Financial Services (Consolidated Licensing and Fees) (Amendment No. 4) Rules 2024

Government Notices 2024 173 Ziyaad iMac5/Govt Notices/2024/The Financial Services_Consolidated Licensing and Fees_Amendment No. 4_Rules 2024 - 29.02.2024 - 1st Proof Government Notice No. 38 of 2024 THE FINANCIAL SERVICES ACT FSC Rules made by the Financial Services Commission under Section 93 of the Financial Services Act

1. These rules may be cited as the Financial Services (Consolidated Licensing and Fees) (Amendment No. 4) Rules 2024.
2. In these rules – “principal rules” means the Financial Services (Consolidated Licensing and Fees) Rules 2008.
3. The First Schedule to the principal rules is amended, in PART I, under the heading “Collective Investment Schemes and Closed￾end funds,” – (a) by adding the following new item under the sub heading “Collective Investment Scheme (CIS)” – Code Authorised/ Recognised/ Approved Relevant Section of Securities Act Processing Fee Fixed Annual Fee SEC 3.1 Dv CIS (Multiclass)** 97 USD 400 USD 800 (b) by adding the following new item under the sub heading “Closed-end fund” – Code Authorised/ Recognised/ Approved Relevant Section of Securities Act Processing Fee Fixed Annual Fee SEC 3.2 Dv Closed-end fund (Multiclass)** 97 USD 400 USD 800

174 Government Notices 2024 Ziyaad iMac5/Govt Notices/2024/The Financial Services_Consolidated Licensing and Fees_Amendment No. 4_Rules 2024 - 29.02.2024 - 1st Proof (c) by adding the following footnote: ** Applicable for VCC Fund operating as a multi-class structure only. 4. These rules shall come into operation on 2 March 2024. Made by the Financial Services Commission on 28 February 2024. By Authority: Government Printing Department, La Tour Koenig 21/03/2024 – 940