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.
Fees under The Securities Act (Manitoba) and The Commodity Futures Act are as follows:
| Category | Securities | Commodities |
|---|---|---|
| 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.