Debt
| Initial (per application) |
Annual (payable on initial application) |
Total (payable on application) |
|
|---|---|---|---|
| Specialist Debt - Chapter 8 | US $2,500*1 (CI $2,050) |
US $3,500*2 (CI $2,870) |
US $6,000 (CI $4,920) |
| Specialist Debt Securities per series - Chapter 8 | US $500*3 (CI $410) |
N/A | US $500 (CI $410) |
| Corporate/Sovereign Debt securities - Chapter 12 |
US $2,500 (CI $2,050) |
US $3,500 (CI $2,870) |
US $6,000 (CI $4,920) |
| Corporate/Sovereign Debt securities per series - Chapter 12 | US $500*4 (CI $410) |
N/A | US $500 (CI $410) |
| Debt securities of Specialist Companies - Chapter 14 | US $3,500 (CI $2,870) |
US $3,500 (CI $2,870) |
US $7,000 (CI $5,740) |
| Notes :
1. Initial fee per application (including all co-issuers). 2. Payable annually on each anniversary of the listing date. Applicable to all issuers listed or approved to list. 3. Initial fee per class/series of specialist debt securities listed under Chapter 8. 4. Initial fee per class/series of corporate debt securities listed under Chapter 12. |
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Debt Programmes : Specialist/Corporate Sovereign
| Initial | Annual | Total (payable on application) |
|
|---|---|---|---|
| Programme | US $3,000 (CI $2,460) |
US $1,500 (CI $1,230) |
US $4,500 (CI $3,690) |
| Per series under Programme | US $1,000 (CI $820) |
US $500 (CI $410) |
US $1,500 (CI $1230) |
Derivative Warrants
| Initial (per application - including all co-issuers/series/classes) |
Annual (payable on initial application - covers all co-issuers/series/classes) |
Total (payable on application) |
|
|---|---|---|---|
| Derivative Warrants | US $3,500 (CI $2,870) |
US $1,500 (CI $1,230) |
US $5,000 (CI $4,100) |
Derivative Warrants Programmes
| Initial | Annual | Total (payable on application) |
|
|---|---|---|---|
| Programme | US $3,000* (CI $2,460) |
US $1,500 (CI $1,230) |
US $4,500 (CI $3,690) |
| Per series under Programme | US $1,000 (CI $820) |
US $500 (CI $410) |
US $1,500 (CI $1230) |
| *also payable on increase of face value or addition of co-issuer |
Investment Funds
| Initial (per application - including all share classes/sub funds) |
Annual (per issuer - including all share classes/sub funds) |
Total (payable on application) |
Subsequent Annual (according to number of share classes/sub funds) |
|
|---|---|---|---|---|
| Fund | US $5,000 (CI $4,100) |
US $2,500 (CI $2,050) |
US $7,500 (CI $6,150) |
1: US $2,500 (CI $2,050) |
| 2: US $4,000 (CI $3,280) |
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| 3: US $5,000 (CI $4,100) |
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| 4: US $6,000 (CI $4,920) |
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| 5: US $7,000 (CI $5,740) |
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| 6: US $8,000 (CI $6,560) |
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| 7: US $9,000 (CI $7,380) |
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| 8: US $10,000 (CI $8,200) |
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| 9 upwards: US$300 (CI $246) per additional sub fund/class subject to a cumulative maximum of US $25,000 (CI $20,500) |
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| Series (of previously listed share class or sub fund) |
US $300 (CI $246) subject to monthly cumulative maximum of US $6,000 (CI $4,920) | n/a | US $300 (CI $246) |
n/a |
| Subsequent share class/sub fund | US $1,000 (CI $820) |
n/a | US $1,000 (CI $820) |
As above |
Exchange Traded Funds
| According to market value of securities | Initial (per share class/sub fund)* |
Annual (per share class/sub fund)* |
Total (payable on application) |
|---|---|---|---|
| Up to US $10m | US $2,500 (CI $2,050) |
US $5,000 (CI $4,100) |
US $7,500 (CI $6,150) |
| Up to US $100m | US $2,500 (CI $2,050) |
US $7,500 (CI $6,150) |
US $10,000 (CI $8,200) |
| Over US $100m | US $2,500 (CI $2,050) |
US $10,000 (CI $8,200) |
US $12,250 (CI $10,250) |
| * with discretion to apply a discount for issuers with multiple classes/sub-fund | |||
Equity Securities & Retail Debt
| According to market value of securities | Initial | Annual | Total |
|---|---|---|---|
| Up to US $10m | US $10,000 (CI $8,200) |
US $10,000 (CI $8,200) |
US $20,000 (CI $16,400) |
| Up to US $100m | US $15,000 (CI $12,300) |
US $10,000 (CI $8,200) |
US $25,000 (CI $20,500) |
| Over US $100m | US $20,000 (CI $16,400) |
US $10,000 (CI $8,200) |
US $30,000 (CI $24,600) |
Depository Receipts
| Initial (per class) |
Annual (per class) |
Total (payable on application - per class) |
|
|---|---|---|---|
| Sponsored | US $3,000 (CI $2,460) |
US $4,000 (CI $3,280) |
US $7,000 (CI $5,740) |
| Unsponsored | Fees will vary according to nature of transaction and work involved – early consultation with the Exchange is advised | ||
Secondary Listings
| Initial (per class) |
Annual | Total (payable on application) |
|
|---|---|---|---|
| Equity securities and retail debt securities | 50% of primary fee | 50% of primary fee | 50% of primary fee |
| All other types of securities | US $2,000 (CI $1,640) |
US $2,000 (CI $1,640)* |
US $4,000 (CI $3,280) |
| * for umbrella investment funds 50% of normal annual fees apply |
Administrative/Continuing Obligation Fees
| Description of Service | Fee |
|---|---|
| Express application fee*1 | US $1,500 (CI $1,230) |
| Partial de-listing application | US $350 per application (CI $287) |
| Full de-listing application request*2 | US $500 per application (CI $410) |
| Increase of headroom fee | US $500 (CI $410) |
| Further PIK listing (pre-empted issues of same class only*3 | US $300 per application (CI $246) |
| Bloomberg announcement fee*4 | US $200 (CI $164) |
| Variable Funding Note Facility | US $1,500 (CI $1,230) |
| Change of Status | US $1,000 (CI $820) |
| Notes : *1. Comments provided within 48 hours. The fee would be charged as an addition to initial application fees, which are applicable. *2. The de-listing fee would be raised on application to de-list an issuer, but will not apply to those securities reaching automatic maturity. *3. Please refer to "Further issue fees" in Notes tab. *4. Excluding first announcement in relation to admission to the official list of CSX. |
|
Notes
Further issue fees
A further issue fee, charged at the same rate as the initial fee, shall be payable by the issuer on making an application for listing for a further issue of a class of securities which is already listed on the Exchange.
This charge does not apply to the issue of securities on the exercise of options, warrants or similar rights to subscribe or purchase securities, the granting or issue of which has already been approved by the Exchange, or to a capitalisation issue or an issue of securities under a scrip dividend scheme or to the further issue of a class of specialist or corporate debt securities or debt securities of specialist companies already listed on the Exchange where the issue was pre-empted in a previously approved listing application.
A fee of US $300 (CI $246) shall be payable by the issuer of a class of securities already listed on the Exchange where the issue was pre-empted in a previously approved listing application and the nominal value of the securities to be issued does not exceed the maximum nominal amount of securities that may be in issue and listed at any one time previously approved by the Exchange.
Where the nominal value of the securities to be issued exceeds the notified maximum referred to above a fee, charged at the same rate as the initial fee, shall be payable by the issuer.
Issues of debt securities under unlisted programmes
Listings of series of debt securities under programmes which are not listed on the Exchange are treated as standalone issues with separate US $2,500 (CI $2,050) issue fees and annual fees of US$2,500 (CI $2,050) for the first and US $1,500 (CI $1,230) per additional series.
Annual fee
The annual fee for the new applicants must be paid prior to admission of the securities to the Official List.
The annual fee in respect of the first year shall be payable on the admission of the securities to listing and thereafter shall be payable on the anniversary of the listing date.
All annual fees raised post listing should be settled within 14 days of the invoice date.
Where annual fees are paid in advance a discount may be applied.
The annual fee shall remain payable for the duration of a suspension of the issuer.
Supplementary or revised listing documents
A further fee of US $500 (CI $410) shall be payable by the issuer of securities already listed on the Exchange on submission of a supplementary or revised listing document for approval by the Exchange.
This charge does not apply to an issuer making an application for listing of a further issue of a class of securities which is already listed on the Exchange.
Additional fees
The Exchange reserves the right to charge an administrative fee as it considers appropriate with reference to the nature of the transaction and amount of work required by the listing department or where an application for listing of securities is not followed by actual listing of such securities.
An additional administrative fee of US $500 (CI $410) will be charged where the issuer fails to file with the Exchange financial statements in breach of the Exchange’s continuing obligations.
The CSX reserves the right to charge a discretionary fee for anything not covered in the fee schedules.
Net Asset Valuations
Net Asset Values (“NAV’s”) of an issuer’s listed securities must be notified to the Exchange as soon as these are calculated for publication on the Exchange’s website. Fund administrators may be authorised to post such NAVs directly onto the Exchange’s website via a secure internet page.
An administrative fee of US $300 (CI $246), per class or sub-fund and per series of a class or sub-fund, payable quarterly, shall be charged where:
- (a) the issuer has not authorised the Fund Administrator to post the Net Asset Valuations directly onto the Exchange’s website; or
- (b) the issuer does not notify the Exchange of their NAVs within the prescribed quarterly timeframe in breach of the Exchange’s continuing obligations.
Equity and Retail Funds
For the avoidance of doubt, retail funds listed pursuant to Chapter 9 Listing Rules will be charged as per the equity securities and retail debt fee schedule.
Payment
Initial listing fees must be paid by the date of the associated listing. The Exchange reserves the right to delay listings where fees remain unpaid.
Bank Charges
Any bank charges must be incurred by the remitter.
Refunds
All fees raised are non-refundable and payable in full irrespective of any subsequent de-listing or cancelation.