AMF adjusts its annual and other fees
MONTRÉAL, Dec. 13, 2012 /CNW Telbec/ - As of January 1, 2013, the Autorité des marchés financiers (the "AMF") will adjust certain annual and other fees payable pursuant to the laws it administers. These fees are, with exceptions, adjusted by operation of law on January 1 of each year pursuant to the Financial Administration Act.1
All adjusted fees are set out in two notices. The first notice was published in Part I of the Gazette officielle du Québec and section 1.1 of the AMF Bulletin on December 13, 2012 (Vol. 9, No. 50). The second notice will be published in Part I of the Gazette officielle du Québec dated December 29, 2012. These fees are also on the AMF website under Fees payable to the AMF.
An Act respecting the distribution of financial products and services
Fees payable under the Regulation respecting fees and contributions payable of An Act
respecting the distribution of financial services will be adjusted based on the rate of increase in the general Consumer
Price Index (CPI) for Canada for the period ending September 30, 2012.
The increase applicable as of January 1, 2013 will be 1.2%.
Fees in respect of the examination of a distribution guide prescribed by the Regulation respecting distribution without a representative (Regulation No. 8) will be adjusted by 2.48% as of the same date.
Money-Services Businesses Act
Fees and tariffs payable under the Regulation respecting fees and tariffs payable under the Money-Services
Businesses Act will be adjusted by 1.2% as of January 1, 2013.
Securities Act
Fees payable under Chapter II of Title VI of the Securities Regulation will be adjusted by 2.48% as of January 1, 2013.
An Act respecting insurance, Deposit Insurance Act, An Act respecting trust companies and savings companies, An Act respecting financial services cooperatives
Fees payable under the Regulation under the Act respecting insurance, the Regulation respecting the application of the Deposit Insurance Act, the Regulation under the Act respecting trust companies and savings
companies and the Tariff of fees exigible under the Act respecting financial services
cooperatives will also be adjusted by 2.48% as of January 1, 2013.
Derivatives Act
Fees payable under the Tariffs for costs and fees payable in respect of derivatives of the
Derivatives Act will also be adjusted by 2.48% as of January 1, 2013.
The Autorité des marchés financiers (the "AMF") is the regulatory and oversight body for Québec's financial sector.
1Indexation corresponds to the annual change in the overall average Québec consumer price index without alcoholic beverages and tobacco products for the 12-month period ending on 30 September of the year preceding the year for which the fee is to be adjusted.
Information:
Media only:
Sylvain Théberge: 514-940-2176
Information Centre:
Québec City: 418-525-0337
Montréal: 514-395-0337
Toll-free: 1-877-525-0337
Twitter: @lautorite
SOURCE: Autorité des marchés financiers
Media only:
Sylvain Théberge: 514-940-2176
Information Centre:
Québec City: 418-525-0337
Montréal: 514-395-0337
Toll-free: 1-877-525-0337
Twitter: @lautorite
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