• SCHEDULE

    • Fees

      • Rule 2

        Table 1 - Initial Registration (General)

          Business Activity Categories Fees (USD)
        Matter in relation to which fee is payable A B C
        Application for license to carry on one or more controlled activities 13,000 8,000 4,000
        Application for license to carry on one or more controlled activities, where application is delivered in paper form 14,000 9,000 5,000;
        Application for license to carry on the business activity of Special Purpose Vehicle n/a 1,000 n/a
        Application for license and to carry on the business activity of Open / Closed Ended Investment Company n/a 1,000 n/a
        Application for license to carry on the business activity of Effecting a Contract of Insurance as Principal, Carrying out a Contract of Insurance as Principal 600 n/a n/a
        Application for license to carry on the business activity of Cell Company n/a 400 n/a
        Application for license and to carry on the business activity of acting as Investment Partnership or General Partner to an Investment Partnership n/a 1,000 n/a
        Application for license to carry on the business activity of Professional Membership Organization n/a 1,500 n/a
        Application for license to carry on the business activity of developing financial technology services within the RegLab 2,000 n/a n/a

        Table 2 – Registration Renewal (General)

          Business Activity Categories Fees (USD)
        Matter in relation to which fee is payable A B C
        Application for a new license made by a licensed person prior to the expiry of its current licence 13,000 8,000 4,000
        Application for a new license made by a licensed person prior to the expiry of its current licence, where application is delivered in paper form 14,000 9,000 5,000;
        Application for a new license made by a licensed person prior to the expiry of its current licence for the business activity of Special Purpose Vehicle n/a 1,000 n/a
        Application for a new license made by a licensed person prior to the expiry of its current licence for the business activity of Open / Closed Ended Investment Company n/a 1,000 n/a
        Application for a new license made by a licensed person prior to the expiry of its current licence for the business activity of Effecting a Contract of Insurance as Principal, Carrying out a Contract of Insurance as Principal 1,000 n/a n/a
        Application for a new license made by a licensed person prior to the expiry of its current licence for the business activity of Cell Company n/a 1,000 n/a
        Application for a new license made by a licensed person prior to the expiry of its current licence for the business activity of acting as Investment Partnership or General Partner to an Investment Partnership n/a 1,000 n/a
        Application for a new license made by a licensed person prior to the expiry of its current license for the business activity of Professional Membership Organization n/a 1,400 n/a
        Application for a new license made by a licensed person prior to the expiry of its current license for the business activity of 2,000 n/a n/a
        developing financial technology services within the RegLab      

        Table 3 – Variation of License

        Matter in relation to which fee is payable Fee Payable (USD)
        Application for variation of a licence where business activities remain in the same Category 100
        Application for variation of a licence where business activity changes from Category C to Category B 4,100
        Application for variation of a licence where business activity changes from Category B to Category A 5,100
        Application for variation of a licence of a Special Purpose Vehicle if business activity changes to any of the business activities listed for Category B 8,100
        Application for variation of a licence of a Special Purpose Vehicle if business activity changes to any of the business activities listed for Category A 13,100

        Table 4 – Cancellation of a Licence

        Matter in relation to which fee is payable Fee Payable (USD)
        Application for cancellation of a licence NIL

        Table 5 – Trade Names

        Matter in relation to which fee is payable Fee Payable (USD)
        Application for a trade name NIL

        Notes:

        1. "Business activity" means a description of activity specified by the Registrar for the purposes of these Rules. The Registrar may specify any number of distinct business activities for the purposes of these Rules. Business activities specified by the Registrar may or may not correspond to the controlled activities and a particular controlled activity may encompass any number of business activities specified by the Registrar. Nothing in these Rules prevents the Registrar from specifying a business activity, which falls within the scope of more than one kind of controlled activity.
        2. Where an applicant applies for a licence to carry on a controlled activity, the application shall be regarded as including all business activities falling within the scope of the controlled activity.
        3. "Category A" refers to any applicant for a licence to carry on the controlled activity of financial services.
        4. "Category B" refers to any applicant (other than a Category C applicant) for a licence to carry on any controlled activity other than financial services.
        5. "Category C" refers to any applicant for a licence to carry on the controlled activity of other economic activities where the applicant intends only to carry on the activity of retail trade.