Amendments to Fees
Pursuant to the Investment Business Act 2003
| (1) |
Application Fee for a licence pursuant to section 16 |
$2,100.00 |
| (2) |
Annual licence fee pursuant to section 19(b) |
|
| (a) |
where the investment provider carries on – |
|
| (i) |
an investment activity of a kind specified in paragraph 2 of Part 2 of the First Schedule to the Act in connection with shares or units in a collective investment scheme; |
|
| (ii) |
an investment activity of a kind specified in paragraph 4 of Part 2 of the First Schedule to the Act; or |
|
| (iii) |
an investment activity falling within (i) and (ii) above |
$2,000.00 |
| (b) |
where the investment provider carries on an investment activity of a kind specified in paragraphs 1, 2 and 3 of Part 2 of the First Schedule to the Act but is not licensed to hold client assets |
$5,000.00 |
| (c) |
where the investment provider carries on an investment activity of a kind specified in Part 2 of the First Schedule to the Act and is licensed to hold client assets |
$10,000.00 |
| (3) |
Annual licence fee payable pursuant to section 19(b) where an investment provider falls within paragraph (2)(a), (b) or (c) and is part of a group which is subject to consolidated supervision by the Authority as home regulator under the Act, and that group – |
|
| (a) |
has consolidated net assets not exceeding $500 million |
$57,750.00 |
| (b) |
has consolidated net assets exceeding $500 million |
$231,000.00 |
| Annual fees in respect of (2) and (3) above are due on or before 30th April 2010 |
