Significant changes to the rules and procedures relating to fees
charged by the Alberta Securities Commission
(ASC) will be effective as of December 1, 2016. The new fee
rule, ASC Rule 13-501
Fees, introduces some new concepts related to
fees, including participation fees for reporting issuers and fees
for exempt international firms.
Perhaps the most significant change is that reporting issuers
are subject to a participation fee similar to what is currently
employed by the Ontario Securities Commission. Specifically,
fees for reporting issuers will be based on the firm's
capitalization and certain other characteristics of the firm, such
as whether its securities are listed and the place of incorporation
of the firm. Recognized exchanges and recognized quotation
and trade reporting systems, will also be subject to a
participation fee model. Fees payable by such entities are
based on their Canadian trading share during the specified
period.
