ontario regulation 58/02

made under the

financial services commission of ontario act, 1997

Made: March 6, 2002
Filed: March 8, 2002
Printed in The Ontario Gazette: March 23, 2002

Amending O. Reg. 11/01

(Assessment of Expenses and Expenditures)

1. Section 2 of Ontario Regulation 11/01 is revoked and the following substituted:

2. A credit union’s or league’s share of an assessment of the credit unions sector under section 25 of the Act in respect of a 12-month assessment period shall be determined in accordance with the following rules:

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

i. $100, if the credit union’s assets are less than $500,000,

ii. $200, if the credit union’s assets are $500,000 or more, but less than $1 million,

iii. $300, if the credit union’s assets are $1 million or more, but less than $5 million,

iv. $400, if the credit union’s assets are $5 million or more, but less than $10 million,

v. $500, if the credit union’s assets are $10 million or more, but less than $15 million,

vi. $600, if the credit union’s assets are $15 million or more, but less than $25 million,

vii. $900, if the credit union’s assets are $25 million or more, but less than $35 million,

viii. $1,900, if the credit union’s assets are $35 million or more, but less than $50 million,

ix. $3,800, if the credit union’s assets are $50 million or more, but less than $75 million,

x. $7,000, if the credit union’s assets are $75 million or more, but less than $100 million,

xi. $9,000, if the credit union’s assets are $100 million or more, but less than $500 million,

xii. $12,500, if the credit union’s assets are $500 million or more.

2. A league’s share of the assessment is zero.

12/02