FSRA is proposing an amendment to the Fee Rule that, if approved, would reduce New SRO’s fees, recognizing that the Ontario Securities Commission (OSC) already provides oversight of its activities.
FSRA, the OSC, and New SRO are working together to ensure that New SRO’s participation as a credentialing body under the title protection framework would not result in regulatory duplication.
Consultation on the proposed amendment is now open and will close on June 2, 2023. A final proposed Fee Rule will be submitted to the Minister of Finance for approval following the review of the consultation feedback.
During the first consultation, FSRA received over 20 stakeholder submissions and comments. Overall, Stakeholder feedback strongly supports the implementation of an updated fee structure, and therefore, there are no other substantial changes to the Fee Rule.
Full details of the proposed change and a summary of stakeholder feedback are now available:
- Notice of Changes and Request for Further Comment
- Revised Proposed 2022 Fee Rule
- First Consultation on the Proposed 2022 Fee Rule
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