| (1) | Application for licence pursuant to section 13(1) | $21,000.00 | |
| (2) | Annual fee pursuant to section 16 – |
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| (a) | where an institution falls in band A | $17,325.00 | |
| (b) | where an institution falls in band B | $115,500.00 | |
| (c) | where an institution falls in band C | $231,000.00 | |
| (3) | For the purposes of paragraph (2), an institution falls – | ||
| (a) | in band A, if it has consolidated gross assets not exceeding $500 million on December 31st of the year preceding the year in which the fee is due; | ||
| (b) | in band B, if it has consolidated gross assets exceeding $500 million but not exceeding $2 billion on December 31st of the year precding the year in which the fee is due; | ||
| (c) | In band C, if it has consolidated gross assets exceeding $2 billion on December 31st of the year preceding the year in which the fee is due. | ||
| (4) | In this paragraph "consolidated gross assets" does not include assets included within the consolidated financial statements of a subsidiary company of the institution which is separately licensed under the Banks and Deposit Companies Act 1999. | ||
| Annual fees in respect of (2) above are due on or before 30th April 2010 | |||
