FEES 1.2.2

In regard to supervision fees payable pursuant to Chapters 2 and 3:

(a) the initial annual supervision fee must be paid in full to the Regulator within twenty Business Days of the date on which the application is granted; and
(b) subsequent annual supervision fees are payable in advance and must be paid in full to the Regulator on or before 31 January of the calendar year to which the fee relates.