Security Certificate Transfer Fee (Trust and Loan Companies) Regulations

The Security Certificate Transfer Fee (Trust and Loan Companies) Regulations, made pursuant to subsection 88(2) and section 531 of the Trust and Loan Companies Act, come into effect on June 1, 1992. The regulations prescribe a maximum fee that a trust or loan company may charge for issuing a security certificate in respect of a transfer. This fee is set at five dollars, which provides a cap on the amount of fees that companies can charge for this service. The regulations aim to provide clarity and fairness for clients when it comes to the transfer of securities.