O. Reg. 105/03: ASSESSMENT OF EXPENSES AND EXPENDITURES

 

ontario regulation 105/03

made under the

financial services commission of ontario act, 1997

Made: March 26, 2003
 Filed: March 28, 2003
Printed in The Ontario Gazette: April 12, 2003

Amending O. Reg. 11/01

(Assessment of Expenses and Expenditures)

1. The definition of “assets” in section 1 of Ontario Regulation 11/01 is amended by striking out “before the start of the assessment period” at the end.

2. Paragraph 1 of section 2 of the Regulation is revoked and the following substituted:

1. A credit union’s share of the assessment is,

i. $120, if the credit union’s assets are less than $500,000,

ii. $240, if the credit union’s assets are $500,000 or more, but less than $1 million,

iii. $360, if the credit union’s assets are $1 million or more, but less than $5 million,

iv. $510, if the credit union’s assets are $5 million or more, but less than $10 million,

v. $640, if the credit union’s assets are $10 million or more, but less than $15 million,

vi. $770, if the credit union’s assets are $15 million or more, but less than $25 million,

vii. $1,150, if the credit union’s assets are $25 million or more, but less than $35 million,

viii. $2,500, if the credit union’s assets are $35 million or more, but less than $50 million,

ix. $4,930, if the credit union’s assets are $50 million or more, but less than $75 million,

x. $9,100, if the credit union’s assets are $75 million or more, but less than $100 million,

xi. $11,700, if the credit union’s assets are $100 million or more, but less than $500 million,

xii. $16,250, if the credit union’s assets are $500 million or more.