Fee Access Comment Letter - Due March 1st

We want to inform the CSTA community of an important change coming to the Canadian capital markets. The OSC has proposed a Fee Access Pilot to run concurrent with the pilot being run by the SEC. This pilot will give regulators and industry participants valuable information on the impact of rebates on trading costs, spreads, and liquidity. Please see attached for additional details.

The CSTA believes it’s very important that firms and individuals provide comment on this proposal, either for or against. The CSTA encourages our members to consider sending in a comment letter to the OSC before the deadline of March 1st, 2019.

If you do not have the resources to send a comment letter we recommend reaching out to other firms who are submitting comment letters to co-sign in support.  There have been indications that several firms are willing to have signatures of support.

In addition, the CSTA’s Trading Issues Committee (TIC) is in the process of drafting a comment letter.   We expect a draft of this letter to be available Jan. 28th and will distribute the draft letter to anyone interested in signing in support of the TIC’s comment letter. Please express your interest in signing the CSTA letter by e-mailing Sarah Cooper,

Details to submit a comment letter: E-mail a word doc to

CSA Staff Notice and Request for Comment 23-323 Trading Fee Rebate Pilot Study

Address comment letters to all CSA regulators

  • British Columbia Securities Commission
  • Alberta Securities Commission
  • Financial and Consumer Affairs Authority of Saskatchewan
  • Manitoba Securities Commission
  • Ontario Securities Commission
  • Autorité des marchés financiers
  • Financial and Consumer Services Commission, New Brunswick
  • Superintendent of Securities, Government of Prince Edward Island
  • Nova Scotia Securities Commission
  • Office of the Superintendent of Securities, Service NL (Newfoundland and Labrador)
  • Superintendent of Securities, Northwest Territories
  • Superintendent of Securities, Yukon

Superintendent of Securities, Department of Justice, Government of Nunavut

2018 Conference Round Up