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 21 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 1 January of the calendar year to which the fee relates.