Regulatory Alerts2020-10-09
Collective Investment Schemes (Fees) Rules 2017
The Minister of Finance and Economic Development, approving rules drafted by the Securities and Exchange Commission, has enacted the 2017 Collective Investment Schemes (Fees) Rules to standardize financial obligations for scheme operators. The regulations mandate fixed application and annual renewal fees of US$500 and US$300 for internal, external, and professional schemes, alongside US$2,000 and US$1,000 licensing fees for internal scheme trustees and managers. Additional provisions impose a US$500 charge for miscellaneous regulatory approvals, levy a daily US$50 penalty for late return submissions up to thirty days, and formally repeal the 1998 fee regulations.
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