New $13.5-million fee for OTC derivatives market players to launch April 2023
Regulator proposes hefty new fee for OTC derivatives players while cutting fees for others. Comments are being accepted until April
Fees as a share of industry revenues and profits have continued to decline
The model sets out how costs will be shared among credentialing bodies
The provincial regulator has set out its priorities and budgets for the next three years
Extra fees didn't do much to alter behaviour, the SRO found
Fees will be reviewed after markets stabilize and the outcomes of the Capital Markets Modernization Taskforce are known
Late fees incurred between April 17 and June 1 will be waived
SRO fees are being pushed back for small and mid-size firms, which represent 90% of investment dealers
The trade group warns that small dealers may be in peril from the pandemic