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2025-12-12

Proposed Licensing Fees 2026

The Non-Bank Financial Institutions Regulatory Authority has issued a proposed 2026/2027 fee schedule mandating standardized licensing costs for twenty-four categories of non-bank financial entities in Botswana. The framework specifies application, renewal, and annual sustaining fees denominated in Pula, with amounts ranging from 263 for key persons and controllers to 105,000 for securities exchanges and central counterparties. These structured levies apply across diverse operators including asset managers, custodians, insurance companies, and virtual assets service providers to ensure consistent regulatory funding.

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Botswana

Non-Bank Financial Institutions Regulatory Authority

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1 NON – BANK FINANCIAL INSTITUTIONS REGULATORY AUTHORITY ACT (SUPERVISORY LEVIES AND LICENSING FEES PROPOSAL 2026/2027) 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.Virtual Assets Service Providers Application for license fee 5,000 24.Investment Advisors/Asset Consultant Application for license fee 8,400

3 Non – Bank Financial Institution (NBFI) Narration Fee Amount (Pula) Renewal of license fee Annual Sustaining fee 5,040 6,300

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