / exempt market offerings and disclosure Report of Exempt Distribution $25.00 O.C. 302-2016, s. 3. Decision 2013-PDG-0077, 2013-05-15 Bulletin de l’Autorité: 2013-09-26, Vol. 10, n° 38 O.C. 955-2013, 2013 G.O. 2, 2742 Amendments I.N. 2016-01-01 (In force on December 8, 2015) I.N. 2016-05-01 (In force on May 9, 2016) Decision 2015-PDG-0156, 2015-10-20 Bulletin de l’Autorité: 2016-05-05, Vol. 13 n° 18 O.C. 302-2016, 2016 G.O. 2, 2282 Decision 2021-PDG-0059, 2021-11-17 Bulletin de l’Autorité: 2023-03-09, Vol. 20 n° 9 O.C. 171-2023, 2023 G.O. 2, 286