5.1.2 OSC Rule 13-502 Fees and Companion Policy 13-502CP Fees NOTICE OF AMENDMENTS TO OSC RULE 13-502 FEES ... and the Proposed Rule, participation fees are designed to cover Commission costs that are not attributable to activities on behalf of a specific market participant. EX-2 3 form13-502f1oscreportingis.htm CANADIAN FORM OSC PARTICIPATION FEE ... FORM 13-502F1. Reminder: OSC Annual Participation Fee Calculation Forms and Payment November 17, 2017 Ontario-registered firms, unregistered exempt international dealer/adviser firms, and unregistered investment fund managers must file annual participation fee calculations, as prescribed, by December 1.

Prior to the changes, participation fees payable under OSC Rule 13-502 Fees and OSC Rule 13-503 (Commodity Futures Act) Fees and calculated pursuant to a fee form had to be certified by a firm's chief compliance officer and submitted to the OSC by December 1st each year. September 19, 2014 . Stikeman Elliott The OSC yesterday published for comment proposed amendments to its rules that set out the fees to be paid by market participants.

OSC Participation Fees Were Not Reflective of Current Market Cap On April 1, 2013 a revision to OSC Rule 13-502 came into effect which changed how OSC participation fees for reporting issuers were calculated. OSC proposes changes to participation fee calculations. PARTICIPATION FEE MANAGEMENT CERTIFICATION I, _____, an officer of the reporting issuer noted below have examined this Form 13-501F1 (the Form) being submitted hereunder to the Alberta Securities Commission and certify that to my knowledge, having exercised reasonable diligence, the information provided in the Form is complete and accurate. Effective April 6, the OSC is implementing amendments to OSC Rule 13-502 – Fees (the “New Rule”). Late Fee, if applicable (As determined under section 2.7 of OSC Rule 13-502 Fees) $ __ Total Fee Payable (Participation Fee plus Late Fee) $ __ Title: FORM 13-502F3A CLASS 3A REPORTING ISSUERS – PARTICIPATION FEE Author : Ontario Securities Commission Subject: FORM 13-502F3A CLASS 3A REPORTING ISSUERS PARTICIPATION … TORONTO - With the December 1 deadline approaching, OSC’s registrant outreach program will be offering guidance on how to complete your Ontario capital markets participation fee forms at an upcoming registrant outreach seminar and webinar. CLASS 1 REPORTING ISSUERS - PARTICIPATION FEE Reporting Issuer Name: TRANSGLOBE ENERGY CORPORATION End date of last completed fiscal year: December 31, 2012 Common Shares Market value of listed or quoted securities: Total number of securities of a class or series outstanding as at the end …
Subject to Ministerial approval, this new option will be available to industry for the December 1, 2019 participation fee form deadline. Source: The Ontario Securities Commission website September 11, 2015. Although there is no specific guidance in the New Rule, the OSC has confirmed that issuers with a year-end prior to April 5, 2015 are to prepare their participation fees based on the Old Rule and issuers with a year-end following April 5, 2015 are to prepare their participation fees under the New Rule. As of April 16, 2015, OSC Rule 13-502 was revised again to remove this concept of “reference fiscal year” so that an issuer’s participation fee would more closely align to their actual market capitalization for the previous year.