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*4
(CI $2,870)
US $6,000
(CI $4,920)
Corporate/Sovereign Debt securities per series - Chapter 12 US $500*5
(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. For CLO/CDO/CBO transactions : Payable annually or alternatively a one-off fees of US $10,000 (regardless of maturity date) can be paid prior to listing. Applicable to all issuers listed or approved to list.
3. Initial fee per class/series of specialist debt securities listed under Chapter 8.
4. Payable annually on each anniversary of the listing date. Applicable to all issuers listed or approved to list.
5. Initial fee per class/series of corporate debt securities listed under Chapter 12.

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*6
(CI $820)
US $500*7
(CI $410)
US $1,500
(CI $1230)
Notes :
6. Programme fees : fees per series under listed programme.
7. Programme fees : annual fees per series under listed programme.

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 $2,500
(CI $2,050)
US $2,500
(CI $2,050)
US $5,000
(CI $4,100)
1: US $2,500
(CI $2,050)
2: US $4,000
(CI $3,280)
3: US $5,000
(CI $4,100)
4: US $6,000
(CI $4,920)
5: US $7,000
(CI $5,740)
6: US $8,000
(CI $6,560)
7: US $9,000
(CI $7,380)
8: US $10,000
(CI $8,200)
9 upwards: US$300
(CI $246) per additional sub fund/class subject to a cumulative maximum of US $25,000 (CI $20,500)
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)
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.

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.