The EC2025-979 Securities Act Regulations Amendment introduces revisions to the fees payable under the Securities Act R.S.P.E.I. 1988, Cap. S-3.1, with the aim of aligning Prince Edward Island’s securities filing fees with those in other Canadian provinces, and addressing the administrative workload associated with filings. The amendment primarily updates the Schedule to the Securities Act Regulations (EC57/08), specifying new fees for various filings and adjustments to existing fees, and establishes a clear implementation date of January 1, 2026.

The amendment begins by adding a new section 1.1 to the Schedule that sets a fee of $750 for international dealers or advisers submitting Form 31-103F2, which covers Submission to Jurisdiction and Appointment of Agent for Service under sections 8.18(3)(e) or 8.26(4)(f) of National Instrument 31-103, or under both sections if submitted simultaneously. Similarly, the same fee applies for notifications submitted under sections 8.18(5) or 8.26(5) of the instrument, or under both concurrently.

Section 3 of the Schedule is fully replaced to provide clarity on the fees for amendments to prospectuses. Under the new provisions, a $150 fee applies for filing each amendment to a preliminary, pro forma, or other prospectus per issuer. Additionally, a $150 fee is required for each new type, class, series, or unit of securities included in the prospectus that was not previously listed.

Section 4 of the Schedule is amended to increase the fee for filing an annual informational form from $1,000 to $1,200. This increase is justified by the growing administrative demands associated with reviewing and processing these forms and aligns with fee structures in other Canadian jurisdictions. Following this, two new sections, 4.1 and 4.2, are introduced. Section 4.1 establishes a $150 fee per issuer for filing annual financial statements, reinforcing the approach of consistent, standardized fees. Section 4.2 sets a $25 fee for filing a Form 45-106F1 Report of Exempt Distribution, while authorizing that filing a Report of Trade under Securities Local Rule 45-508 for community economic-development businesses incurs no fee.

The explanatory notes clarify that these changes aim to cover staff processing time, support regulatory efficiency, and maintain fee consistency with other provinces. They also reinforce that the adjustments address administrative realities and aim to make regulatory compliance more predictable for all stakeholders. By standardizing fees for various forms, notifications, and reports, the regulations provide a clear framework for securities filings in Prince Edward Island, ensuring both transparency and equitable treatment across issuers. Overall, EC2025-979 aims to improve the filing fees under the Securities Act, supporting effective regulatory oversight while promoting fairness and clarity in the province’s securities market.

Prince Edward Island (979/2025) November 4, 2025
Disclaimer: Insights are for informational purposes only and do not reflect RRI’s official position or constitute legal opinion.