Proposed Amendment of Approved Person Fees Component within the Annual Fee of Dealer Member Fee Model

The Canadian Investment Regulatory Organization (CIRO) is proposing to amend the Fee Model related to the Approved Person (AP) Fees Component of the Annual Fee of the Dealer Member Fee Model, revising the rate to $300 from $250 per AP of the Dealer Member (the Proposed Fee Amendment). Concurrently, CIRO is proposing to cease collection of its main activity-based registration-related submission fees collected through the National Registration Database1 (CIRO NRD fees). CIRO will also end its cost recovery arrangements with certain provincial securities regulatory authorities. The following materials are provided for comment:

1. Bulletin describing the proposal and the work performed
2. Integrated Fee Model – blacklined (Appendix A) and clean (Appendix B)
3. Frequently Asked Questions (FAQs) to further explain the details included in the proposed amendment (Appendix C)

CIRO is proposing that the amendment be effective on April 1, 2026.