FEES 1.2.7

(a) In respect of any fee payable in accordance with these rules, the fee must, subject to (b), be paid:
(i) by the Person to whom the Rule applies;
(ii) in USD; and
(iii) by bank transfer directly from a bank account maintained by the Person specified in (i) into the Regulator's bank account.
(b) The Regulator will accept payment of a fee in USD from a member of the applicant's Group, the applicant's Parent, the applicant's legal advisor or a Person who has applied to be a Controller in relation to the applicant but only where:
(i) the relevant fee is an application or authorisation fee; and
(ii) the applicant is in formation and does not have a commercial licence to enable it to open a bank account in its own name.