Regulatory Alerts2019-01-01
Financial Services (Consolidated Licensing and Fees) (Amendment No.3) Rules 2019
The Financial Services Commission amended the licensing fee schedule under the Financial Services Act 2007 to introduce standardized fees for Investment Dealers, Representatives, and Foreign Investment Dealers engaged in derivatives trading. The rules update the First Schedule by inserting specific fee tiers for derivatives market participants and removing the "trading on SEM" designation from foreign dealer classifications. These regulatory amendments officially take effect on 16 November 2019 to streamline licensing charges across capital markets intermediaries.
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