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SECURITIES FIRMS
Fees
For the promulgated fees in effect, please refer to the Securities Industry (Fee) Rules, 2024
Summary of Fees for Securities Firms (Registered Pursuant to Part VII)
| Category of Registration | Application Fee | Registration Fee | Annual Renewal Fee |
| (a) Dealing in capital markets instruments | $1,500.00 | $15,000.00 | $16,500.00 |
| (b) Managing capital markets instruments | $1,500.00 | $12,500.00 | $15,000.00 |
| (c) Advising on capital markets instruments | $1,500.00 | $8,500.00 | $11,000.00 |
| (d) Arranging deals in capital markets instruments | $1,500.00 | $6,250.00 | $8,500.00 |
| (e) Persons seeking to register for more than one category under (a)-(d) above | $3,125.00 | Full fee for function with the highest fee and $4,000.00 for each additional category. | Full fee for function with the highest fee and $6,250.00 for each additional category. |
| (f) Persons seeking to register to deal in CFD | $5,000.00 | $20,000.00 | $45,000.00 |
| (g) Except where exempted or reduced by the Commission, a registered CFD firm shall in addition to paying the annual renewal fee prescribed, pay a quarterly activity fee in accordance with the Commission’s current published policy with respect to activity fees. | |||
| (h) CFD Supervisory Officer | $1,250.00 | $3,750.00 | $6,250.00 |
Schedule of pro-rated annual fees
Administrative Fees for Securities Firms
| Description | Filing Fee |
| Appointment or change in directors | $625.00 |
| Approval of issue, transfer or disposal of shares | $625.00 |
| Letters of good standing | $500.00 |
| Replacement certificate (per certificate) | $500.00 |
| Name change | $500.00 |
| Extension to file interim statements for a 1-month period (for a maximum of 2 extension requests) | $700.00 |
| Extension to file audited statements for a 6-month period (for a maximum of 2 extension requests) | $1,000.00 |
| Surrender of registration certificate | $500.00 |
| Application for “exemption” or “waiver” request | $500.00 |
Applications
To apply to conduct registrable securities business, an applicant must submit a completed Form 8 (Application for Registration as a Registered Firm), together with the information and documents specified.
Form 16 Schedule 2 Notice of Exempt Transaction
Ongoing Reporting Obligations and Forms
Ongoing Reporting Obligations for Constituents under the SIA, 2011
| REGISTERED FIRMS | ||
| OBLIGATION | TIMELINE | LEGISLATIVE REFERENCE |
| RENEWAL OF LICENSE | ||
| Fees | Pay fee to the Commission on or before January 31st each year | Regulation 45 |
| Annual Information Update Form | File with the Commission on or before January 31st each year | Regulation 45 Form 10 Annual Information Update Form. |
| FINANCIAL REPORTING | ||
| Interim Financial Statements (Financial Operational Reports) |
File with the Commission within 30 days of the end of each quarter of fiscal year | Section 77 (c) Regulation 50 Form 13, Schedule 2 |
| Annual Financial Statements | File with the Commission by the 120th day after the end of each fiscal year | Section 77 (a) Regulation 49 Form 13, Schedule 2 |
| Annual Report of the Auditor | File with the Commission by the 120th day after the end of each fiscal year | Section 77(b) [Section 76 (2)(b)] Regulation 49 Form 13, Schedule 2 |
| Any other reports and information | File with the Commission upon request | Section 77 (d) |
| Capital Requirements | Maintain at all times adequate financial resources as prescribed by the Commission | Regulation 42 |
| Indemnity Insurance | Maintain at all times appropriate amounts of insurance as required by the Commission | Regulation 43 |
| Outsourcing | File notification with the Commission prior to the proposed outsourcing arrangement | Regulation 44 |
| MATERIAL CHANGE REPORTING | ||
| Notice of Change in Auditor | File notice with the Commission within 10 days of change | Regulation 15 Form 2, Schedule 2 |
| Issue or transfer of securities (approval required) | File written notification no less than 30 days before the proposed transaction | Regulation 46 (2) Form 6, Schedule 2 |
| Notice of change in information – application form | File immediate written notice with the Commission | Regulations 52/54 Form 5, Schedule 2 |
| Notice of change in information after registration | File notice with the Commission within 5 days of the change | Regulations 53 (1)/54 Form 5, Schedule 2 |
| Other Material Changes/Information | File immediate written notice with the Commission | Regulations 53 (2)/54 Form 5, Schedule 2 |
| Transactions affecting financial resources | Obtain written consent prior to change from the Commission | Regulation 55 |
| Notification of Liquidation | Prior approval of the Commission is required | Section 73 Regulation 64 |
| Surrender of Registration | Application must be made to the Commission | Regulation 64 |
Other Information
Alerts and Notices