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November 5, 2020
Annual Fee Information for 2021
Preliminary Annual Fee Calculation
On December 1 each year, NRD generates a Preliminary Annual Fee Summary for
the payment of fees for your firm. This summary is a projected amount based
on the current number of active individuals and locations recorded in NRD
and/or current Ontario participation fee. The amount of fees to be paid is
subject to changes based on addition or termination of individuals, firm
locations and/or an update to the firm’s Ontario participation fee
prior to annual fee pull on December 31.
To determine and notify the OSC regarding participation fees payable, go to
http://www.osc.gov.on.ca/en/Dealers_forms_index.htm
and submit the applicable online form 13-502F4 or 13-503F1. A late filing
fee will incur if the applicable form was filed after December 1,
2020.
The annual NRD Systems Fee will be calculated as per Multilateral Instrument
13-102. You can find information about the NRD System Fee at https://nrd-info.ca/fees/fees_index.jsp?lang=en
To see the Preliminary Annual Fee Summary:
- Log into to NRD at www.nrd.ca
- Select ‘Firm Information'
- Select ‘Annual Fee Summary’
You can find instructions for a more detailed break down at https://www.nrd-info.ca/using/hint7.jsp?lang=en.
To create a detailed fee report:
- Log into NRD at www.nrd.ca
- Select ‘Admin Tools’
- Select ‘Reports’
- Select ‘Generate Annual Fee Detailed Report’
A variety of criteria can be used to generate the report. You can produce a
report of either ‘Preliminary’ or ‘Final’ annual fee
information through the ‘Summary Type’ drop-down selection.
Individuals that are not continuing registration in the new
year
For individuals who are terminating or surrendering their registration prior
to the new year, you must submit an ‘Annual Fee Exclusion’ for
each individual if you have not filed the individual’s Notice of
Termination prior to December 31. This will ensure that fees for these
individuals are not included in your Final Annual Fee Payment. If you have
not already submitted a notice of termination or surrender of registration
for such individuals, you must do so within the deadlines under National
Instrument 33-109. Annual fee exclusions filed for individuals who decide to
continue on with registration in 2021 must be reversed by filing the Annual
Fee Reversal prior to December 31. The reversal is also applicable to annual
exclusion filings made in error.
You can find instructions for filing the annual fee exclusion/reversal at https://www.nrd-info.ca/using/hint8.jsp?lang=en.
Final Annual Fee Payment
NRD will calculate your final annual fee payment on December 31. This amount
will be withdrawn from your firm’s NRD bank account on the first
business day following January 1. A ‘Final Annual Fee Summary’
and a ‘Final Annual Fee Detailed Report’ can be created by
following the same steps as above for the Preliminary Annual Fee Summary.
Individuals with ‘Registration in an Additional Jurisdiction
(NI33-109F4)’ or ‘Reinstatement of Registration
(NI33-109F7)’ submissions pending on December 31, 2020 are subject
to annual regulatory and system fees
Individuals who file Reinstatement of Registration (NI33-109F7) or
Registration in an Additional Jurisdiction (NI3-109F4) submissions are
automatically registered under NI31-103 as of the date the submission is
filed. As a result, these individuals are subject to annual regulatory and
system fees even if the submission has not yet been approved as of December
31. Annual fees for these individuals are not automatically calculated by
NRD and will not be included in your firm’s final annual fee
payment.
In early January, regulators will notify affected firms of additional annual
fees owing for these individuals. Authorized firm representatives will be
able submit the applicable fees using the ‘Resubmit Fee’
function in NRD.
NRD Availability
NRD will be unavailable during the Annual Fee process as follows:
- Preliminary Annual Fee Calculation: December 1, 1:00 AM – 9:00 AM
ET
- Final Annual Fee Payment: December 31, 3:00 PM – January 1, 6:00
AM ET
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