October 9, 2013

NRD Release 2.6.1 – NRD System Fees

On Saturday, October 12, 2013, NRD release 2.6.1 will be implemented to activate the new NRD system fees (formerly NRD user fees) as per Multilateral Instrument 13-102 System Fees for SEDAR and NRD which comes into force on this date.

The NRD system fees will be charged as follows:

• NRD submission fee:

• $75 for each Form 33-109F4 submitted for each individual applying for registration or review as a permitted individual in the principal jurisdiction, and

• $20.50 for each Form 33-109F4 submitted for each individual applying for registration or review as a permitted individual in each  additional jurisdiction. (This fee was previously $50 in each additional jurisdiction up to a maximum of 5.)

• Annual NRD system fee:

• $75 for each registrant or permitted individual in the principal jurisdiction, and

• $20.50 for each registrant or permitted individual in each additional jurisdiction.  (This fee was previously $50 in each additional jurisdiction up to a maximum of 5.)

As per MI 13-102, NRD system fees are payable to securities regulatory authorities, and consequently these fees are exempt from taxation. 

Note: Taxes, as applicable, will be charged on all NRD submissions submitted prior to October 12, 2013. Submissions that are in an AFR’ work in progress where fees have not been ‘acknowledged’ as of October 12, will not be charged taxes. Historical payment information, including taxes, will remain on NRD for reconciliation purposes.

You can also find information about NRD system fees at http://nrd-info.ca/fees/fees_index.jsp?lang=en