The move aims to address securities industry complaints about trading costs being too high
Changes to the fees for each of TSX, TSX Venture and TSX Alpha Exchange take effect on June 1
The CSA is not going ahead with a similar planned pilot in Canada because of the risk inter-listed trading would migrate to the U.S.
Fees will finance debt market oversight efforts
Proposed changes include “entitlement and corporate action event management” fees for issuers
First phase will result in an estimated 26% reduction of active fees
Lower fees intended to reduce costs for dealers, encourage greater liquidity
25% of firms will see a decrease and 37% will see an increase in fees under the new dealer regulation model
Burner failed to reimburse clients for DSCs on fund trades
The Mutual Fund Dealers Association of Canada is pushing ahead with proposed rule changes to improve the disclosure of transaction costs for clients despite some objections from members of the financial services industry.The MFDA had published a proposed new rule for comment this past summer. That rule would require mutual fund dealers to tell clients […]