Regulatory Alerts2025-01-22
Supervisory Levies Regulations 2019
The Minister of Finance and Economic Development, acting on the Non-Bank Financial Institutions Regulatory Authority’s recommendation, has enacted regulations mandating annual supervisory levies for non-bank financial institutions. Institutions may pay these levies once-off by April 30 or in two installments, with amounts calculated to recover supervisory operational costs and subject to prime interest rates on unpaid or under-collected balances. The schedule details fixed or percentage-based levy rates for twenty-one entity categories, formally revoking the 2018 regulations.
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