Rule 2022 – 001 Assessments and Fees
The Minister of Finance approved the Rule 2022 – 001 Assessments and Fees on September 13, 2023. The approved rule is in effect as of December 1, 2023.
The Fee Rule governs how FSRA assesses and collects fees from the sectors it regulates and aligns with the principles of fairness, consistency, and transparency. It ensures fees appropriately and accurately reflect the regulatory efforts and activities required to enhance consumer protection.
View prior notices and comments:
Substance and purpose of fee rule
The substance and purpose of the Fee Rule is to ensure that FSRA is a self-funded agency that operates on a cost recovery basis, in accordance with the FSRA fee rule vision and principles, to enable FSRA to carry out its legislated mandate.
Prior Rule 2019 – 001 Assessments and Fees
Rule 2019 – 001 Assessments and Fees will remain in effect until December 1, 2023. On this date, Rule 2022 – 001 Assessments and Fees comes into effect and will supersede Rule 2019 – 001 Assessments and Fees. Rule 2019 – 001 Assessments and Fees will no longer be in effect after December 1, 2023.
Prior versions/amendments:
On March 10, 2022, the Minister of Finance approved amendments to Rule 2019-001 – Assessments and Fees, which establish the fee structure for the Financial Planner/Financial Advisor Title Protection Framework. The amendments came into force on March 28, 2022.
On January 14, 2022, amendments to Rule 2019-001 – Assessments and Fees were submitted to the Minister of Finance for approval.
The original Rule 2019-001 – Assessments and Fees was approved by the Minister of Finance on May 24, 2019, and came into force on June 8, 2019.