Securities

The securities division of The Manitoba Securities Commission protects investors and promotes fair and efficient capital markets throughout the province by conducting operations including registrations, processing of applications and prospectuses, preparing matters for the referral to the Commissioners and conducting investigations, prosecutions and other hearings.

The Manitoba Securities Commission is the independent office that protects investors and promotes fair and efficient business practices in Manitoba. It registers firms and individuals in the business of trading in or advising on securities or exchange contracts in the province.

This section provides information about who must register, how to register, and the fees and forms required to register under the various Acts the MFSA regulates.

This section provides information about who must register, how to apply, and how to maintain compliance with The Securities Act (Manitoba), The Commodities Futures Act (Manitoba), and National Instrument 31-103.

For more information:

For all registration enquiries please contact registrationmsc@gov.mb.ca.

If you are unsure about which category you or your firm should apply to register under, ask your sponsoring firm. The Manitoba Securities Commission is a regulatory agency and cannot provide legal or professional advice.

Fees

Fees under The Securities Act (Manitoba) and The Commodity Futures Act are as follows:

CategorySecuritiesCommodities
Firm Registration$750 Per Registration Category$1,000
Amendment of firm registration$100$100
Individual Registration$300$300
Reactivation of individual registration (three or more months)$300$300
Reinstatement of individual registration (less than three months)$75$75
For each business location or new business location of a registered firm$200$200
Individual termination notice$50$50
Amalgamation or merger of two or more registrants–$100
Miscellaneous applications–$650
Form 31-103F2 International Dealer and/or Adviser Exemption$1,150–

NRD Systems Fees for SEDAR+ and NRD Regulation –The Securities Act (Manitoba)

NRD System Fees Regulation – The Commodity Futures Act

Fees are to be paid by electronic funds transfer through the National Registration Database (NRD). If a firm has been granted an exemption from the requirement to pay fees through NRD under Part 4 of National Instrument 31-102 National Registration Database, fees can be paid by cheque made payable to: Minister of Finance Manitoba.

Annual National Registration Database user fee

NRD submission fee:

  • $138 for each Form 33-109F4 submitted for each individual applying for registration or review as a permitted individual in the principal jurisdiction.

Annual NRD system fee:

  • $138 for each registrant or permitted individual in the principal jurisdiction

As per MI 13-102, NRD system fees are payable to securities regulatory authorities, and consequently these fees are exempt from taxation.

Annual NRD user fees are due on December 31 of each year, as a payment for the following year.

If an individual’s registration with a firm has been terminated, the firm can avoid being charged user fees for that individual by submitting an Annual Fee Exclusion/Reversal through NRD. The form must be filed by December 31 of the year the individual’s registration was terminated.

Firms are required to submit a notice of termination/surrender of registration for these individuals within 10 business days beginning the January of the year following the termination/surrender.

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