Register today for OSC Dialogue 2024: Inviting, thriving and secure capital markets
Notice of Coming into Force of OSC Rule 81-509 Extension to Ontario Instrument 81-508 Temporary Exemptions from the OEO Trailer Ban to Facilitate Dealer Rebates of Trailing Commissions and Client Transfers
Notice of Coming into Force of OSC Rule 81-509 Extension to Ontario Instrument 81-508 Temporary Exemptions from the OEO Trailer Ban to Facilitate Dealer Rebates of Trailing Commissions and Client Transfers
On December 1, 2023, pursuant to section 143.4 of the Securities Act (Ontario), the following local rule came into force:
• OSC Rule 81-509 Extension to Ontario Instrument 81-508 Temporary Exemptions from the OEO Trailer Ban to Facilitate Dealer Rebates of Trailing Commissions and Client Transfers (the Rule).
On July 18, 2023, the Ontario Securities Commission approved the Rule. The Rule was published in the Bulletin on August 31, 2023 at (2023), 46 OSCB 7033. The text of the Rule is published in Chapter 5 (2023), 46 OSCB 9911 of this Bulletin.
The Rule extends the blanket relief issued on March 18, 2022 by Ontario Instrument 81-508 Temporary Exemptions from the OEO Trailer Ban to Facilitate Dealer Rebates of Trailing Commissions and Client Transfers by 18 months. The Rule will cease to be effective on May 31, 2025.