The failure of the Canadian Securities Administrators’ online insider reporting system will mean a fee roll back for issuers and insiders.

The Commission des valeurs mobilières du Québec reports that since the System for Electronic Disclosure by Insiders has been taken out of service, the increases to the SEDAR annual service charges will be cancelled. The higher charges, which came into effect on January 2, and will be rolled back to pre-SEDI levels in the March 4, 2002 SEDAR code update.

CDS Inc. will be issuing refund cheques to filers who have already paid these annual service charges.