Securities Law & Instruments

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AMENDMENTS TO OSC RULE 13-503 (COMMODITY FUTURES ACT) FEES

 

1. OSC Rule 13-503 (Commodity Futures Act) Fees is amended by this Instrument.

2. Section 2.4 is replaced with the following:

2.4 Certification

(1) A form required to be filed under section 2.2 or 2.3 must contain a certificate signed by any one of the following:

(a) the chief compliance officer of the registrant firm;

(b) a specified officer of the registrant firm, or an individual acting in a similar capacity;

(c) a director of the registrant firm.

(2) For the purposes of subsection (1)(b), "specified officer" of a registrant firm, means an individual with any or more of the following positions in relation to the registrant firm:

(a) chief executive officer;

(b) chief financial officer;

(c) chief operating officer.

3. Form 13-503F1 (Commodity Futures Act) Participation Fee Calculation is amended

(a) in the "General Instructions" by replacing paragraph 7 with the following:

7. Information reported on this form must be certified by an individual specified in section 2.4 of this Rule to attest to its completeness and accuracy.; and

(b) replacing the heading "Chief Compliance Officer's Certification" with "Certification".

4. This Instrument comes into force on October 18, 2019.