The Ontario Securities Commission has amended its rules regarding the fees that market players must pay.

The amendments to the Securities Act were delivered to the Minister of Finance on September 17. They should take effect by November 16, or December 1, depending on whether it is approved or just not disapproved.

On May 16, the commission published the amendments for comment. The OSC says it received three submissions.

The OSC says the rule is not being reissued for comment, because the amendments aren’t material, but are to clarify the rule.

It also sent a rule to the Minister establishing a fee regime under the Commodity Futures Act that is consistent with the approach of the Securities Act rule.

Both rules are designed to accomplish three primary purposes: to reduce the overall fees charged to market participants from what existed previously in Ontario; to create a clear and streamlined fee structure; and to adopt fees that accurately reflect the commission’s costs of providing services.