AMF adjusts its annual and other fees

MONTREAL, Dec. 13, 2013 /CNW Telbec/ - As of January 1, 2014, the annual and other fees payable under the laws administered by the Autorité des marchés financiers (the "AMF") will be adjusted.

The adjusted fees are set out in three notices to be published in Part 1 of the Gazette officielle du Québec and in section 1.1 of the AMF Bulletin dated December 12, 2013 (Vol. 10, No. 49). These fees are also on the AMF website under Fees payable to the AMF.

Fees related to the laws and regulations below are adjusted by operation of law on January 1 of each year pursuant to the Financial Administration Act.¹

• An Act respecting the distribution of financial products and services
  Fees in respect of the examination of a distribution guide prescribed by the Regulation respecting distribution without a representative will be adjusted by 0.97% as of January 1, 2014.

• Securities Act
  Fees payable under Chapter II of Title VI of the Securities Regulation will be adjusted by 0.97% as of January 1, 2014.

• 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 regulation Tariff of fees exigible under the Act respecting financial services cooperatives will be adjusted by 0.97% as of January 1, 2014.

• Derivatives Act
  Fees payable under the regulation Tariffs for costs and fees payable in respect of derivatives will be adjusted by 0.97% as of January 1, 2014.

The fees payable below are adjusted based on the rate of increase in the general Consumer Price Index (CPI) for Canada for the period ending September 30, 2013.

• An Act respecting the distribution of financial products and services
  Fees payable under the Regulation respecting fees and contributions payable will be adjusted by 1.1% as of January 1, 2014.

• Money-Services Businesses Act
  Fees and tariffs payable under the Regulation respecting fees and tariffs payable under the Money-Services Businesses Act will also be adjusted by 1.1% as of January 1, 2014.

• An Act respecting contracting by public bodies
  Fees payable under the regulation "Fee related to an application for authorization filed by an enterprise with the Autorité des marchés financiers for public contracts and subcontracts" will be adjusted by 1.1% as of January 1, 2014.

The Autorité des marchés financiers (the "AMF") is the regulatory and oversight body for Québec's financial sector.

^{1 _{Indexation 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 2013}}

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

www.lautorite.qc.ca
Twitter: @lautorite

SOURCE: Autorité des marchés financiers

For further 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

www.lautorite.qc.ca
Twitter: @lautorite