AMF adjusts its annual and other fees

MONTRÉAL, Dec. 18, 2015 /CNW Telbec/ - As of January 1, 2016, 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 17, 2015 (Vol. 12, No. 50). These adjusted fees are also on the AMF website under Fees and costs payable to the AMF.

Fees prescribed in 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 representativewill be adjusted by 1.09% as of January 1, 2016.
• Securities Act
  Fees payable under Chapter II of Title VI of the Securities Regulationwill be adjusted by 1.09% as of January 1, 2016.
• An Act respecting insurance, Deposit Insurance Act, An Act respecting trust companies and savings companies, An Act respecting financial services cooperatives
  Fees payable under theRegulation 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 be adjusted by 1.09% as of January 1, 2016.
• Derivatives Act
  Fees payable under Tariffs for costs and fees payable in respect of derivatives will be adjusted by 1.09% as of January 1, 2016.

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, 2015.

• An Act respecting the distribution of financial products and services
  Fees payable under the Regulation respecting fees and contributions payablewill be adjusted by 1% as of January 1, 2016.
• Money-Services Businesses Act
  Fees and tariffs payable under the Regulation respecting fees and tariffs payable under the Money-Services Businesses Actwill also be adjusted by 1% as of January 1, 2016.
• An Act respecting contracting by public bodies
  Fees payable under Fee related to an application for authorization filed by an enterprise with the Autorité des marchés financiers for public contracts and subcontractswill be adjusted by 1% as of January 1, 2016.
• Voluntary Retirement Savings Plans Act
  Fees and costs payable under the Regulation respecting fees and costs payable for the issuance of an authorization under the Voluntary Retirement Savings Plans Act will be adjusted by 1% as of January 1, 2016.

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

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

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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 2015.

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, www.lautorite.qc.ca, Twitter: @lautorite