The Ontario Securities Commission, which raised the fees it charges the firms it regulates in 2012, said Thursday it would provide relief to small dealers and companies.
The limited one-time relief of up to $17,275 per firm will reduce the OSC’s revenue and delay its plan to reach full cost recovery by the end of 2016.
“We are confident that this targeted relief is appropriate and responsive to the difficulties faced by some of our stakeholders, but will still allow us to carry out our important regulatory work,” said Maureen Jensen, the OSC’s executive director and chief administrative officer.
Barbara Shecter – Financial post – February 20, 2014.
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