Regulatory Alerts2022-01-01
Financial Services (Consolidated Licensing and Fees) (Amendment No. 4) Rules 2022
The Financial Services Commission issued Amendment No. 4 to the Consolidated Licensing and Fees Rules 2008, updating fee structures and licensing requirements for global business and authorised companies. The amendments introduce quarterly proration for licence issuance fees, remove outdated category references, and establish a new table calculating first annual licence fees based on the month of grant. These revised charges and reinstatement schedules take effect on 1 July 2022, standardizing cost calculations for corporate and trust service providers while streamlining compliance obligations.
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