The Toronto Stock Exchange (TSX) is hiking its listing fees for large issuers starting in the new year, the exchange announced Friday.

The TSX is increasing its maximum annual listing fee to $125,000 from $110,000.

“For corporate issuers with a market capitalization exceeding $1.27 billion, this will result in an increased fee of up to $15,000,” the TSX says its announcement.

Its other fees for corporate issuers are to remain unchanged, but the exchange is also making some changes to its fees for closed-end funds.

The revised fees will take effect Jan. 1, 2019.

“TSX is keenly aware that our listed issuers have a choice in deciding on a listing venue, both domestically and internationally. We set our fees and make adjustments to our fee schedule with this choice in mind, pricing to compete with other markets while representing the strong value we strive to provide to all of our listed issuer clients,” the exchange says.