Manitoba Securities Commission Staff Notice 2010-53 Notice of Amendments to fee Regulation under The Commodity Futures Act Manitoba Regulation 179/99 Amendments to the fee regulation under The Commodity Futures Act (the “Act”) have been enacted effective December 20, 2010. The amendments change several of the fees applied under the Act for various registration matters. The amendments more closely align fees charged under the Act with similar fees charged under The Securities Act. Percentage fees that were unique to Manitoba have been eliminated to improve the efficiency of the National Registration Database (“NRD”). Other fees have been reduced, and in some cases eliminated. The fee collection function of NRD has been updated to reflect the amended fee structure. A listing summarizing the applicable fee changes is attached to this Notice. December 24, 2010 Questions can be referred to: Isilda Tavares Deputy Director – Registrations
Amendments to fees assessed under The Commodity Futures Act Summary of fee changes resulting from amendments to Manitoba Regulation 179/99 Description of service Fee Former Current Annual fee to register a branch1 $250 Fee to close a branch1 $100 Annual fee to register Non-trading officers and $300 directors of a Dealer1 Annual fee to register Non-trading officers and $300 directors of an Advisor1 Annual fee to register an individual with a Dealer $150 where the individual is also registered under The Securities Act2 Annual fee to register an individual with an $200 Advisor where the individual is also registered under The Securities Act2 Annual fee to register an individual under the $400 Advisor category1 Fee to terminate the registration of an $100 individual1 Fee to transfer the registration of an individual $100 from one Dealer or Advisor to another within three months1 Notes: 1. These fees are reduced or eliminated to be consistent with similar fees assessed under the fee regulation to The Securities Act. 2. The percentage fee formerly applicable to registrants registered under both The Commodity Futures Act and The Securities Act has been eliminated. 3. An application by an individual to transfer registration made after three months following termination of registration requires a new application for registration pursuant to National Instrument 33-109. A fee of $300 applies. This chart is intended to be a summary of the fee changes for general information only. It is recommended that users refer directly to the fee regulation for specific legal wording. Section of Regulation Former Current $200 2(b) 2(1)(c) 0 10 10.1 0 2(c) n/a 0 5(c) n/a $300 8(1) -- $300 8(2) -- $300 5(c) 2(1)(c) $50 10(1) 10(1.1) $75 10(1) 2(1)(b)(iii)
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