Adjustment Notice – 2017

In accordance with section 83.7 of the Financial Administration ActThis link will open in a new window, chapter A-6.001, the Minister of Finance is hereby publishing the result of the adjustment for 2017 of the fees set by the Government under the above-cited regulations, for the public services offered pursuant to the laws administered by the Autorité des marchés financiers (the “Authority” or the “AMF).

Under section 83.3 of the Financial Administration Act This link will open in a new window, these fees are adjusted by operation of law on 1 January of each year by a rate corresponding 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. The rate corresponding to this annual change for the 12-month period ended September 30, 2016 is set at 0,74% and is published on the website of the Ministère des FinancesThis link will open in a new window and in the Gazette officielle du Québec.

The adjusted fees are rounded off in accordance with the Regulation respecting the rounding off of adjusted feesThis link will open in a new window (chapter A-6.001, r. 01).

Therefore, as of January 1, 2017, the adjusted fees are those appearing below.

List of annual fees and other fees payable under An Act respecting the distribution of financial products and services

The Regulation respecting distribution without a representative This link will open in a new window, chapter D-9.2, r. 8, made under An Act respecting the distribution of financial products and services, chapter D-9.2, prescribes the following fees in particular in respect of the examination of a distribution guide.

Sec.

Par.

S-par.

Description

2017

11

1

 

Examination of a distribution guide filed by an insurer

$1,107

11

2

 

Fees for each additional hour of analysis of the guide (for any period exceeding 10 hours of analysis)

$132

12

 

 

Analysis of any amendment to the distribution guide filed by an insurer (hourly fee)

$132

13

 

 

Extension of time period granted under section 416 of the Act

$277

Pursuant to section 23 of the Regulation respecting fees and contributions payable , c. D-9.2, r.9., established under An Act respecting the distribution of financial products and services, c. D-9.2, annual and other fees payable in connection with professional practice are adjusted as of January 1, 2017 in accordance with the rate of increase in the general consumer price index (CPI) for Canada for the period ending on September 30, 2016, namely, 1,3%.    

List of annual fees and other fees payable

  

Sec.

Par.

Description

2017

Division I: Annual fees

1

 

Fees payable for the issuance or renewal of a representative's certificate for each sector or sector class in which a representative is authorized to act

$91

2

 

Fees payable to register as a firm or an independent partnership and to maintain such registration annually per sector for each representative through which the firm or independent partnership pursues or intends to pursue activities

$91

3

 

Fees payable to register as an independent representative and to maintain such registration annually per sector or sector class in which the representative is authorized to act

$91

Division II: Other fees payable

6  

Fees payable for any file examination
- of a candidate
- of a representative


$36
$37

6.1

 

Fees payable for an application for recognition of equivalence of minimum qualifications

$36

6.2

 

Fees payable for an application for recognition of a privately tutored course

$211

6.3

1

Fees payable for an application for recognition of group insurance of persons courses provided by a training body not subsidized by the Ministère de l'Éducation, du Loisir et du Sport

$211

6.3

2

Fees payable for an application for recognition of a training program not subsidized by the Ministère de l'Éducation, du Loisir et du Sport (cost per course)

Fees payable for the analysis of additional documents related to an application for recognition of a training program not subsidized by the Ministère de l'Éducation, du Loisir et du Sport (cost per hour)

$211

 

$105

6.4

 

Fees payable for an application to analyze the qualifications of a supervisor

$36

7

 

Fees for any other file examination payable by a firm, an independent representative or an independent partnership

$50

8

 

Fees payable for the reprinting of a certificate

$42

9

 

Fees payable for an official attestation of the issuance of a certificate or registration

$84

10

 1-3

Fees payable for the examinations prescribed by the Authority

  • to determine eligibility
  • to register for the examinations in each sector
  • for each application to review examination results
 

 

$70
$141
$42

10.1

 

Fees payable to postpone an examination prescribed by the AMF

$70

10.2

 

Fees payable to disclose information in writing to a third party with the authorization of a candidate

$24

11

 

Fees for issuance of a training attestation
Fees for issuance of a probationary certificate

$30
$30

12

1

Cost of a training manual sold by the AMF

$84

12

2

Cost of a manual reproducing the legislation applicable to the activities of a representative

$26

15

 

Fee charged for an “NSF” cheque

$36

20

 

Fees payable for the printing or reproduction by the AMF of prescribed forms (cost per form)

$1