BCSC Increases Fees

The British Columbia Securities Commission (BCSC) is increasing its fees effective December 30, 2018.

According to the BCSC, the fee changes secure funding needed for effective market oversight and investor protection, including for:

  • Expanding the BCSC's criminal investigations team

  • Enhancing investor education

  • Supporting fintech solutions and examining the regulation of crypto assets

  • Modernizing rules for capital formation

  • Hardening BCSC's cybersecurity defenses

The most significant fee changes are:

  • The annual registration fee for a dealing, advising or associate advising representative will increase by $100

  • The prospectus fee beyond the base fee will increase by one-half basis point of the distributed securities’ value

  • The base fee for filing an exempt distribution report will increase by $100

You can read the full BCSC notice here.

DISCLAIMER: This post is intended to convey general information about legal issues and developments as of the date above. It does not constitute legal advice and must not be treated or relied on as such.