Various securities regulatory authorities in Canada, including the Ontario Securities Commission, the Alberta Securities Commission, the British Columbia Securities Commission and the Autorité des Marches Financiers have approved, subject to certain conditions, a fee model for debt market transactions proposed by the Investment Industry Regulatory Organization of Canada (IIROC) effective November 1, 2015.

For further information, please see IIROC Notice of Approval 15-0243 Approval of Debt  Market Regulation Fee Model.