You may have received an email from Staff of the Ontario Securities Commission (OSC) regarding OSC Staff Notice 13-704 Applications for Participation Fee Relief for Certain Small Registered Firms and Reporting Issuers.

Staff of the OSC believe that participation fee relief may be appropriate in certain circumstances. Where a registered firm meets the following criteria, it may be entitled to a 50% refund or reduction of its Ontario Capital Markets Participation Fees for 2013.

In connection with its 2013 Capital Markets Participation Fees if your firm:

  1. reported Ontario capital markets revenues of less than CAD$1 million in 2013 AND
  2. its 2013 Ontario revenues decreased by at least 50% from its reported revenues in 2011

your firm may be entitled to a refund.

Please note that this relief must be sought by your firm no later than March 31, 2014.

If your firm meets the criteria specified above, and you wish to claim the refund, please contact one of the undersigned or your usual BLG lawyer.

As always, BLG would be pleased to assist you with this or any other matter.

Laurie J. Cook
416.367.6639
LCook@blg.com

Matthew P. Williams
416.367.6261
MWilliams@blg.com

Michael Taylor
416.367.6176
MTaylor@blg.com

Authors

Laurie J. Cook 
LCook@blg.com
416.367.6639

Matthew P. Williams 
MWilliams@blg.com
416.367.6261

Michael Taylor 
MTaylor@blg.com
416.367.6176

Expertise

Investment Management
Financial Services Sectors
Securities, Capital Markets and Public Companies