Ontario Instrument 13-510 and 13-511: OSC makes temporary exemption orders from late fees for late filings of certain reportable activities (including outside activities)

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On February 13, 2023, the OSC issued two general orders providing temporary exemptions in respect of late fees for the late filing of certain registration-related information, where the filing is made on or after February 13, 2023 and before April 3, 2023.

The orders are intended to reduce regulatory burden, consistent with previous outside activity late-fee moratoriums and fee rule amendments that will come into force on April 3, 2023. The fee rule amendments will permanently eliminate the late fees which are the subject matter of the temporary exemptions in the orders.

Here are links to the full text of each of the orders and related Notices containing additional details:

OSA Order

Ontario Instrument 13-510 Temporary Exemption from the Late Fee under Subsection 6.4(1) of OSC Rule 13-502 for the Late Filing of a Form 33-109F5 to Amend Item 10 of Form 33-109F4, which includes Disclosure Requirements in respect of Certain Outside Activities

Notice of General Order – Ontario Instrument 13-510 Temporary Exemption from the Late Fee under Subsection 6.4(1) of Ontario Securities Commission Rule 13-502 Fees for the Late Filing of a Form 33-109F5 to Amend Item 10 of Form 33-109F4, which includes Disclosure Requirements in respect of Certain Outside Activities

CFA Order

Ontario Instrument 13-511 Temporary Exemption from the Late Fee under Section 3.3 of Ontario Securities Commission Rule 13-503 (Commodity Futures Act) Fees for the Late Filing of a Form 33-506F5 to Amend Item 10 of Form 33-506F4, which includes Disclosure Requirements in respect of Certain Outside Activities

Notice of General Order – Ontario Instrument 13-511 Temporary Exemption from the Late Fee under Section 3.3 of Ontario Securities Commission Rule 13-503 (Commodity Futures Act) Fees for the Late Filing of a Form 33-506F5 to Amend Item 10 of Form 33-506F4, which includes Disclosure Requirements in respect of Certain Outside Activities

If you have questions

Any questions regarding the foregoing may be addressed to the OSC Contact Centre, Tel: 1-877-785-1555, or email: [email protected].