D-9.2, r. 9 - Regulation respecting fees and contributions payable

Updated to 1 September 2012

This document has official status.

chapter D-9.2, r. 9

Regulation respecting fees and contributions payable

Act respecting the distribution of financial products and services

(chapter D-9.2, ss. 203, 225 and 226).

The duties and fees prescribed in the Regulation have been indexed as of 1 January 2012 pursuant to the notice published in Part 1 (French) of the Gazette officielle du Québec of 31 December 2011, page 1396.(ss. 1 to 16, 18 and 21)

O.C. 836-99; O.C. 1185-2005, s. 1.

DIVISION I ANNUAL FEES

1. The fees payable for the issuance renewal of a representative’s certificate are $85 for each sector or sector class in which a representative is authorized to act.

O.C. 836-99, s. 1.

2. The fees payable to register as a firm or an independent partnership with the Autorité des marchés financiers and to maintain such registration annually are $85 per sector for each representative through which the firm or independent partnership pursues or intends to pursue activities.

O.C. 836-99, s. 2; O.C. 1204-2004, s. 3.

3. The fees payable to register as an independent representative with the Authority and to maintain such registration annually are $85 per sector or sector class in which the representative is authorized to act.

O.C. 836-99, s. 3; O.C. 1204-2004, s. 3.

DIVISION I.1 CONTRIBUTION TO THE FONDS D’INDEMNISATION DES SERVICES FINANCIERS

O.C. 1185-2005, s. 2.

3.1. The contribution to be paid by an independent representative and by a firm or an independent partnership to the Fonds d’indemnisation des services financiers for each representative through whom the firm or the independent partnership pursues or intends to pursue its activities is, for each sector in which the representative is authorized to pursue activities,

(1)  $160 for each of the damage insurance, the insurance of persons and the group savings plan brokerage sectors; and

(2)  $100 for the other sectors.

If a representative operates in more than one sector, the contribution is discounted by $75 for each additional sector.

Despite the foregoing, the contribution for 2008 to 2011 is $260 per representative for the group savings plan brokerage sector.

O.C. 1185-2005, s. 2; O.C. 1099-2007, s. 1.

DIVISION II OTHER FEES PAYABLE

4. The fees payable by a candidate to open a file in his name are $45.

O.C. 836-99, s. 4.

5. The fees payable to open a file in the name of an applicant for registration with the Authority are $53.

O.C. 836-99, s. 5; O.C. 1204-2004, s. 3.

6. The fees payable for any other file examination of a candidate are $35 and $36 for a representative.

However, the fees payable for the examination of the file of a candidate seeking formal recognition of his experience are $166.

O.C. 836-99, s. 6.

7. The fees for any other file examination that are payable by a firm, an independent representative or an independent partnership are $46.

O.C. 836-99, s. 7.

7.1. The fees payable at the time of an application for an exemption from a requirement prescribed by the Act respecting the distribution of financial products and services (chapter D-9.2) or any of its regulations are $506.

O.C. 1185-2005, s. 3.

8. The fees payable for the reprinting of a certificate are $40.

O.C. 836-99, s. 8.

9. The fees payable for an official attestation of the issuance of a certificate or of registration are $78.

O.C. 836-99, s. 9.

10. The fees for examinations prescribed by the Authority are:

(1)  $132 per examination sitting;

(2)  $40 per request to review an examination.

O.C. 836-99, s. 10; O.C. 1204-2004, s. 3.

11. The fees for issuance of a training attestation are $29.

O.C. 836-99, s. 11; O.C. 1204-2004, s. 3.

12. The cost of a training manual suggested and sold by the Authority for the purpose of taking examinations in the sector of insurance of persons is $78.

O.C. 836-99, s. 12; O.C. 1204-2004, s. 3.

13. The cost of the training manual suggested and sold by the Authority for the purpose of taking examinations in the sector of group insurance of persons is $78.

O.C. 836-99, s. 13; O.C. 1204-2004, s. 3.

14. The cost of the training manual suggested and sold by the Authority for the purpose of taking examinations in the sector of damage insurance is $78 per volume.

O.C. 836-99, s. 14; O.C. 1204-2004, s. 3.

15. The fee charged for an “NSF” cheque is $35.

O.C. 836-99, s. 15.

16. The fees payable for an inspection of an insurer not registered as a firm with the Authority are $157 per hour per inspector.

O.C. 836-99, s. 16; O.C. 1204-2004, s. 3.

17. The fees for transcription of stenographic notes are $2.50 per page.

O.C. 836-99, s. 17.

18. The cost of forms prescribed by the Authority for the replacement of a policy is $1 per form.

O.C. 836-99, s. 18; O.C. 1204-2004, s. 3.

19. The cost of notices and forms prescribed pursuant to section 209 of the Act, is $10 per batch of 100.

O.C. 836-99, s. 19; O.C. 1185-2005, s. 4.

20. The cost of other forms supplied by the Authority is $10 per batch of 100.

O.C. 836-99, s. 20; O.C. 1204-2004, s. 3.

21. The fees payable for retracing a life insurance policy are $35.

O.C. 836-99, s. 21.

22. The annual subscription fees for a printed version of the Authority’s Bulletin are $120.

O.C. 836-99, s. 22; O.C. 1204-2004, s. 3.

DIVISION III INDEXATION

23. Annual fees and other fees payable are adjusted annually on 1 January of each year in accordance with the rate of increase of the general consumer price index for Canada for the period ending on 30 September of the preceding year, as determined by Statistics Canada. They are rounded down to the nearest dollar if they include a fraction of a dollar lower than $0.50 and rounded up to the nearest dollar if they include a fraction of a dollar that is equal to or greater than $0.50.

The result of the annual indexation is published yearly in Part 1 of the Gazette officielle du Québec and in the Bulletin referred to in section 193 of the Act.

O.C. 836-99, s. 23.

DIVISION IV FINAL AND TRANSITIONAL PROVISIONS

24. (Revoked).

O.C. 836-99, s. 24; O.C. 1204-2004, s. 1; O.C. 1099-2007, s. 2.

25. (Revoked).

O.C. 836-99, s. 25; O.C. 1204-2004, s. 2; O.C. 1099-2007, s. 2.

26. (Revoked).

O.C. 836-99, s. 26; O.C. 1204-2004, s. 4.

27. (Revoked).

O.C. 836-99, s. 27; O.C. 1204-2004, s. 4.

28. (Revoked).

O.C. 836-99, s. 28; O.C. 1204-2004, s. 4.

29. (Omitted).

O.C. 836-99, s. 29.

REFERENCES

O.C. 836-99, 1999 G.O. 2, 2102

O.C. 1204-2004, 2005 G.O. 2, 63

O.C. 1185-1005, 2005 G.O. 2, 5161

O.C. 1099-2007, 2007 G.O. 2, 3655A