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 ActThis 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.

The Securities Regulation, chapter V-1.1, r. 50, made under the Securities Act, chapter V-1.1, prescribes the following fees in particular.

List of annual fees and other fees payable under the Securities Act

Sec.

Par.

S-par.

 Description

2017

267

1

1

Filing a draft prospectus or a preliminary prospectus

$1,107

267

1

1

Filing a draft prospectus or a preliminary prospectus in the case of a money market mutual fund

$5,537

267

1

2

Filing a preliminary shelf prospectus

$5,537

267

1

4

Minimum amount at the time of filing a report of exempt distribution

$277

267

1

8

Filing an amendment to a prospectus

$277

267

1

8

Filing an amendment to a prospectus to increase the number or value of the securities to be distributed, payment corresponding to the surplus over the following amount

$277

267

1

9

Filing a geological report

$137

267

1

9

Filing a geological report if the report concerns more than 2 properties, fees per property

$55.25

267

1

10

Filing the information required in compliance with the second paragraph of section 12 of the Act

$111

267

1

11

Filing an escrow agreement

$553

268

1

1

In the case of a continuous distribution, the fee to be paid is equal to the amount exceeding the following amount *

$1,099

268

1

1

In the case of a continuous distribution, in the case of a money market fund, the fee to be paid is equal to the amount exceeding the following amount*

$5,496

268.1

   

Fee to be paid at the time of filing the report prescribed by section 94 of the Regulation is equal to the amount exceeding the following amount

$1,107

271.21

 

1

Filing of the annual financial statements by the issuer which may avail itself of the simplified prospectus regime

$2,215

271.2

 

2

Filing of the annual financial statements by an issuer other than the issuer mentioned in paragraph 1, but one which has a security listed on a Canadian stock exchange

$1,107

271.21

 

3

Filing of the annual financial statements by the issuer not mentioned in paragraph 1 or 2

$553

271.21

 

4

Filing of the annual financial statements by a mutual fund

$553

271.21

 

6

Filing of the annual financial statements by an issuer not mentioned in paragraphs 1 to 4

$553

271.21

 

7

Filing an application prescribed by section 69 of the Act to revoke the issuer's status as a reporting issuer or to release the issuer from its continuous disclosure obligations

$111

271.21

 

9

Filing a statement of material change pursuant to section 73 of the Act

$111

271.3

   

Filing of the annual report by a savings and credit union

$387

271.4

1

1

Filing the bid and the take-over or issuer bid circular prescribed by regulation

$1,107

271.4

1

1

A payment equal to the surplus over the following amount of the amounts under subparagraphs (a) and (b)

$1,107

271.4

1

1.1

Filing the press release required of the person who makes a normal course issuer bid

$1,107

271.4

1

1.1

A payment equal to the surplus over the following amount of the amounts under subparagraphs (a) and (b)

$1,107

271.4

1

2

Filing the notice of change or notice of variation

$553

271.4

1

2

The surplus over the following amount of 0.02% of the additional consideration added by the amendment, on the basis given in paragraph 1

$553

271.4

2

 

Fee to be paid by the offeree issuer when filing the circular of the board of directors

$553

271.4.1

   

Filing the documents or the advertisement provided for under a foreign take-over or issuer bid exemption or a de minimis exemption prescribed by regulation

$1,107

271.5

1

1

Application for registration as a dealer, as an adviser or as an investment fund manager (except a mutual fund dealer or a scholarship plan dealer)

$1,661

271.5

1

1.1

Application for registration as a mutual fund dealer or a scholarship plan dealer

$55.25

271.5

1

2(a)

Application for registration as a representative of a dealer which is a member of a self-regulatory organization

$167

271.5

1

2(b)

Application for registration as a representative of an investment dealer if they are not a member of such a self-regulatory organization, or of an adviser

$415

271.5

1

2(c)

Application for registration as a representative of a dealer with a restricted practice or an exempt market dealer

$332

271.5

1

2(d)

Application for registration as a representative of a mutual fund dealer or a scholarship plan dealer

$210

271.5

1

2.1(a)

Application for registration as chief compliance officer or ultimate designated person of an investment dealer, an adviser or an investment fund manager

$415

 

271.5

1

2.1(b)

Application for registration as chief compliance officer or ultimate designated  person of a restricted dealer or an exempt market dealer

$332

271.5

1

2.1(c)

Application for registration as chief compliance officer or ultimate designated  person of a mutual fund dealer or a scholarship plan dealer

$210

271.5

1

3(a)

Annual payment on December 31 of each year in the case of an investment dealer

$1,661

271.5

1

3(b)

Annual payment for each representative, registered on December 31, of an investment dealer

$415

271.5

1

3(b)

Annual payment for each representative, registered on December 31, of an investment dealer which is a member of a self-regulatory organization

$194

271.5

1

3(c)

Annual payment for each establishment of an investment dealer

$83

271.5

1

4(a)

Annual payment on December 31 of each year in the case of a dealer with a restricted practice or an exempt market dealer

$1,661

271.5

1

4(b)

Annual payment for each representative, registered on December 31, of a dealer with a restricted practice or an exempt market dealer

$415

271.5

1

4(c)

Annual payment for each establishment of a dealer with a restricted practice or an exempt market dealer

$83

271.5

1

4.1

Annual payment on December 31 of each year in the case of a mutual fund dealer or a scholarship plan dealer, for each representative registered at the end of the financial year

$177

271.5

1

5(a)

Annual payment on December 31 of each year in the case of a securities adviser

$1,661

271.5

1

5(b)

For each representative, registered on December 31, of a securities adviser

$415

271.5

1

5.1

Annual payment on December 31 of each year in the case of an investment fund manager

$1,661

271.5

1

6(a)

At the time of the filing of Form 33-109F4 of Regulation 33-109 respecting Registration Information by or on behalf of a permitted individual who acts on behalf of an investment dealer (except if the dealer is a member of a self-regulatory organization)

$415

271.5

1

6(b)

At the time of the filing of Form 33-109F4 of Regulation 33-109 respecting Registration Information by or on behalf of a permitted individual who acts on behalf of a restricted dealer or an exempt market dealer

$332

271.5

1

6(c)

At the time of the filing of Form 33-109F4 of Regulation 33-109 respecting Registration Information by or on behalf of a permitted individual who acts on behalf  of an adviser or an investment fund manager

$415

271.5

1

8

Fee per hour per inspector with respect to the preparation of an inspection, the inspection itself and the follow-up of the recommendations

$94.25

271.5

1

9

Reinstatement of the registration of a representative of an exempt market dealer, a representative of a restricted dealer or a representative of an adviser

$55.25

271.5

1

11

Filing of a notice relating to the acquisition of a registrant's securities or assets under Regulation 31-103 respecting Registration Requirements and Exemptions (except in the case of a mutual fund dealer and a scholarship plan dealer)

$553

271.5.1

   

Fee per hour per inspector payable by any investment fund incorporated or organized under an Act that provides for an inspection

$94.25

271.6

 

1

Application for an exemption from a requirement prescribed by the Act or a regulation

$553

271.6

 

1

Application for an exemption related to a take-over or issuer bid and for an exemption from the valuation report required by regulati53

$1,107

271.6

 

1.1

Application for an exemption from a requirement prescribed by the Act or a regulation in respect of a distribution

$553

271.6

 

1.1

Following an exempt distribution, 0.025% of the gross value of the securities distributed in Québec, subject to an additional minimum of

$277

271.6

 

1.2

Application to designate an accredited investor

$553

271.6

 

2

Application to regularize a previous issue of securities prescribed by section 338.1 of the Act

$277

271.6

 

4

Application prescribed by section 68 or 68.1 of the Act

$277

271.6

 

5

Filing of a valuation report required by regulation

$553

* Indexation must be deferred one year since this amount corresponds to the amount paid by the issuer at the time of filing a prospectus used for the distribution of its securities during its most recently completed financial year.