OSC Temporarily Waives Late Fees

In recognition of challenges faced by market participants during the COVID-19 pandemic, the Ontario Securities Commission (OSC) has temporarily waived late fees that accumulate between April 17, 2020 and June 1, 2020 for market participants.

Pursuant to OSC Instrument 13-504 Temporary Relief from Accrual of Late Fees Charged under Ontario Securities Commission Rule 13-502 Fees (Instrument 13-504), the OSC has temporarily suspended the accrual of late fees under OSC Rule 13-502 Fees (Rule 13-502) for the period beginning on April 17, 2020 and ending on June 1, 2020. Market participants must continue to pay fees in accordance with Rule 13-502 and OSC Rule 13-503 (Commodity Futures Act) Fees. However, Instrument 13-504 will prevent the accumulation of late fees charged under these OSC rules.