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Renewal of Registration
Frequently Asked Questions
- Where can I find the application for renewal?
- If I am calculating fees based on estimated revenue for the current filing year, which column do I fill out on the Form 13-502F4?
- What do I need to do if I am calculating my fees based on estimated revenues?
- If I am calculating fees based on audited financial statements for the current filing year, which column do I fill out?
- If I am using a good faith estimate for my revenues, when must I report the actual revenues?
- Will my firm incur late fees if I file my Form 13-502F4 or Form 13-502F5 late?
- How much money should I have in my NRD account on December 31?
- Will my firm and its registered individuals be suspended if the appropriate fees are not in my NRD account by December 31?
- If my participation fees are paid late, will my firm be charged late fees?
- Once I have completed my application and/or participation fee forms, where do I send them?
- Where can I find more information about the renewal process?
1. Where can I find the application for renewal?
The application for renewal is located under Dealers and Advisers - Renewal of Registration
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2. If I am calculating fees based on estimated revenue for the current filing year, which column do I fill out on the Form 13-502F4?
You always complete the 'Current Year' column whether you are providing your estimate or your actual revenues. You must enter your actual revenues for the previous year in the 'Prior Year' column.
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3. What do I need to do if I am calculating my fees based on estimated revenues?
When you receive your audited financial statements for the current filing year, you must review them and report any change to your participation fee to the OSC. To do this you need to complete a revised Form 13-502F4 and a Form 13-502F5 which will show the difference.
If registered under the Commodity Futures Act only, a revised Form 13-503F1 and a completed Form 13-503F2 is required. If your firm is registered under both acts, you are required to submit a revised Form 13-502F4 and a completed 13-502F5.
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4. If I am calculating fees based on audited financial statements for the current filing year, which column do I fill out?
You will complete the 'Current Year' column only.
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5. If I am using a good faith estimate for my revenues, when must I report the actual revenues?
You do not need to report your actual revenues unless your participation fees have changed. For this you need to file a revised Form 13-502F4 and Form 13-502F5 within three months of your fiscal year end.
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6. Will my firm incur late fees if I file my Form 13-502F4 or Form 13-502F5 late?
Yes, there is a $100 late fee applied for each business day that these forms are filed late.
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7. How much money should I have in my NRD account on December 31?
You need to have enough to cover your participation fee and your NRD user fees. Each registered and permitted individual is required to pay NRD user fees. They are calculated as follows:
- $75 (plus 5% GST) per person for one jurisdiction; and
- $50 (plus 5% GST) per person for each additional jurisdiction (up to a maximum of 6 total jurisdictions).
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8. Will my firm and its registered individuals be suspended if the appropriate fees are not in my NRD account by December 31?
Yes.
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9. If my participation fees are paid late, will my firm be charged late fees?
Yes, your firm will be charged 1% of the participation fee per business day on the fee payable up to a maximum of 25%
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10. Once I have completed my application and/or participation fee forms, where do I send them?
You can send them by e-mail to renewal@osc.gov.on.ca
OR
You can send them by mail to
Attention: Donna Leitch,
20 Queen Street West,
Suite 1903, Box 55,
Toronto, Ontario M5H 3S8
OR
You can fax them to the Attention of Donna Leitch, Fax # 416-593-8283
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11. Where can I find more information about the renewal process?
OSC Staff Notice 33-722 provides further details.
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