Regulatory Alerts2020-09-11
Added · Updated
Circular No 7 of 2020 Clarifications on Fees for CSL
The Financial Services Authority issued this circular to clarify new fee obligations for companies holding special licenses under the 2020 Companies (Amendment) Act. Effective January 1, 2021, these entities must pay a new SCR500 annual fee to the Registrar of Companies while retaining their existing US$1,000 FSA license fee. Additionally, the SCR500 filing fee for annual returns does not apply to them, as they continue paying a US$200 filing fee directly to the Authority.
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