Unofficial Consolidation: Form 13-502F7 Specified Regulated Entities – Participation Fee
Unofficial Consolidation: Form 13-502F7 Specified Regulated Entities – Participation Fee
Ontario Securities Commission
Form 13-502F7
Unofficial consolidation current to 2015-04-06
This document is not an official statement of law or policy and should be used for reference purposes only.
FORM 13-502F7
SPECIFIED REGULATED ENTITIES – PARTICIPATION FEE
Name of Specified Regulated Entity: _____________________________________
Applicable Calendar Year: ____________________ (2014 or later)
Type of Specified Regulated
Entity: (check one)
○ Recognized exchange or recognized quotation and trade reporting system (complete (1) below)
○ Alternative trading system (complete (2) or (3) below, as applicable)
○ Recognized clearing agency (complete (4) below)
○ Exempt exchange, Exempt clearing agency or Designated Trade Repository (complete (5) below, as applicable)
(1) Participation Fee for applicable calendar year -- Recognized exchange or recognized quotation and trade reporting system
Filer should enter their Canadian trading share for the specified period below:
|
Canadian Trading Share Description |
% (To be Entered by Filer) |
|
Line 1: the share in the specified period of the total dollar values of trades of exchange-traded securities |
|
|
Line 2: the share in the specified period of the total trading volume of exchange-traded securities |
|
|
Line 3: the share in the specified period of the total number of trades of exchange-traded securities |
|
|
Line 4: Average of Lines 1, 2 & 3 above |
|
|
Line 5: Filer is required to Pay the Amount from the corresponding column in the table below based on the average calculated on Line 4 above: |
$ |
|
Canadian trading share for the specified period of up to 5% |
$30,000 |
|
Canadian trading share for the specified period of 5% to up to 15% |
$50,000 |
|
Canadian trading share for the specified period of 15% to up to 25% |
$135,000 |
|
Canadian trading share for the specified period of 25% to up to 50% |
$275,000 |
|
Canadian trading share for the specified period of 50% to up to 75%. |
$400,000 |
|
Canadian trading share for the specified period of 75% or more |
$500,000 |
(2) Participation Fee for applicable calendar year -- Alternative trading system for exchange-traded securities
|
Line 6: If operating an alternative trading system for exchange-traded securities, enter participation fee based on your Canadian trading share (Line 5) |
$ |
|
Line 7: Enter amount of capital markets participation fee paid based on Form 13-502F4 on December 31 of the prior year |
$ |
|
Line 8: Subtract Line 7 from Line 6. If positive, enter the lesser of this amount and $17,000. If zero or negative, there is no Part 4 fee payable and there is a refund due to you of the amount determined |
$ |
(3) Participation fee for applicable calendar year – other alternative trading system
|
Line 9: If operating as an alternative trading system that is not for exchange-traded securities, enter $30,000 |
$ |
|
Line 10: Enter amount of capital markets participation fee based on Form 13-502F4 on December 31 of the prior year |
$ |
|
Line 11: Subtract Line 10 from Line 9. If positive, enter (a) The lesser of this amount and $8,750 if trading in debt or securities trading (b) The lesser of this amount and $17,000 if you are a trading system other than that described in Line 6 or (a) above. If zero or negative, there is no Part 4 participation fee payable and there is a refund due to you. |
$ |
(4) Participation Fee for applicable calendar year -- Recognized clearing agency
For services offered in Ontario Market the filer should enter the corresponding amount in the Fees Payable Column:
|
Services: |
Fee Payable |
|
Line 12: Matching services, being the provision of facilities for comparing data respecting the terms of settlement of a trade or transaction. Enter $10,000 |
$ |
|
Line 13: Netting services, being the provision of facilities for the calculation of the mutual obligations of participants for the exchange of securities and/or money. Enter $20,000 |
$ |
|
Line 14: Settlement services, being services that ensure that securities are transferred finally and irrevocably from one participant to another in exchange for a corresponding transfer of money and/or vice versa. Enter $20,000. |
$ |
|
Line 15: Acting as a central clearing counterparty by providing novation services, if the Commission does not place reliance on another regulator for direct oversight. Enter $150,000 |
$ |
|
Line 16: Acting as a central clearing counterparty by providing novation services, if the Commission places reliance on another regulator for direct oversight. Enter $70,000. |
$ |
|
Line 17: Depositary services, being the provision of centralized facilities as a |
|
|
depositary for securities. Enter $20,000. |
$ |
|
Line 18: Total Participation Fee Payable (Sum of Lines 12-17): |
$ |
(5) Participation Fee for applicable calendar year for other types of specified regulated entities:
|
Line 19: Filer is required to pay the amount below, as applicable. (a) If operating as an Exempt Exchange or Exempt Clearing Agency, enter $10,000 (b) If operating as a Designated Trade Repository, enter $30,000 |
$ |
(6) Prorated Participation Fee:
|
Line 20: If this is the first time paying a participation fee as a specified regulated entity, prorate the amount under subsection 4.6(1) of the Rule. |
$ |
(7) Late Fee
|
Line 21: Unpaid portion of Participation Fee from Sections (1), (2), (3), (4), (5), (6) |
$ |
|
Line 22: Number of Business Days Late |
$ |
|
Line 23: Fee Payable is as follows: |
$ |
(8) Total Fee Payable
|
Line 24: Aggregate Participant Fee from |
$ |
|
Line 25: Late Fee from Line 23 |
$ |
|
Line 26: Fee Payable is amount from |
$ |