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2025-01-25

Proposed Licensing Fees 2026 for Non-Bank Financial Institutions

The Non-Bank Financial Institutions Regulatory Authority has issued a standardized schedule of proposed licensing fees and supervisory levies for 2026. The regulation requires all twenty-three designated non-bank financial entities, ranging from asset managers and insurance brokers to central securities depositories and market makers, to pay fixed application, renewal, and annual sustaining charges in Pula. Fee amounts are tiered by institutional function, with key persons and retirement funds facing the lowest rates while central securities depositories and securities exchanges incur the highest annual obligations.

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Botswana

Non-Bank Financial Institutions Regulatory Authority

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1 NON – BANK FINANCIAL INSTITUTIONS REGULATORY AUTHORITY ACT (PROPOSED SUPERVISORY LEVIES AND LICENSING FEES 2025) LICENSING FEES Non – Bank Financial Institution (NBFI) Narration Fee Amount (Pula)

  1. Asset Managers Application for license fee Renewal of license fee Annual Sustaining fee 12,600 7,560 6,300
  2. Custodians and Trustees Application for license fee Renewal of license fee Annual Sustaining fee 12,600 7,560 6,300
  3. Central Securities Depositories Application for license fee Renewal of license fee Annual Sustaining fee 100,800 60,480 50,400
  4. Securities Exchanges Application for license fee Renewal of license fee Annual Sustaining fee 105,000 63,000 52,500
  5. International Financial Services Centre registered companies Application for license fee 12,600
  6. Insurance Brokers Application for license fee Renewal of license fee 5,775 3,465
  7. Insurance Companies Application for license fee Renewal of license fee 26,250 15,750
  8. Corporate Insurance Agents Application for license fee Renewal of license fee 1,260 788
  9. Management companies of Collective Investments Undertakings Application for license fee License fee for each additional fund 12,600 2,310 10.Micro Lenders Application for license fee License fee for each additional branch 6,300 1,260

2 Non – Bank Financial Institution (NBFI) Narration Fee Amount (Pula) 11.Retirement Funds Application for license fee 263 12.Securities Brokers / Dealers Application for license fee Renewal of license fee Annual Sustaining fee 52,500 31,500 26,250 13.Transfer Agents / Transfer Secretaries Application for license fee Renewal of license fee Annual Sustaining fee 10,500 6,300 5,250 14.Central Counter Party Application for license fee Renewal of license fee Annual Sustaining fee 105,000 63,000 52,500 15.Participant / Market Maker Application for license fee Renewal of license fee Annual Sustaining fee 10,500 6,300 5,250 16.Retirement Fund Administrator Application for license fee Renewal of license fee 10,500 6,300 17.Medical Aids Fund Application for license fee 10,500 18.Pawnshop Application for license fee License fee for each additional branch 6,300 1,260 19.Finance & Leasing Company

Application for license fee License fee for each additional branch 6,300 1,260 20.Clearance and Settlement System other than Central Securities Depositories Application for license fee Renewal of license fee Annual Sustaining fee 100,800 60,480 50,400 21.Key Person Application for license fee 263 22.Controller Application for license fee 263 23.Investment Advisors/Asset Consultant Application for license fee Renewal of license fee 8,400 5,040

3 Non – Bank Financial Institution (NBFI) Narration Fee Amount (Pula) Annual Sustaining fee 6,300

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