Annotated ontario securities legislation, 52nd edition. Igor perebeinos ontario securities commission linkedin. Implementation date of the iiroc dealer member plain language rule book. Ontario securities commission temporarily suspends accrual. Form 502f4 capital markets participation fee calculation. Annotated ontario securities legislation, 52nd edition, 2020. Cnw the ontario securities commission osc today published final amendments to osc rules 502 fees and 503 commodities futures act fees following. Corporate registration officer at ontario securities commission. April 1, 20 unofficial consolidation rule 502 fees. The osc has established a new fee regime to reduce the overall fees charged to market participants, create a clear and streamlined fee structure and adopt fees that accurately reflect the oscs costs of. On august 23, 2012, the ontario securities commission osc released a request for comments on proposed amendments to rule 502 and companion policy 502cp, which deals with the.
Ontario securities commission temporarily suspends accrual of all late fees. The main change for reporting issuers is that the use of the reference fiscal year will be eliminated and. The alberta securities commission the asc is adopting a new rule regarding fees, asc rule 501 fees the new rule. April 1, 20 unofficial consolidation rule 502 fees 1 this document is an unofficial consolidation of all amendments to ontario securities commission rule 502. The ontario securities commission osc bulletin october 27, 2006 volume 29, issue 43 2006, 29 oscb the ontario securities commission administers the securities act of ontario r. These changes came into effect on april 6, 2015 and part of the changes include updates to the.
Ontario securities rule 502 fees is amended by this instrument. Ontario securities commission osc rules, policies, and notices. Osc rule 502 4 iii the reporting issuer reasonably believes that none of its securities traded on a marketplace in canada during its previous financial year. Ontario securities commission rule 502 fees osc rule. In general, applicable fees in ontario are set out in osc rule 502 fees 502. This book provides information for practitioners dealing with securities laws in. Osc rule 502 fees osc rule 502 related content this ontario securities commission osc rule outlines the fees payable to the osc by the key participants in the capital market system in ontario, including stock exchanges in canada, alternative trading systems, credit rating agencies and trade repositories as well as issuers of securities, brokers, dealers, advisors and investment fund managers. April 17, 2020 ontario instrument 504 temporary relief from accrual of late fees charged under ontario securities commission rule 502 fees april 16, 2020 csa staff notice 560 updated frequently asked questions regarding filing extension relief granted by way of a blanket order in response to covid19.
Effective march 31, 2003, rule 502 fees the rule of the ontario securities commission the osc will come into effect. Summary effective march 31, 2003, rule 502 fees of the ontario securities commission will come into effect. Unofficial consolidation of osc rule 502 fees and its. As we previously posted on february 10, 2015 the ontario securities commission osc approved the revocation and replacement of osc rule 502 fees, companion policy 502cp fees, osc rule 503 fees and companion policy 503 cp fees. Perhaps the most significant change is that reporting issuers are subject to a participation fee similar to what is currently employed by the ontario securities commission. Changes to ontario participation fees for reporting issuers. The ontario securities commission the commission has, under section 143 of the securities act ontario the act, made rule 502 fees the rule as a rule under the act, and has adopted companion policy 502cp the companion policy as a policy under the act. The proposed amendments are aimed at adjusting the current fee structure under the ontario securities act the osa and the commodity futures. Osc publishes amendments to osc rule 502 fees 04 2010 the ontario securities commission has published to its website the amendments to the corporate finance participation fees which became effective on april 5, 2010, with subsequent increases on april 4, 2011 and april 1, 2012.
Continuously apply rules and guidance as prescribed under securities act ontario, commodity future. Pursuant to osc instrument 504 temporary relief from accrual of late fees charged under ontario securities commission rule 502 fees instrument. Moratorium on late fees for disclosure of outside business. The oscs late fee blanket orders apply in ontario to market participants who are either not eligible for the csa relief or have chosen not to take advantage of it. Amendments to osc rule 502 fees amendments to osc rule 502 fees. Late fees charged under ontario securities commission rule 502 fees.
Notice of amendments to osc rule 502 fees and osc rule. Proposed ontario securities commission rule 45802 implementing national instrument 45106 prospectus and registration exemptions and ontario securities commission rule 45501 ontario prospectus and registration exemptions proposed ontario securities commission rule 32504 under the commodity futures act adviser registration exemption 1. The new rule, which becomes effective on december 1, 2016, will replace the prior asc rules regarding fees. The new fee rule, asc rule 501 fees, introduces some new concepts related to fees, including participation fees for reporting issuers and fees for exempt international firms.
The new osc rule 502 came into force on march 31, 2003. Please refer to alberta securities commission rule 501 fees sec. Notice of ministerial approval of amendments to ontario securities commission rule 502 fees and ontario securities commission rule 503 commodity futures act fees february 8, 2017 unofficial consolidation of osc rule 502 fees and its companion policy effective march 1, 2017. Repeat the above calculation for each other class or series of equity securities of the reporting issuer and a subsidiary pursuant to paragraph 2. Ontario securities commission rule 46501 selfdirected registered education savings plans national instrument 62101 control block distribution issues ontario securities commission rule 81501 mutual fund reinvestment plans and amendments to ontario securities commission rule 502 fees ontario securities commission rule 31503. On august 23, 2012, the ontario securities commission osc released a request for comments on proposed amendments to rule 502 and companion policy 502cp, which deals with the oscs fees model. Private placement of securities in canada 2nd edition bennett jones. Ontario securities commission ontario instrument 504.
The new rule covers the payment of all fees to the asc. Ontario securities commission ontario instrument 504 temporary relief from accrual of late fees charged under ontario securities commission rule 502 fees. Moratorium on late fees will apply while the osc considers streamlining disclosure regime for outside business activities. This is an unofficial consolidation of ontario securities commission rule 502 fees including forms and its companion policy, current to.
The ontario securities commission has approved the revocation and replacement of osc rule 502 fees and osc rule 503 fees and approved the rescission and replacement of companion policy 502cp fees and companion policy 503 cp fees. Ontario securities commission rule 502 fees is amended by this instrument. In 2015, the ontario securities commission osc approved the replacement of osc rule 502 fees ontario fee rule and its companion policy with a. Additional fees for late document filings are set out in appendix d of osc rule 502. Late fees may apply if certain documents that are required to be filed under ontario securities law are not filed on time, including financial statements, annual information forms or notices of exempt distributions. The ontario securities commission, considering that to do so would not be prejudicial to the public interest, orders that effective on april 17, 2020, ontario instrument 504 entitled. October 24, 2019, notice of ministerial approval of amendments to osc rule. A filing must be made with applicable securities commissions and fee paid. Annotated ontario securities legislation, 52nd edition, 2020 provides essential information for practitioners dealing with securities laws in ontario, including full text of the ontario securities act and regulation. This form must be completed and returned to the ontario securities commission by december 1 each year, as required. Changes to ontario participation fees for reporting. Additional guidance regarding the application of 502 can be found in.
Followed up with clients to book face to face meetings with financial. Prior to the changes, participation fees payable under osc. Participation fee certifications december 03, 2019 stikeman elliott changes to participation fee rules now permit ceos, cfos, coos and directors to certify fee forms the ontario securities commission osc recently adopted changes to the rules regarding participation. Osc rule 502 4 ontario percentage means, in relation to a person or company for a previous financial year, a in the case of a person or company that has a permanent establishment in ontario in the previous financial year and no permanent establishment elsewhere, 100%. Osc requests comments on proposed amendments to rule. The ontario securities commission osc has approved amendments to osc rule 502 fees and osc rule 503 commodity futures act fees to implement a moratorium on late fees associated with late disclosures of outside business activities obas. How to determine the fee payable in each jurisdiction. Proposed amendments to osc rule 502 fees and companion policy 502cp fees. On january 19, 2010, the ontario securities commission osc. The osc has established a new fee regime to reduce the overall fees charged to market participants, create a clear and streamlined fee structure and adopt fees that accurately reflect the oscs costs of providing services. April 1, 20 unofficial consolidation rule 502 fees form 502f1 38 from appendix a of the rule, select the participation fee beside the capitalization calculated above did the issuer become a reporting issuer in the previous fiscal year as a result of a prospectus receipt.
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