Regulatory Alerts2019-01-01
Financial Services (Consolidated Licensing and Fees) (Amendment No. 2) Rules 2019
The Financial Services Commission issued these rules to amend the 2008 Consolidated Licensing and Fees framework by updating specific licensing thresholds and completely replacing the First and Second Schedules. The revised schedules establish comprehensive processing, fixed annual, and variable annual fees for a broad range of financial service providers, corporate trust services, securities intermediaries, insurers, and pension schemes. These updated fee structures take effect on 1 July 2019 and apply to both local entities and Global Business Licence holders, with USD-denominated fees specified for international applicants.
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