Quebec-based financial service firms are facing modest hikes in their regulatory fees under a revised schedule that the Autorité des marchés financiers (AMF) has announced.
The AMF has published its plans for fee increases, starting Jan. 1, 2018, which are set out in a series of notices to be published in the Gazette officielle du Québec. For example, fees payable under securities, derivatives and insurance legislation will be increasing by 0.82%.
Certain other fees are linked to inflation, represented by the consumer price index for the period ending Sept. 30. Those fees, which apply under the legislation governing money services businesses and voluntary retirement savings plans, are going up by 1.6% as of Jan. 1, 2018.
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