The OSC today published final amendments to OSC Rules 13-502 Fees and 13-503 (Commodities Futures Act) Fees following careful consideration of comments received on the proposed amendments, which were initially published in September 2014.
Subject to Ministerial approval, the amendments will come into force on April 6, 2015, in time to avoid increases in participation fee rates that were scheduled under the existing rules, set in April 2013. As a result, participation fees will remain at the current rates.
Market participants will calculate their participation fees based on their most recent fiscal year information (for registrants, the most recent fiscal year ending in the calendar year). Under the previous model, fees are calculated based on historical information from a market participant’s reference fiscal year. By using the most recent fiscal year, fees will track more closely with the current fiscal situation.